Moors & Cabot Inc. grew its holdings in shares of Citigroup Inc (NYSE:C) by 46.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,624 shares of the financial services provider’s stock after purchasing an additional 12,539 shares during the period. Moors & Cabot Inc.’s holdings in Citigroup were worth $2,889,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of C. Belpointe Asset Management LLC purchased a new position in Citigroup in the 3rd quarter worth $1,060,000. IFM Investors Pty Ltd raised its stake in shares of Citigroup by 0.9% during the 3rd quarter. IFM Investors Pty Ltd now owns 76,983 shares of the financial services provider’s stock valued at $5,600,000 after buying an additional 716 shares during the last quarter. SRS Capital Advisors Inc. raised its stake in shares of Citigroup by 34.0% during the 3rd quarter. SRS Capital Advisors Inc. now owns 6,933 shares of the financial services provider’s stock valued at $504,000 after buying an additional 1,760 shares during the last quarter. Yellowstone Partners LLC purchased a new position in shares of Citigroup during the 3rd quarter valued at about $259,000. Finally, RWC Asset Management LLP raised its stake in shares of Citigroup by 22.6% during the 3rd quarter. RWC Asset Management LLP now owns 240,314 shares of the financial services provider’s stock valued at $17,480,000 after buying an additional 44,302 shares during the last quarter. Hedge funds and other institutional investors own 80.71% of the company’s stock.
A number of research firms have weighed in on C. Macquarie lifted their price objective on Citigroup from $82.00 to $84.00 and gave the company a “neutral” rating in a research note on Monday. Royal Bank of Canada reiterated an “outperform” rating and set a $85.00 price objective on shares of Citigroup in a research note on Wednesday, January 17th. DZ Bank upgraded Citigroup from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Deutsche Bank set a $74.00 price objective on Citigroup and gave the company a “neutral” rating in a research note on Wednesday, January 17th. Finally, JPMorgan Chase & Co. set a $80.00 price objective on Citigroup and gave the company 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, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Citigroup has an average rating of “Buy” and a consensus target price of $79.65.
Shares of Citigroup Inc (NYSE C) opened at $74.76 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.29. Citigroup Inc has a twelve month low of $56.55 and a twelve month high of $80.70. The stock has a market capitalization of $189,357.58, a PE ratio of 13.82, a P/E/G ratio of 1.07 and a beta of 1.54.
Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 positive return on equity of 7.60% and a negative net margin of 7.05%. Citigroup’s revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.14 EPS. equities research analysts anticipate that Citigroup Inc will post 6.4 earnings per share 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 issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Friday, February 2nd. Citigroup’s dividend payout ratio is currently -41.29%.
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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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