Tennessee Valley Asset Management Partners Takes Position in Citigroup Inc. (NYSE:C)

Tennessee Valley Asset Management Partners bought a new position in shares of Citigroup Inc. (NYSE:C) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 751 shares of the company’s stock, valued at approximately $39,000.

Other large investors also recently made changes to their positions in the company. Carmel Capital Partners LLC bought a new position in shares of Citigroup during the third quarter worth approximately $25,000. GHP Investment Advisors Inc. increased its stake in Citigroup by 73.8% during the 3rd 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. AlphaMark Advisors LLC increased its stake in Citigroup by 75.0% during the 3rd 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. Venturi Wealth Management LLC increased its stake in Citigroup by 52.5% during the 4th quarter. Venturi Wealth Management LLC now owns 796 shares of the company’s stock worth $41,000 after acquiring an additional 274 shares during the period. Finally, Blue Bell Private Wealth Management LLC increased its stake in Citigroup by 40.5% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 867 shares of the company’s stock worth $45,000 after acquiring an additional 250 shares during the period. Institutional investors own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Jefferies Financial Group raised their price objective on Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a research note on Monday, April 8th. Wolfe Research upgraded Citigroup from a “peer perform” rating to an “outperform” rating and set a $58.00 price objective on the stock in a research note on Wednesday, January 3rd. The Goldman Sachs Group restated a “buy” rating on shares of Citigroup in a research note on Monday, April 1st. Evercore ISI raised their price objective on Citigroup from $58.00 to $60.00 and gave the stock an “in-line” rating in a research note on Thursday, April 4th. Finally, Societe Generale lowered Citigroup from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $62.91.

Citigroup Trading Up 2.8 %

NYSE C opened at $62.66 on Wednesday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50. Citigroup Inc. has a twelve month low of $38.17 and a twelve month high of $63.90. The company has a market cap of $120.00 billion, a price-to-earnings ratio of 18.54, a price-to-earnings-growth ratio of 0.89 and a beta of 1.52. The business’s fifty day moving average is $58.64 and its 200 day moving average is $51.62.

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 the consensus estimate of $1.29 by $0.29. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The company had revenue of $21.10 billion for the quarter, compared to the consensus estimate of $20.46 billion. During the same quarter last year, the business posted $1.86 EPS. Citigroup’s revenue for the quarter was down 1.6% on a year-over-year basis. As a group, sell-side analysts expect that Citigroup Inc. will post 5.97 EPS for the current fiscal year.

Citigroup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 3.38%. The ex-dividend date is Friday, May 3rd. Citigroup’s 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.