National Asset Management Inc. lifted its holdings in Citigroup Inc (NYSE:C) by 10.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,631 shares of the financial services provider’s stock after purchasing an additional 3,424 shares during the quarter. National Asset Management Inc.’s holdings in Citigroup were worth $2,665,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the company. State of Alaska Department of Revenue raised its stake in Citigroup by 16.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 11,588 shares of the financial services provider’s stock worth $774,000 after acquiring an additional 1,660 shares during the last quarter. National Pension Service raised its stake in shares of Citigroup by 9.5% during the 2nd quarter. National Pension Service now owns 2,107,537 shares of the financial services provider’s stock valued at $141,163,000 after buying an additional 182,199 shares during the last quarter. Hoertkorn Richard Charles raised its stake in shares of Citigroup by 7.8% during the 2nd quarter. Hoertkorn Richard Charles now owns 83,502 shares of the financial services provider’s stock valued at $5,585,000 after buying an additional 6,057 shares during the last quarter. Moon Capital Management LLC grew its position in shares of Citigroup by 0.3% during the 2nd quarter. Moon Capital Management LLC now owns 69,113 shares of the financial services provider’s stock valued at $4,622,000 after acquiring an additional 175 shares during the period. Finally, Chevy Chase Trust Holdings Inc. grew its position in shares of Citigroup by 1.4% during the 2nd quarter. Chevy Chase Trust Holdings Inc. now owns 3,438,264 shares of the financial services provider’s stock valued at $229,951,000 after acquiring an additional 48,241 shares during the period. 80.71% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts recently issued reports on the company. ValuEngine upgraded Citigroup from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Deutsche Bank set a $74.00 target price on Citigroup and gave the stock a “neutral” rating in a report on Wednesday, January 17th. Raymond James Financial began coverage on Citigroup in a report on Tuesday, October 31st. They set a “hold” rating on the stock. 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. Finally, Societe Generale lowered Citigroup from a “hold” rating to a “sell” rating and set a $65.00 target price on the stock. in a research report on Monday, October 16th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, fourteen 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 a consensus price target of $79.65.
Shares of Citigroup Inc (NYSE:C) traded up $1.08 during trading on Monday, reaching $74.76. 16,674,330 shares of the company’s stock were exchanged, compared to its average volume of 17,230,000. Citigroup Inc has a 12 month low of $56.55 and a 12 month high of $80.70. 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 stock has a market capitalization of $197,670.00, a PE ratio of 13.47, a PEG ratio of 1.07 and a beta of 1.54.
Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, beating the consensus estimate of $1.19 by $0.09. The business had revenue of $17.26 billion for the quarter, compared to analyst estimates of $17.23 billion. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.60%. The company’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.14 earnings per share. research analysts predict that Citigroup Inc will post 6.4 earnings per share 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 is Friday, February 2nd. This represents a $1.28 dividend on an annualized basis and a yield of 1.71%. Citigroup’s dividend payout ratio (DPR) 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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