Resonant Capital Advisors LLC Invests $231,000 in Citigroup Inc (NYSE:C)

Resonant Capital Advisors LLC acquired a new stake in shares of Citigroup Inc (NYSE:C) in the fourth quarter, Holdings Channel.com reports. The firm acquired 2,887 shares of the financial services provider’s stock, valued at approximately $231,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Simon Quick Advisors LLC boosted its stake in Citigroup by 268.7% in the 4th quarter. Simon Quick Advisors LLC now owns 365 shares of the financial services provider’s stock valued at $29,000 after buying an additional 266 shares in the last quarter. Arlington Partners LLC bought a new position in Citigroup during the 4th quarter valued at about $32,000. Stonebridge Financial Planning Group LLC bought a new position in Citigroup during the 4th quarter valued at about $32,000. Allred Capital Management LLC acquired a new position in Citigroup in the fourth quarter valued at about $35,000. Finally, Horizon Bancorp Inc. IN acquired a new position in Citigroup in the fourth quarter valued at about $40,000. 79.83% of the stock is owned by institutional investors and hedge funds.

Shares of C traded up $4.16 during trading hours on Thursday, hitting $46.02. 31,526,258 shares of the stock traded hands, compared to its average volume of 21,348,805. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.41. Citigroup Inc has a 1-year low of $32.00 and a 1-year high of $83.11. The firm has a market capitalization of $85.31 billion, a PE ratio of 5.72, a price-to-earnings-growth ratio of 0.46 and a beta of 1.76. The business has a fifty day moving average of $63.58 and a 200-day moving average of $71.65.

Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, January 14th. The financial services provider reported $1.90 EPS for the quarter, topping the Zacks’ consensus estimate of $1.86 by $0.04. Citigroup had a return on equity of 10.32% and a net margin of 18.75%. The firm had revenue of $18.38 billion during the quarter, compared to analyst estimates of $17.95 billion. During the same period last year, the company earned $1.64 earnings per share. The company’s revenue was up 7.3% on a year-over-year basis. As a group, equities research analysts expect that Citigroup Inc will post 8.48 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 3rd were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 4.43%. The ex-dividend date of this dividend was Friday, January 31st. Citigroup’s dividend payout ratio is 26.91%.

Several analysts have recently weighed in on C shares. Royal Bank of Canada reaffirmed a “buy” rating and set a $84.00 price objective on shares of Citigroup in a report on Sunday, January 19th. Goldman Sachs Group increased their price target on Citigroup from $84.00 to $88.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Odeon Capital Group cut Citigroup from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. ValuEngine upgraded Citigroup from a “strong sell” rating to a “sell” rating in a research report on Friday, March 13th. Finally, Morgan Stanley reduced their price objective on Citigroup from $91.00 to $79.00 and set an “overweight” rating on the stock in a research note on Monday, March 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have given a buy rating to the company’s stock. Citigroup presently has a consensus rating of “Buy” and an average target price of $89.34.

About Citigroup

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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