Donald Smith & CO. Inc. lifted its stake in Citigroup Inc (NYSE:C) by 6.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,802,064 shares of the financial services provider’s stock after buying an additional 101,780 shares during the period. Citigroup comprises 3.2% of Donald Smith & CO. Inc.’s portfolio, making the stock its 9th biggest holding. Donald Smith & CO. Inc. owned approximately 0.07% of Citigroup worth $131,082,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in C. Catamount Wealth Management bought a new position in Citigroup during the second quarter worth about $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake in Citigroup by 206.0% during the second 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 period. Balentine LLC lifted its stake in Citigroup by 20.2% during the second 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 period. Acrospire Investment Management LLC lifted its stake in Citigroup by 21.4% during the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 300 shares during the period. Finally, Shine Investment Advisory Services Inc. bought a new position in Citigroup during the second quarter worth about $123,000. Institutional investors and hedge funds own 80.93% of the company’s stock.
A number of research analysts have recently issued reports on C shares. BidaskClub cut shares of Citigroup from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 17th. Nomura lifted their target price on shares of Citigroup from $80.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, October 13th. Credit Suisse Group reiterated a “buy” rating and issued a $83.00 target price (up previously from $73.00) on shares of Citigroup in a research note on Monday, October 9th. They noted that the move was a valuation call. Vetr upgraded shares of Citigroup from a “hold” rating to a “buy” rating and set a $80.92 target price for the company in a research note on Monday, December 4th. Finally, Wells Fargo & Co set a $95.00 price target on shares of Citigroup and gave the company a “buy” rating in a report on Wednesday, December 20th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $78.79.
Shares of Citigroup Inc (NYSE:C) traded up $0.73 during midday trading on Thursday, hitting $79.20. 12,440,000 shares of the stock were exchanged, compared to its average volume of 15,060,000. The company has a market capitalization of $209,400.00, a PE ratio of 14.27, a price-to-earnings-growth ratio of 1.49 and a beta of 1.56. Citigroup Inc has a 52 week low of $55.23 and a 52 week high of $80.70. 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 results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share 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 analysts’ expectations of $17.23 billion. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.60%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period last year, the firm posted $1.14 earnings per share. analysts forecast that Citigroup Inc will post 6.33 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 5th will be given a $0.32 dividend. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $1.28 annualized dividend and a yield of 1.62%. Citigroup’s dividend payout ratio is currently 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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