Wade G W & Inc. boosted its position in Citigroup Inc (NYSE:C) by 14.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,841 shares of the financial services provider’s stock after purchasing an additional 1,332 shares during the period. Wade G W & Inc.’s holdings in Citigroup were worth $789,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Vantage Financial Partners Ltd. Inc. bought a new stake in shares of Citigroup during the 2nd quarter valued at about $1,034,000. Catamount Wealth Management bought a new stake in shares of Citigroup during the 2nd quarter valued at about $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in shares of 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 purchasing an additional 1,030 shares in the last quarter. Balentine LLC boosted its position in shares of 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 purchasing an additional 272 shares in the last quarter. Finally, Acrospire Investment Management LLC boosted its position in shares of 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 purchasing an additional 300 shares in the last quarter. 78.53% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently commented on C. Deutsche Bank set a $74.00 target price on Citigroup and gave the company a “neutral” rating in a research report on Wednesday. Wells Fargo & Co set a $100.00 target price on Citigroup and gave the company a “buy” rating in a research report on Wednesday. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Citigroup in a research note on Wednesday. Nomura set a $87.00 price target on Citigroup and gave the stock a “buy” rating in a research note on Wednesday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $85.00 price target on shares of Citigroup in a research note on Wednesday. One analyst has rated the stock with a sell rating, eleven have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $79.30.
Shares of Citigroup Inc (NYSE C) opened at $78.30 on Friday. Citigroup Inc has a 52-week low of $55.23 and a 52-week high of $78.44. The company has a market capitalization of $201,231.02, a P/E ratio of -25.26, a P/E/G ratio of 1.49 and a beta of 1.56. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.29.
Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.09. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The business had revenue of $17.26 billion during the quarter, compared to analyst estimates of $17.23 billion. During the same period in the prior year, the company earned $1.14 earnings per share. Citigroup’s revenue was up 1.4% compared to the same quarter last year. research analysts anticipate that Citigroup Inc will post 6.33 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is Friday, February 2nd. Citigroup’s dividend payout ratio (DPR) is -41.29%.
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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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