South Dakota Investment Council lessened its holdings in shares of Citigroup Inc (NYSE:C) by 5.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,361,892 shares of the financial services provider’s stock after selling 71,560 shares during the period. Citigroup accounts for approximately 2.0% of South Dakota Investment Council’s holdings, making the stock its 4th biggest position. South Dakota Investment Council owned 0.05% of Citigroup worth $99,064,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in C. Catamount Wealth Management bought a new position in Citigroup during the 2nd quarter valued at about $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake 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 valued at $102,000 after acquiring an additional 1,030 shares during the period. Balentine LLC lifted its stake in 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 acquiring an additional 272 shares during the period. Acrospire Investment Management LLC lifted its stake in 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 acquiring an additional 300 shares during the period. Finally, Shine Investment Advisory Services Inc. bought a new position in Citigroup during the 2nd quarter valued at about $123,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.
Citigroup Inc (NYSE C) traded down $1.85 during trading on Friday, reaching $77.02. 18,553,590 shares of the company traded hands, compared to its average volume of 14,920,000. Citigroup Inc has a one year low of $55.23 and a one year high of $80.70. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.29. The stock has a market cap of $203,640.00, a price-to-earnings ratio of 13.88, a price-to-earnings-growth ratio of 1.49 and a beta of 1.54.
Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, topping the Thomson Reuters’ 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 the consensus estimate of $17.23 billion. During the same period in the prior year, the company posted $1.14 EPS. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. analysts predict that Citigroup Inc will post 6.33 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be paid a $0.32 dividend. The ex-dividend date is Friday, February 2nd. This represents a $1.28 annualized dividend and a yield of 1.66%. Citigroup’s payout ratio is 23.06%.
Several equities analysts have issued reports on the stock. ValuEngine upgraded shares of Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Deutsche Bank set a $74.00 price target on shares of Citigroup and gave the company a “neutral” rating in a research report on Wednesday, January 17th. Raymond James Financial assumed coverage on shares of Citigroup in a research report on Tuesday, October 31st. They set a “hold” rating for the company. Morgan Stanley upped their price target on shares of Citigroup from $73.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, October 13th. Finally, Wells Fargo & Co set a $100.00 price target on shares of Citigroup and gave the company a “buy” rating in a research report on Wednesday, January 17th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Citigroup currently has an average rating of “Buy” and an average price target of $79.90.
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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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