Northpointe Capital LLC cut its holdings in shares of Citigroup Inc. (NYSE:C) by 10.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 105,813 shares of the financial services provider’s stock after selling 12,613 shares during the quarter. Northpointe Capital LLC’s holdings in Citigroup were worth $7,697,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Vantage Financial Partners Ltd. Inc. bought a new stake in Citigroup during the second quarter valued at about $1,034,000. Catamount Wealth Management bought a new stake in Citigroup during the second quarter valued at about $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its holdings in Citigroup by 206.0% during 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 during the period. Balentine LLC raised its holdings in Citigroup by 20.2% during the second quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 272 shares during the period. Finally, Acrospire Investment Management LLC increased its holdings in shares of Citigroup by 21.4% in the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 300 shares during the last quarter. 78.59% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have recently issued reports on the company. Nomura lifted their target price on Citigroup to $84.00 and gave the stock a “buy” rating in a report on Monday. Vetr raised Citigroup from a “hold” rating to a “buy” rating and set a $80.92 target price on the stock in a report on Monday, December 4th. Raymond James Financial assumed coverage on Citigroup in a report on Tuesday, October 31st. They issued a “hold” rating on the stock. BidaskClub cut Citigroup from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 17th. Finally, Societe Generale cut Citigroup from a “hold” rating to a “sell” rating and set a $65.00 target price on the stock. in a report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $75.97.
Citigroup Inc. (NYSE C) traded up $0.01 on Monday, reaching $75.72. The company had a trading volume of 1,747,332 shares, compared to its average volume of 16,881,119. The stock has a market capitalization of $200,180.00, a price-to-earnings ratio of 14.59, a P/E/G ratio of 1.48 and a beta of 1.55. Citigroup Inc. has a 12 month low of $55.23 and a 12 month high of $77.92. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.11.
Citigroup (NYSE:C) last released its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.32 by $0.10. The company had revenue of $18.17 billion during the quarter, compared to analyst estimates of $17.87 billion. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The firm’s revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the business posted $1.24 earnings per share. analysts predict that Citigroup Inc. will post 5.31 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Monday, November 6th were given a $0.32 dividend. The ex-dividend date was Friday, November 3rd. This represents a $1.28 annualized dividend and a yield of 1.69%. Citigroup’s dividend payout ratio is currently 24.66%.
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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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