Foster & Motley Inc. Acquires Shares of 7,430 Citigroup Inc. (NYSE:C)

Foster & Motley Inc. acquired a new stake in shares of Citigroup Inc. (NYSE:C) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,430 shares of the company’s stock, valued at approximately $382,000.

A number of other institutional investors also recently modified their holdings of C. Massachusetts Wealth Management raised its stake in shares of Citigroup by 0.5% in the fourth quarter. Massachusetts Wealth Management now owns 39,782 shares of the company’s stock worth $2,046,000 after purchasing an additional 192 shares during the last quarter. Founders Capital Management raised its position in Citigroup by 12.5% in the 4th quarter. Founders Capital Management now owns 1,800 shares of the company’s stock worth $93,000 after buying an additional 200 shares during the last quarter. Cowa LLC lifted its stake in Citigroup by 3.1% during the 4th quarter. Cowa LLC now owns 6,600 shares of the company’s stock valued at $340,000 after acquiring an additional 200 shares during the period. Kornitzer Capital Management Inc. KS boosted its holdings in shares of Citigroup by 0.8% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 24,630 shares of the company’s stock valued at $1,267,000 after acquiring an additional 200 shares during the last quarter. Finally, CENTRAL TRUST Co boosted its stake in shares of Citigroup by 5.6% during the 4th quarter. CENTRAL TRUST Co now owns 3,841 shares of the company’s stock worth $198,000 after acquiring an additional 205 shares during the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Citigroup Stock Performance

Shares of NYSE:C opened at $62.47 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.50. Citigroup Inc. has a 12 month low of $38.17 and a 12 month high of $63.90. The company has a market capitalization of $119.65 billion, a price-to-earnings ratio of 18.48, a PEG ratio of 0.94 and a beta of 1.52. The firm’s 50-day moving average is $58.81 and its 200 day moving average is $51.70.

Citigroup (NYSE:C) last released its earnings results on Friday, April 12th. The company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.29. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The firm had revenue of $21.10 billion for the quarter, compared to analysts’ expectations of $20.46 billion. During the same quarter in the prior year, the firm posted $1.86 earnings per share. The company’s quarterly revenue was down 1.6% on a year-over-year basis. Research analysts predict that Citigroup Inc. will post 5.97 EPS for the current year.

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 6th will be paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date is Friday, May 3rd. Citigroup’s dividend payout ratio is currently 62.72%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Evercore ISI boosted their price target on Citigroup from $58.00 to $60.00 and gave the company an “in-line” rating in a report on Thursday, April 4th. Morgan Stanley raised shares of Citigroup from an “underweight” rating to an “overweight” rating and increased their target price for the stock from $46.00 to $65.00 in a report on Tuesday, January 30th. HSBC lifted their price target on shares of Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Wells Fargo & Company reissued an “overweight” rating and issued a $80.00 price objective on shares of Citigroup in a research note on Monday, April 1st. Finally, Societe Generale downgraded shares of Citigroup from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, Citigroup has an average rating of “Moderate Buy” and a consensus price target of $62.91.

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.