Northpointe Capital LLC Has $5.19 Million Position in Citigroup Inc (C)

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Northpointe Capital LLC increased its stake in shares of Citigroup Inc (NYSE:C) by 34.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 83,465 shares of the financial services provider’s stock after acquiring an additional 21,602 shares during the period. Citigroup comprises 1.6% of Northpointe Capital LLC’s holdings, making the stock its 14th largest position. Northpointe Capital LLC’s holdings in Citigroup were worth $5,193,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of C. Evolution Wealth Advisors LLC acquired a new stake in Citigroup in the fourth quarter valued at approximately $29,000. Larson Financial Group LLC acquired a new stake in Citigroup in the fourth quarter valued at approximately $29,000. Signet Investment Advisory Group Inc. acquired a new stake in Citigroup in the fourth quarter valued at approximately $32,000. Blume Capital Management Inc. grew its holdings in Citigroup by 4,615.4% in the fourth quarter. Blume Capital Management Inc. now owns 613 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 600 shares during the period. Finally, Acima Private Wealth LLC acquired a new stake in Citigroup in the fourth quarter valued at approximately $33,000. 71.30% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Michael Whitaker sold 7,000 shares of Citigroup stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $63.24, for a total value of $442,680.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider W. Bradford Hu sold 5,420 shares of Citigroup stock in a transaction on Friday, February 15th. The shares were sold at an average price of $64.27, for a total value of $348,343.40. The disclosure for this sale can be found here. 0.09% of the stock is owned by company insiders.

C stock opened at $69.67 on Monday. The company has a quick ratio of 0.99, a current ratio of 1.01 and a debt-to-equity ratio of 1.36. The firm has a market cap of $179.06 billion, a price-to-earnings ratio of 10.48, a price-to-earnings-growth ratio of 0.80 and a beta of 1.67. Citigroup Inc has a 52-week low of $48.42 and a 52-week high of $75.24.

Citigroup (NYSE:C) last posted its earnings results on Monday, April 15th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.09. The company had revenue of $18.58 billion during the quarter, compared to analysts’ expectations of $18.56 billion. Citigroup had a return on equity of 10.05% and a net margin of 18.32%. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.68 earnings per share. As a group, equities research analysts anticipate that Citigroup Inc will post 7.55 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be paid a dividend of $0.45 per share. The ex-dividend date is Friday, May 3rd. This represents a $1.80 annualized dividend and a yield of 2.58%. Citigroup’s dividend payout ratio (DPR) is 27.07%.

Several brokerages have commented on C. ValuEngine raised Citigroup from a “sell” rating to a “hold” rating in a report on Thursday. Zacks Investment Research raised Citigroup from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. UBS Group raised their price objective on Citigroup from $78.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Morgan Stanley raised their price objective on Citigroup from $76.00 to $81.00 and gave the company an “overweight” rating in a report on Tuesday, April 16th. Finally, BMO Capital Markets raised their target price on Citigroup from $92.00 to $93.00 and gave the company an “outperform” rating in a research report on Monday, April 15th. Five equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $80.61.

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Citigroup Company Profile

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

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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