BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lessened its stake in shares of Citigroup Inc (NYSE:C) by 1.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,345,782 shares of the financial services provider’s stock after selling 16,794 shares during the quarter. Citigroup comprises 0.8% of BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s portfolio, making the stock its 24th largest holding. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned approximately 0.05% of Citigroup worth $97,892,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently bought and sold shares of C. Catamount Wealth Management purchased a new position in shares of Citigroup during the second quarter worth about $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its holdings in shares of 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 in the last quarter. Balentine LLC grew its holdings in shares of 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 in the last quarter. Acrospire Investment Management LLC lifted its position in Citigroup by 21.4% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after buying an additional 300 shares during the last quarter. Finally, Shine Investment Advisory Services Inc. bought a new stake in Citigroup in the 2nd quarter worth approximately $123,000. 80.71% of the stock is owned by institutional investors and hedge funds.
A number of research firms recently weighed in on C. Macquarie restated a “neutral” rating and issued a $84.00 target price (up previously from $82.00) on shares of Citigroup in a research report on Monday. ValuEngine upgraded Citigroup from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 9th. DZ Bank upgraded Citigroup from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Vetr downgraded Citigroup from a “sell” rating to a “strong sell” rating and set a $61.20 target price for the company. in a research report on Monday, February 5th. Finally, Zacks Investment Research upgraded Citigroup from a “hold” rating to a “buy” rating and set a $89.00 target price for the company in a research report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Citigroup has an average rating of “Buy” and an average target price of $79.65.
Shares of Citigroup Inc (C) traded up $1.53 during trading on Wednesday, hitting $76.71. The company had a trading volume of 16,257,629 shares, compared to its average volume of 17,550,000. 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 company has a market capitalization of $202,820.00, a P/E ratio of 13.82, a PEG ratio of 1.09 and a beta of 1.54. Citigroup Inc has a one year low of $56.55 and a one year high of $80.70.
Citigroup (NYSE:C) last announced its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.09. The company had revenue of $17.26 billion during the quarter, compared to the consensus estimate of $17.23 billion. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.14 earnings per share. equities analysts predict that Citigroup Inc will post 6.4 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 5th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.67%. Citigroup’s dividend payout ratio 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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