Pictet North America Advisors SA raised its stake in Citigroup Inc. (NYSE:C) by 14.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 69,979 shares of the financial services provider’s stock after purchasing an additional 8,649 shares during the quarter. Pictet North America Advisors SA’s holdings in Citigroup were worth $4,680,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently modified their holdings of C. Catamount Wealth Management bought a new position in shares of Citigroup in the second quarter valued at approximately $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its holdings in shares of Citigroup by 206.0% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock valued at $102,000 after acquiring an additional 1,030 shares in the last quarter. Patten Group Inc. grew its holdings in shares of Citigroup by 6.6% in the first quarter. Patten Group Inc. now owns 1,765 shares of the financial services provider’s stock valued at $105,000 after acquiring an additional 110 shares in the last quarter. Dubuque Bank & Trust Co. grew its holdings in Citigroup by 60.8% during the second quarter. Dubuque Bank & Trust Co. now owns 1,584 shares of the financial services provider’s stock valued at $106,000 after purchasing an additional 599 shares during the period. Finally, Advantage Investment Management LLC grew its holdings in Citigroup by 109.3% during the first quarter. Advantage Investment Management LLC now owns 1,965 shares of the financial services provider’s stock valued at $118,000 after purchasing an additional 1,026 shares during the period. 78.10% of the stock is owned by hedge funds and other institutional investors.
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Shares of Citigroup Inc. (C) traded down $0.18 during midday trading on Friday, hitting $72.25. 12,852,601 shares of the stock traded hands, compared to its average volume of 17,054,582. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market cap of $191,505.06, a PE ratio of 13.96, a price-to-earnings-growth ratio of 1.42 and a beta of 1.57. Citigroup Inc. has a 52-week low of $51.60 and a 52-week high of $76.14.
Citigroup (NYSE:C) last posted its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.10. The company had revenue of $18.17 billion for the quarter, compared to analyst estimates of $17.87 billion. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.24 EPS. equities analysts forecast that Citigroup Inc. will post 5.29 EPS for the current fiscal 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 paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 1.77%. Citigroup’s dividend payout ratio is currently 24.66%.
A number of equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $75.00 price objective on shares of Citigroup in a research report on Friday, July 14th. Credit Suisse Group restated an “outperform” rating and set a $72.00 price target (up previously from $64.00) on shares of Citigroup in a research report on Monday, July 17th. Nomura raised their price target on Citigroup from $74.00 to $78.00 and gave the company a “buy” rating in a research report on Monday, July 17th. BMO Capital Markets downgraded Citigroup from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $67.43 to $65.00 in a research report on Monday, July 31st. They noted that the move was a valuation call. Finally, Vetr downgraded Citigroup from a “strong-buy” rating to a “buy” rating and set a $76.22 price objective on the stock. in a report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Citigroup currently has a consensus rating of “Buy” and a consensus target price of $74.77.
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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