Achmea Investment Management B.V. lessened its holdings in Citigroup Inc. (NYSE:C) by 12.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 166,056 shares of the financial services provider’s stock after selling 22,945 shares during the quarter. Citigroup accounts for 0.7% of Achmea Investment Management B.V.’s investment portfolio, making the stock its 29th biggest position. Achmea Investment Management B.V.’s holdings in Citigroup were worth $11,103,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of C. Investors Asset Management of Georgia Inc. GA ADV increased its position in shares of Citigroup by 0.8% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 5,359 shares of the financial services provider’s stock valued at $358,000 after acquiring an additional 40 shares during the period. Leisure Capital Management increased its position in shares of Citigroup by 1.6% in the second quarter. Leisure Capital Management now owns 3,763 shares of the financial services provider’s stock valued at $252,000 after acquiring an additional 59 shares during the period. Regal Investment Advisors LLC increased its position in shares of Citigroup by 2.0% in the first quarter. Regal Investment Advisors LLC now owns 3,800 shares of the financial services provider’s stock valued at $227,000 after acquiring an additional 74 shares during the period. Halbert Hargrove Russell LLC increased its position in shares of Citigroup by 1.6% in the second quarter. Halbert Hargrove Russell LLC now owns 4,736 shares of the financial services provider’s stock valued at $317,000 after acquiring an additional 74 shares during the period. Finally, Usca Ria LLC increased its position in shares of Citigroup by 0.3% in the second quarter. Usca Ria LLC now owns 34,375 shares of the financial services provider’s stock valued at $2,299,000 after acquiring an additional 90 shares during the period. Institutional investors own 78.59% of the company’s stock.
Citigroup Inc. (NYSE:C) opened at $77.10 on Tuesday. Citigroup Inc. has a 52-week low of $55.23 and a 52-week high of $77.92. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market cap of $199,648.59, a PE ratio of 14.55, a P/E/G ratio of 1.48 and a beta of 1.55.
Citigroup (NYSE:C) last posted its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $17.87 billion. During the same quarter in the previous year, the firm posted $1.24 earnings per share. Citigroup’s quarterly revenue was up 2.3% on a year-over-year basis. research analysts forecast that Citigroup Inc. will post 5.31 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Monday, November 6th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend was Friday, November 3rd. Citigroup’s payout ratio is currently 24.66%.
A number of equities analysts have issued reports on C shares. Wells Fargo & Company started coverage on shares of Citigroup in a research report on Wednesday, August 9th. They issued an “outperform” rating and a $90.00 price objective on the stock. set a $74.00 price objective on shares of Citigroup and gave the company a “hold” rating in a research report on Friday, August 11th. Keefe, Bruyette & Woods set a $75.00 price objective on shares of Citigroup and gave the company a “buy” rating in a research report on Sunday, August 13th. ValuEngine upgraded shares of Citigroup from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Finally, Societe Generale upgraded shares of Citigroup from a “sell” rating to a “hold” rating and boosted their price objective for the company from $63.00 to $70.00 in a research report on Monday, September 11th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $75.83.
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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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