Segment Wealth Management LLC bought a new position in Citigroup Inc. (NYSE:C) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,324 shares of the financial services provider’s stock, valued at approximately $289,000.
Several other hedge funds and other institutional investors have also bought and sold shares of C. Pacer Advisors Inc. grew its stake in shares of Citigroup by 2.6% in the first quarter. Pacer Advisors Inc. now owns 64,042 shares of the financial services provider’s stock worth $3,831,000 after purchasing an additional 1,611 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Citigroup by 2.8% in the first quarter. Nordea Investment Management AB now owns 4,593,786 shares of the financial services provider’s stock worth $274,800,000 after purchasing an additional 126,366 shares during the last quarter. Buckingham Capital Management Inc. grew its stake in shares of Citigroup by 4.8% in the first quarter. Buckingham Capital Management Inc. now owns 17,442 shares of the financial services provider’s stock worth $1,043,000 after purchasing an additional 798 shares during the last quarter. Bank Hapoalim BM lifted its holdings in Citigroup by 9.8% in the first quarter. Bank Hapoalim BM now owns 50,366 shares of the financial services provider’s stock worth $3,013,000 after buying an additional 4,505 shares during the period. Finally, Private Advisor Group LLC lifted its holdings in Citigroup by 38.8% in the first quarter. Private Advisor Group LLC now owns 73,965 shares of the financial services provider’s stock worth $3,513,000 after buying an additional 20,688 shares during the period. 78.15% of the stock is currently owned by institutional investors.
C has been the subject of several research analyst reports. ValuEngine upgraded shares of Citigroup from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Credit Suisse Group restated a “buy” rating and issued a $73.00 price objective on shares of Citigroup in a report on Wednesday, September 13th. Morgan Stanley raised their price objective on shares of Citigroup from $73.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, October 13th. Jefferies Group LLC set a $81.00 price objective on shares of Citigroup and gave the stock a “neutral” rating in a report on Thursday, October 12th. Finally, BMO Capital Markets raised their price objective on shares of Citigroup from $65.00 to $67.00 and gave the stock a “market perform” rating in a report on Friday, October 13th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $74.77.
Shares of Citigroup Inc. (C) opened at $71.99 on Tuesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.01 and a quick ratio of 1.01. Citigroup Inc. has a 1 year low of $53.00 and a 1 year high of $76.14. The company has a market cap of $191,029.14, a P/E ratio of 13.92, a price-to-earnings-growth ratio of 1.42 and a beta of 1.57.
Citigroup (NYSE:C) last posted its earnings results on Thursday, October 12th. The financial services provider reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.10. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The business had revenue of $18.17 billion during the quarter, compared to the consensus estimate of $17.87 billion. During the same quarter in the previous year, the firm posted $1.24 EPS. The firm’s revenue was up 2.3% on a year-over-year basis. equities analysts expect that Citigroup Inc. will post 5.29 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Monday, November 6th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend is Friday, November 3rd. Citigroup’s payout ratio is 24.66%.
Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.
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