King Luther Capital Management Corp boosted its position in shares of Citigroup Inc (NYSE:C) by 0.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 197,011 shares of the financial services provider’s stock after purchasing an additional 1,323 shares during the period. King Luther Capital Management Corp’s holdings in Citigroup were worth $14,331,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of C. Catamount Wealth Management purchased a new stake in Citigroup in the 2nd quarter valued at about $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in Citigroup by 206.0% in 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 period. Balentine LLC boosted its position in Citigroup by 20.2% in 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 period. Acrospire Investment Management LLC boosted its position in Citigroup by 21.4% in 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 period. Finally, Shine Investment Advisory Services Inc. purchased a new stake in Citigroup in the 2nd quarter valued at about $123,000. Institutional investors own 78.61% of the company’s stock.
Shares of Citigroup Inc (C) opened at $78.59 on Tuesday. Citigroup Inc has a 52-week low of $55.23 and a 52-week high of $78.90. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $201,230.98, a P/E ratio of -25.35, a P/E/G ratio of 1.49 and a beta of 1.56.
Citigroup (NYSE:C) last posted its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.09. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.60%. The company had revenue of $17.26 billion during the quarter, compared to analysts’ expectations of $17.23 billion. During the same quarter in the prior year, the company posted $1.14 earnings per share. Citigroup’s revenue for the quarter was up 1.4% compared to the same quarter last year. equities analysts forecast that Citigroup Inc will post 6.33 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 5th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $1.28 dividend on an annualized basis and a yield of 1.63%. Citigroup’s payout ratio is -41.29%.
Several equities research analysts have issued reports on the stock. Royal Bank of Canada reissued a “buy” rating and issued a $75.00 price objective on shares of Citigroup in a research report on Wednesday, September 27th. Deutsche Bank set a $74.00 price target on shares of Citigroup and gave the stock a “neutral” rating in a research report on Wednesday, January 17th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Citigroup in a research report on Wednesday, January 17th. JPMorgan Chase & Co. set a $80.00 price target on shares of Citigroup and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Finally, Jefferies Group set a $81.00 price target on shares of Citigroup and gave the stock a “neutral” rating in a research report on Thursday, October 12th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $79.30.
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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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