Fulton Bank N.A. Acquires 1,369 Shares of Citigroup Inc. (NYSE:C)

Fulton Bank N.A. raised its holdings in Citigroup Inc. (NYSE:CFree Report) by 11.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,732 shares of the company’s stock after acquiring an additional 1,369 shares during the period. Fulton Bank N.A.’s holdings in Citigroup were worth $706,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of C. Carmel Capital Partners LLC acquired a new stake in shares of Citigroup during the third quarter valued at about $25,000. SkyView Investment Advisors LLC acquired a new position in shares of Citigroup in the first quarter worth approximately $28,000. Union Savings Bank acquired a new position in shares of Citigroup in the second quarter worth approximately $30,000. GHP Investment Advisors Inc. lifted its stake in shares of Citigroup by 73.8% in the third quarter. GHP Investment Advisors Inc. now owns 683 shares of the company’s stock worth $28,000 after acquiring an additional 290 shares during the period. Finally, AlphaMark Advisors LLC lifted its stake in shares of Citigroup by 75.0% in the third quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock worth $29,000 after acquiring an additional 300 shares during the period. Institutional investors own 69.26% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Morgan Stanley raised Citigroup from an “underweight” rating to an “overweight” rating and lifted their price objective for the stock from $46.00 to $65.00 in a research note on Tuesday, January 30th. BMO Capital Markets lowered Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 price objective on the stock. in a research note on Wednesday, January 10th. HSBC raised Citigroup from a “hold” rating to a “buy” rating and boosted their price target for the company from $42.00 to $61.00 in a research note on Tuesday, January 9th. Societe Generale lowered Citigroup from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. Finally, Barclays boosted their price target on Citigroup from $59.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $57.97.

Get Our Latest Research Report on Citigroup

Citigroup Stock Up 0.9 %

C stock opened at $57.62 on Friday. The stock’s fifty day simple moving average is $54.77 and its two-hundred day simple moving average is $47.82. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.52. Citigroup Inc. has a 1-year low of $38.17 and a 1-year high of $58.67. The stock has a market cap of $110.13 billion, a P/E ratio of 14.44, a P/E/G ratio of 1.59 and a beta of 1.50.

Citigroup (NYSE:CGet Free Report) 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 return on equity of 6.49% and a net margin of 5.88%. The business had revenue of $17.44 billion during the quarter, compared to analysts’ expectations of $18.71 billion. During the same period in the prior year, the firm posted $1.10 EPS. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. Analysts expect that Citigroup Inc. will post 5.88 EPS for the current year.

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Monday, February 5th were given a dividend of $0.53 per share. The ex-dividend date was Friday, February 2nd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.68%. Citigroup’s dividend payout ratio is presently 53.13%.

Citigroup Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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