Citigroup Inc (C) Shares Bought by Wade G W & Inc.

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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About Citigroup

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.

Institutional Ownership by Quarter for Citigroup (NYSE:C)

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