Mosaic Family Wealth LLC trimmed its holdings in Citigroup Inc. (NYSE:C) by 15.3% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 10,605 shares of the financial services provider’s stock after selling 1,923 shares during the quarter. Mosaic Family Wealth LLC’s holdings in Citigroup were worth $772,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Catamount Wealth Management bought a new stake in Citigroup during the 2nd quarter valued at $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its holdings in Citigroup by 206.0% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock valued at $102,000 after buying an additional 1,030 shares during the last quarter. Balentine LLC raised its holdings in Citigroup by 20.2% during the 2nd quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock valued at $108,000 after buying an additional 272 shares during the last quarter. Acrospire Investment Management LLC raised its holdings in Citigroup by 21.4% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock valued at $114,000 after buying an additional 300 shares during the last quarter. Finally, Shine Investment Advisory Services Inc. bought a new stake in Citigroup during the 2nd quarter valued at $123,000. Hedge funds and other institutional investors own 78.59% of the company’s stock.
Citigroup Inc. (NYSE:C) opened at $73.92 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.11. The stock has a market cap of $198,670.31, a price-to-earnings ratio of 14.48, a price-to-earnings-growth ratio of 1.47 and a beta of 1.55. Citigroup Inc. has a 1 year low of $55.23 and a 1 year high of $77.92.
Citigroup (NYSE:C) last issued its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.10. The business had revenue of $18.17 billion for the quarter, compared to the consensus estimate of $17.87 billion. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.24 EPS. equities research analysts predict that Citigroup Inc. will post 5.3 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Monday, November 6th were given 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 was Friday, November 3rd. Citigroup’s payout ratio is currently 24.66%.
A number of equities research analysts recently commented on C shares. ValuEngine upgraded shares of Citigroup from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Credit Suisse Group reiterated a “buy” rating and set a $73.00 price target on shares of Citigroup in a report on Wednesday, September 13th. Raymond James Financial started coverage on shares of Citigroup in a report on Tuesday, October 31st. They set a “hold” rating for the company. Morgan Stanley upped their price target on shares of Citigroup from $73.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, October 13th. Finally, Jefferies Group set a $81.00 price target on shares of Citigroup and gave the company a “neutral” rating in a report on Thursday, October 12th. One 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. Citigroup currently has an average rating of “Buy” and a consensus target price of $76.54.
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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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