MCIA Inc Invests $594,000 in Citigroup Inc. (NYSE:C)

MCIA Inc purchased a new stake in shares of Citigroup Inc. (NYSE:C – Get Rating) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 11,759 shares of the company’s stock, valued at approximately $594,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Disciplined Investments LLC bought a new stake in shares of Citigroup during the fourth quarter valued at approximately $26,000. Outfitter Financial LLC bought a new stake in shares of Citigroup during the fourth quarter valued at approximately $30,000. Gordian Capital Singapore Pte Ltd bought a new stake in shares of Citigroup during the fourth quarter valued at approximately $31,000. FSB Premier Wealth Management Inc. bought a new stake in shares of Citigroup during the fourth quarter valued at approximately $31,000. Finally, AHL Investment Management Inc. bought a new stake in shares of Citigroup during the fourth quarter valued at approximately $32,000. Institutional investors own 74.91% of the company’s stock.

Citigroup stock traded down $0.18 during mid-day trading on Wednesday, reaching $47.78. 244,673 shares of the stock traded hands, compared to its average volume of 20,302,040. The stock has a market capitalization of $94.65 billion, a PE ratio of 5.66, a price-to-earnings-growth ratio of 0.60 and a beta of 1.60. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.92 and a quick ratio of 0.92. Citigroup Inc. has a 12-month low of $45.40 and a 12-month high of $74.64. The business’s 50-day moving average is $50.28 and its 200-day moving average is $57.02.

Citigroup (NYSE:C – Get Rating) last posted its quarterly earnings data on Thursday, April 14th. The company reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.28. The company had revenue of $19.16 billion during the quarter, compared to analysts’ expectations of $18.12 billion. Citigroup had a return on equity of 10.96% and a net margin of 22.95%. Citigroup’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.62 earnings per share. Equities analysts anticipate that Citigroup Inc. will post 6.95 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, May 27th. Shareholders of record on Monday, May 2nd were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 4.27%. The ex-dividend date was Friday, April 29th. Citigroup’s dividend payout ratio is presently 24.06%.

C has been the topic of several analyst reports. Oppenheimer dropped their target price on Citigroup from $100.00 to $93.00 in a report on Tuesday, May 3rd. Atlantic Securities downgraded Citigroup from an “overweight” rating to a “neutral” rating and set a $70.00 target price on the stock. in a report on Thursday, March 3rd. Keefe, Bruyette & Woods downgraded Citigroup from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $81.00 to $64.00 in a report on Thursday, March 3rd. Morgan Stanley downgraded Citigroup from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $75.00 to $60.00 in a report on Monday, March 28th. Finally, Barclays dropped their target price on Citigroup from $73.00 to $67.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $69.87.

Citigroup Company Profile (Get Rating)

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

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