Calamos Wealth Management LLC grew its stake in shares of Citigroup Inc. (NYSE:C) by 107.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 97,102 shares of the financial services provider’s stock after purchasing an additional 50,272 shares during the quarter. Citigroup accounts for 1.0% of Calamos Wealth Management LLC’s investment portfolio, making the stock its 27th biggest position. Calamos Wealth Management LLC’s holdings in Citigroup were worth $7,063,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. increased its position in shares of Citigroup by 2,718.7% during the first quarter. BlackRock Inc. now owns 196,415,461 shares of the financial services provider’s stock worth $11,749,573,000 after acquiring an additional 189,447,104 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Citigroup by 2.5% during the first quarter. Vanguard Group Inc. now owns 183,198,941 shares of the financial services provider’s stock worth $10,958,960,000 after acquiring an additional 4,391,347 shares during the last quarter. FMR LLC increased its position in shares of Citigroup by 3.8% during the second quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock worth $7,343,721,000 after acquiring an additional 4,061,637 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Citigroup by 6.8% during the second quarter. Bank of New York Mellon Corp now owns 46,110,561 shares of the financial services provider’s stock worth $3,083,874,000 after acquiring an additional 2,943,282 shares during the last quarter. Finally, Harris Associates L P increased its position in shares of Citigroup by 0.5% during the second quarter. Harris Associates L P now owns 41,350,951 shares of the financial services provider’s stock worth $2,765,551,000 after acquiring an additional 221,171 shares during the last quarter. 78.59% of the stock is currently owned by institutional investors and hedge funds.
Citigroup Inc. (C) opened at $75.14 on Thursday. The company has a market capitalization of $201,340.75, a P/E ratio of 14.67, a PEG ratio of 1.49 and a beta of 1.55. Citigroup Inc. has a fifty-two week low of $55.23 and a fifty-two week 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 posted its earnings results on Thursday, October 12th. The financial services provider reported $1.42 EPS for the quarter, beating 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 business’s revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.24 earnings per share. sell-side analysts predict that Citigroup Inc. will post 5.3 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Monday, November 6th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.70%. The ex-dividend date was Friday, November 3rd. Citigroup’s dividend payout ratio (DPR) is presently 24.66%.
Several analysts recently weighed in on C shares. Atlantic Securities reissued an “overweight” rating and issued a $85.00 price objective (up from $75.00) on shares of Citigroup in a report on Tuesday, September 26th. Bank of America reissued a “neutral” rating on shares of Citigroup in a report on Wednesday, October 11th. Raymond James Financial started coverage on Citigroup in a report on Tuesday, October 31st. They issued a “hold” rating for the company. Vetr lowered Citigroup from a “buy” rating to a “hold” rating and set a $76.38 price objective for the company. in a report on Wednesday, November 29th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $65.00 price objective on shares of Citigroup in a report on Friday, October 6th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $75.97.
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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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