King Luther Capital Management Corp lifted its holdings in Citigroup Inc (NYSE:C) by 0.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 197,011 shares of the financial services provider’s stock after acquiring an additional 1,323 shares during the period. King Luther Capital Management Corp’s holdings in Citigroup were worth $14,331,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in C. FMR LLC increased its holdings in shares of Citigroup by 3.8% in the 2nd quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock worth $7,343,721,000 after acquiring an additional 4,061,637 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Citigroup by 6.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 46,110,561 shares of the financial services provider’s stock worth $3,083,874,000 after purchasing an additional 2,943,282 shares during the last quarter. Harris Associates L P boosted its holdings in shares of Citigroup by 0.5% in the second quarter. Harris Associates L P now owns 41,350,951 shares of the financial services provider’s stock worth $2,765,551,000 after buying an additional 221,171 shares during the period. Northern Trust Corp boosted its holdings in shares of Citigroup by 3.1% in the second quarter. Northern Trust Corp now owns 34,097,795 shares of the financial services provider’s stock worth $2,280,461,000 after buying an additional 1,011,532 shares during the period. Finally, Boston Partners boosted its holdings in shares of Citigroup by 3.4% during the third quarter. Boston Partners now owns 24,591,045 shares of the financial services provider’s stock worth $1,788,752,000 after purchasing an additional 817,162 shares during the period. 80.71% of the stock is owned by institutional investors.
Citigroup Inc (C) opened at $76.71 on Thursday. The firm has a market capitalization of $202,820.00, a P/E ratio of 13.82, a price-to-earnings-growth ratio of 1.09 and a beta of 1.54. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.01 and a current ratio of 1.01. Citigroup Inc has a 12-month low of $56.55 and a 12-month high of $80.70.
Citigroup (NYSE:C) last released its quarterly earnings data 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. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The company had revenue of $17.26 billion during the quarter, compared to the consensus estimate of $17.23 billion. During the same quarter in the prior year, the firm posted $1.14 EPS. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. sell-side analysts expect that Citigroup Inc will post 6.4 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Friday, February 2nd. Citigroup’s payout ratio is 23.06%.
C has been the subject of a number of analyst reports. ValuEngine upgraded shares of Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 9th. Keefe, Bruyette & Woods lifted their price target on shares of Citigroup from $80.00 to $87.00 and gave the company an “outperform” rating in a research report on Thursday, December 14th. DZ Bank raised shares of Citigroup from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Nomura set a $87.00 target price on shares of Citigroup and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Finally, Vetr lowered shares of Citigroup from a “sell” rating to a “strong sell” rating and set a $70.80 target price on the stock. in a research report on Monday, January 29th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $79.65.
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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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