Balter Liquid Alternatives LLC acquired a new position in Citigroup Inc. (NYSE:C) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,410 shares of the financial services provider’s stock, valued at approximately $1,833,000. Citigroup makes up approximately 2.1% of Balter Liquid Alternatives LLC’s investment portfolio, making the stock its 11th largest position.
A number of other institutional investors have also recently added to or reduced their stakes in C. Waldron LP raised its position in shares of Citigroup by 21.2% during the first quarter. Waldron LP now owns 7,301 shares of the financial services provider’s stock valued at $436,000 after buying an additional 1,276 shares during the last quarter. LS Investment Advisors LLC raised its position in shares of Citigroup by 7.6% during the first quarter. LS Investment Advisors LLC now owns 95,219 shares of the financial services provider’s stock valued at $5,696,000 after buying an additional 6,765 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of Citigroup by 2.1% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 4,425 shares of the financial services provider’s stock valued at $265,000 after buying an additional 93 shares during the last quarter. Private Wealth Advisors Inc. acquired a new position in Citigroup in the first quarter worth about $316,000. Finally, World Asset Management Inc raised its position in Citigroup by 6.6% in the first quarter. World Asset Management Inc now owns 291,584 shares of the financial services provider’s stock worth $17,443,000 after purchasing an additional 18,068 shares in the last quarter. 72.16% of the stock is owned by hedge funds and other institutional investors.
C has been the topic of several research analyst reports. Wells Fargo & Company initiated coverage on shares of Citigroup in a research note on Wednesday, August 9th. They set an “outperform” rating and a $90.00 price objective on the stock. Zacks Investment Research raised shares of Citigroup from a “sell” rating to a “hold” rating in a research note on Friday, July 7th. HSBC Holdings plc set a $74.00 price target on shares of Citigroup and gave the company a “hold” rating in a research note on Friday, August 11th. Morgan Stanley increased their price target on shares of Citigroup from $73.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, October 13th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $68.00 price objective on shares of Citigroup in a research note on Friday, July 7th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Citigroup presently has a consensus rating of “Buy” and a consensus price target of $74.77.
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In other news, CEO Francisco Aristeguieta sold 40,000 shares of the firm’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $67.55, for a total transaction of $2,702,000.00. Following the sale, the chief executive officer now owns 77,570 shares in the company, valued at $5,239,853.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey R. Walsh sold 5,000 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $68.97, for a total value of $344,850.00. Following the sale, the insider now owns 56,394 shares in the company, valued at approximately $3,889,494.18. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.
Citigroup Inc. (C) opened at 73.79 on Friday. The stock has a 50 day moving average of $71.88 and a 200-day moving average of $66.15. The company has a market cap of $195.10 billion, a P/E ratio of 14.24 and a beta of 1.45. Citigroup Inc. has a 12 month low of $47.70 and a 12 month high of $76.14.
Citigroup (NYSE:C) last announced its earnings results on Thursday, October 12th. The financial services provider reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.10. The firm had revenue of $18.17 billion for the quarter, compared to analysts’ expectations of $17.87 billion. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. Citigroup’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.24 EPS. Equities research analysts expect that Citigroup Inc. will post $5.32 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Monday, November 6th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend is Friday, November 3rd. Citigroup’s dividend payout ratio (DPR) is presently 24.66%.
Citigroup Company Profile
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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