Planned Solutions Inc. Takes $94,000 Position in Citigroup Inc. (NYSE:C)

Planned Solutions Inc. bought a new position in shares of Citigroup Inc. (NYSE:C) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,832 shares of the company’s stock, valued at approximately $94,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Carmel Capital Partners LLC acquired a new stake in Citigroup during the 3rd quarter worth $25,000. GHP Investment Advisors Inc. boosted its holdings in Citigroup by 73.8% in the 3rd quarter. GHP Investment Advisors Inc. now owns 683 shares of the company’s stock valued at $28,000 after purchasing an additional 290 shares in the last quarter. SkyView Investment Advisors LLC acquired a new position in Citigroup during the 1st quarter worth approximately $28,000. AlphaMark Advisors LLC grew its stake in shares of Citigroup by 75.0% during the 3rd quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock worth $29,000 after purchasing an additional 300 shares during the period. Finally, Union Savings Bank acquired a new stake in shares of Citigroup during the 2nd quarter valued at approximately $30,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. TheStreet raised shares of Citigroup from a “c+” rating to a “b-” rating in a research report on Wednesday, December 13th. Societe Generale lowered Citigroup from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. Wolfe Research upgraded Citigroup from a “peer perform” rating to an “outperform” rating and set a $58.00 price objective for the company in a report on Wednesday, January 3rd. BMO Capital Markets lowered Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 price target for the company. in a report on Wednesday, January 10th. Finally, Oppenheimer decreased their price target on shares of Citigroup from $95.00 to $88.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $59.56.

Citigroup Stock Up 1.8 %

C stock opened at $62.75 on Thursday. The company’s 50 day simple moving average is $56.06 and its 200-day simple moving average is $48.95. Citigroup Inc. has a 52-week low of $38.17 and a 52-week high of $62.76. The firm has a market capitalization of $120.18 billion, a P/E ratio of 15.73, a P/E/G ratio of 1.72 and a beta of 1.50. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.95 and a quick ratio of 0.95.

Citigroup (NYSE:C) last posted its quarterly earnings data on Friday, January 12th. The company reported ($1.16) earnings per share for the quarter, missing the consensus estimate of $0.73 by ($1.89). Citigroup had a net margin of 5.88% and a return on equity of 6.49%. The business had revenue of $17.44 billion during the quarter, compared to the consensus estimate of $18.71 billion. During the same period in the prior year, the company posted $1.10 earnings per share. The firm’s revenue was down 3.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Citigroup Inc. will post 5.83 EPS for the current year.

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Monday, February 5th were paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date was Friday, February 2nd. Citigroup’s dividend payout ratio (DPR) is currently 53.13%.

Citigroup Company Profile

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.