Kornitzer Capital Management Inc. KS Acquires 200 Shares of Citigroup Inc. (NYSE:C)

Kornitzer Capital Management Inc. KS lifted its holdings in shares of Citigroup Inc. (NYSE:C) by 0.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 24,630 shares of the company’s stock after buying an additional 200 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Citigroup were worth $1,267,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in C. Massachusetts Wealth Management grew its holdings in Citigroup by 0.5% in the 4th quarter. Massachusetts Wealth Management now owns 39,782 shares of the company’s stock worth $2,046,000 after acquiring an additional 192 shares during the last quarter. Founders Capital Management grew its holdings 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 acquiring an additional 200 shares during the last quarter. Cowa LLC grew its holdings in Citigroup by 3.1% in the 4th quarter. Cowa LLC now owns 6,600 shares of the company’s stock worth $340,000 after acquiring an additional 200 shares during the last quarter. CENTRAL TRUST Co grew its holdings in Citigroup by 5.6% in 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. Finally, Sippican Capital Advisors grew its holdings in Citigroup by 0.6% in the 4th quarter. Sippican Capital Advisors now owns 39,234 shares of the company’s stock worth $2,018,000 after acquiring an additional 219 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on C. Evercore ISI raised their price target on shares of Citigroup from $58.00 to $60.00 and gave the stock an “in-line” rating in a report on Thursday, April 4th. Jefferies Financial Group raised their target price on shares of Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a research report on Monday, April 8th. StockNews.com raised shares of Citigroup from a “sell” rating to a “hold” rating in a research report on Tuesday, March 19th. BMO Capital Markets cut shares of Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 target price for the company. in a research report on Wednesday, January 10th. Finally, Morgan Stanley raised shares of Citigroup from an “underweight” rating to an “overweight” rating and raised their target price for the stock from $46.00 to $65.00 in a research report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.91.

Citigroup Stock Up 1.4 %

NYSE:C opened at $59.14 on Monday. The firm has a market cap of $113.27 billion, a P/E ratio of 17.50, a P/E/G ratio of 0.90 and a beta of 1.52. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.95 and a current ratio of 0.95. Citigroup Inc. has a fifty-two week low of $38.17 and a fifty-two week high of $63.90. The firm has a 50-day simple moving average of $58.30 and a two-hundred day simple moving average of $51.32.

Citigroup (NYSE:C) last released its quarterly earnings data on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.29. The business had revenue of $21.10 billion during the quarter, compared to analyst estimates of $20.46 billion. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. Citigroup’s revenue was down 1.6% compared to the same quarter last year. During the same period last year, the business earned $1.86 EPS. Analysts predict that Citigroup Inc. will post 5.97 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 6th will be paid a $0.53 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.58%. Citigroup’s dividend payout ratio is presently 62.72%.

Citigroup 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.