Entropy Technologies LP Makes New Investment in Citigroup Inc. (NYSE:C)

Entropy Technologies LP bought a new position in shares of Citigroup Inc. (NYSE:C) during the fourth quarter, Holdings Channel reports. The fund bought 36,541 shares of the company’s stock, valued at approximately $2,572,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new stake in Citigroup during the 3rd quarter worth approximately $31,000. Northwest Investment Counselors LLC acquired a new position in shares of Citigroup in the 3rd quarter worth approximately $28,000. Webster Bank N. A. lifted its position in shares of Citigroup by 150.0% in the 4th quarter. Webster Bank N. A. now owns 500 shares of the company’s stock worth $35,000 after purchasing an additional 300 shares during the period. GHP Investment Advisors Inc. lifted its position in shares of Citigroup by 184.0% in the 3rd quarter. GHP Investment Advisors Inc. now owns 568 shares of the company’s stock worth $36,000 after purchasing an additional 368 shares during the period. Finally, Berbice Capital Management LLC acquired a new position in shares of Citigroup in the 4th quarter worth approximately $42,000. 71.72% of the stock is owned by institutional investors.

Citigroup Stock Performance

C opened at $81.73 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.50. The company’s fifty day moving average price is $74.67 and its two-hundred day moving average price is $67.16. Citigroup Inc. has a 1-year low of $52.24 and a 1-year high of $82.91. The company has a market cap of $154.57 billion, a price-to-earnings ratio of 13.74, a PEG ratio of 0.65 and a beta of 1.44.

Citigroup (NYSE:C) last released its quarterly earnings data on Wednesday, January 15th. The company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.12. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. The firm had revenue of $19.58 billion for the quarter, compared to the consensus estimate of $19.51 billion. During the same quarter in the prior year, the company posted $0.84 earnings per share. The business’s revenue was up 12.3% on a year-over-year basis. On average, analysts expect that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup announced that its board has initiated a stock buyback program on Wednesday, January 15th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the company to buy up to 13.5% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Monday, February 3rd will be paid a $0.56 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.24 annualized dividend and a dividend yield of 2.74%. Citigroup’s payout ratio is 37.65%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Evercore ISI boosted their price target on shares of Citigroup from $69.00 to $79.00 and gave the stock an “in-line” rating in a research report on Thursday, January 16th. Barclays upgraded shares of Citigroup from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $70.00 to $95.00 in a research report on Monday, January 6th. The Goldman Sachs Group boosted their price target on shares of Citigroup from $77.00 to $86.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Morgan Stanley boosted their target price on shares of Citigroup from $104.00 to $109.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Citigroup from $85.00 to $92.00 and gave the company an “outperform” rating in a research report on Thursday, January 16th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.93.

About Citigroup

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.