Check Capital Management Inc. CA increased its stake in shares of Citigroup Inc (NYSE:C) by 100.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,800 shares of the financial services provider’s stock after purchasing an additional 3,900 shares during the quarter. Check Capital Management Inc. CA’s holdings in Citigroup were worth $567,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also modified their holdings of C. Catamount Wealth Management purchased a new stake in Citigroup during the 2nd quarter worth approximately $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased 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 worth $102,000 after purchasing an additional 1,030 shares during the last quarter. Balentine LLC increased 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 worth $108,000 after purchasing an additional 272 shares during the last quarter. Acrospire Investment Management LLC increased its holdings in shares of 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 acquiring an additional 300 shares during the last quarter. Finally, Shine Investment Advisory Services Inc. bought a new stake in shares of Citigroup in the 2nd quarter valued at approximately $123,000. 78.61% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have recently weighed in on the company. Vetr downgraded Citigroup from a “sell” rating to a “strong sell” rating and set a $70.80 price target for the company. in a report on Monday. Keefe, Bruyette & Woods downgraded Citigroup from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $90.00 to $82.00 in a research note on Tuesday, January 16th. Jefferies Group restated a “hold” rating and set a $83.00 price objective on shares of Citigroup in a research note on Tuesday, January 16th. Deutsche Bank set a $74.00 price objective on Citigroup and gave the stock a “neutral” rating in a research note on Wednesday, January 17th. Finally, Wells Fargo & Co set a $100.00 price objective on Citigroup and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $78.79.
Shares of Citigroup Inc (NYSE C) traded up $0.64 during trading on Friday, hitting $80.08. The stock had a trading volume of 10,966,450 shares, compared to its average volume of 16,240,000. The firm has a market capitalization of $211,730.00, a price-to-earnings ratio of 14.43, a price-to-earnings-growth ratio of 1.51 and a beta of 1.56. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.01 and a current ratio of 1.01. Citigroup Inc has a twelve month low of $55.23 and a twelve month high of $80.39.
Citigroup (NYSE:C) last announced its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.09. The company had revenue of $17.26 billion for the quarter, compared to analyst estimates of $17.23 billion. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. Citigroup’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.14 earnings per share. equities research analysts expect that Citigroup Inc will post 6.33 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Monday, February 5th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend is Friday, February 2nd. Citigroup’s dividend payout ratio (DPR) is presently 23.06%.
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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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