Balboa Wealth Partners boosted its stake in Citigroup Inc. (NYSE:C – Free Report) by 39.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,955 shares of the company’s stock after acquiring an additional 1,117 shares during the period. Balboa Wealth Partners’ holdings in Citigroup were worth $337,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in the stock. Goldman Sachs Group Inc. raised its position in shares of Citigroup by 179.5% in the first quarter. Goldman Sachs Group Inc. now owns 14,534,297 shares of the company’s stock valued at $1,031,790,000 after purchasing an additional 9,334,038 shares during the period. Nuveen LLC bought a new stake in shares of Citigroup in the first quarter valued at approximately $578,100,000. Amundi raised its position in shares of Citigroup by 78.4% in the first quarter. Amundi now owns 13,713,517 shares of the company’s stock valued at $973,523,000 after purchasing an additional 6,026,268 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Citigroup by 6.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 41,101,459 shares of the company’s stock valued at $2,917,794,000 after purchasing an additional 2,539,769 shares during the period. Finally, B. Metzler seel. Sohn & Co. AG raised its position in shares of Citigroup by 2,230.8% in the first quarter. B. Metzler seel. Sohn & Co. AG now owns 2,630,308 shares of the company’s stock valued at $186,726,000 after purchasing an additional 2,517,459 shares during the period. Institutional investors own 71.72% of the company’s stock.
Citigroup Price Performance
Shares of NYSE:C opened at $99.18 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.62. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $105.59. The stock has a market cap of $182.58 billion, a P/E ratio of 13.93, a P/E/G ratio of 0.82 and a beta of 1.37. The company has a 50 day moving average of $97.72 and a 200 day moving average of $85.15.
Citigroup Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Monday, November 3rd will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Monday, November 3rd. Citigroup’s payout ratio is currently 33.71%.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on C shares. Oppenheimer lowered their price target on shares of Citigroup from $124.00 to $123.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 23rd. TD Cowen boosted their price target on shares of Citigroup from $105.00 to $110.00 and gave the company a “hold” rating in a research report on Wednesday, October 15th. Evercore ISI set a $77.00 price target on shares of Citigroup in a research report on Monday, July 7th. Bank of America boosted their price objective on shares of Citigroup from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Finally, Cowen reaffirmed a “hold” rating and set a $110.00 price objective on shares of Citigroup in a research note on Wednesday, October 15th. Eleven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Citigroup currently has an average rating of “Moderate Buy” and an average price target of $107.63.
Check Out Our Latest Stock Analysis on Citigroup
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.
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