Comerica Securities Inc. Has $750,000 Stake in Citigroup (C)

Comerica Securities Inc. raised its stake in shares of Citigroup (NYSE:C) by 7.7% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 11,104 shares of the financial services provider’s stock after purchasing an additional 790 shares during the quarter. Comerica Securities Inc.’s holdings in Citigroup were worth $750,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA grew its position in shares of Citigroup by 0.9% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 33,678,989 shares of the financial services provider’s stock valued at $2,273,331,000 after purchasing an additional 287,814 shares during the period. Geode Capital Management LLC grew its position in shares of Citigroup by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 28,541,767 shares of the financial services provider’s stock valued at $2,119,402,000 after purchasing an additional 256,760 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Citigroup by 0.6% in the 4th quarter. The Manufacturers Life Insurance Company now owns 14,906,518 shares of the financial services provider’s stock valued at $1,109,194,000 after purchasing an additional 91,093 shares during the period. LSV Asset Management grew its position in shares of Citigroup by 2.5% in the 1st quarter. LSV Asset Management now owns 13,282,054 shares of the financial services provider’s stock valued at $896,538,000 after purchasing an additional 320,050 shares during the period. Finally, Sanders Capital LLC grew its position in shares of Citigroup by 1.3% in the 4th quarter. Sanders Capital LLC now owns 12,649,662 shares of the financial services provider’s stock valued at $1,019,162,000 after purchasing an additional 164,600 shares during the period. Institutional investors own 79.74% of the company’s stock.

C has been the subject of several research analyst reports. Deutsche Bank set a $74.00 price objective on Citigroup and gave the company a “neutral” rating in a research report on Wednesday, January 17th. Wells Fargo set a $100.00 price objective on Citigroup and gave the company a “buy” rating in a research report on Wednesday, January 17th. Royal Bank of Canada reiterated an “outperform” rating and issued a $85.00 price objective on shares of Citigroup in a research report on Wednesday, January 17th. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Citigroup in a research report on Wednesday, January 17th. Finally, BMO Capital Markets boosted their price objective on Citigroup from $75.00 to $75.00 and gave the company a “market perform” rating in a research report on Wednesday, January 17th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and fourteen have given a buy rating to the company’s stock. Citigroup currently has a consensus rating of “Hold” and an average target price of $80.92.

Citigroup opened at $71.95 on Thursday, according to MarketBeat Ratings. The company has a market capitalization of $186.64 billion, a price-to-earnings ratio of 13.50, a PEG ratio of 1.05 and a beta of 1.55. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.30. Citigroup has a 52 week low of $71.96 and a 52 week high of $72.75.

Citigroup (NYSE:C) last released its earnings results on Friday, April 13th. The financial services provider reported $1.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.07. The firm had revenue of $18.87 billion for the quarter, compared to analysts’ expectations of $18.89 billion. Citigroup had a positive return on equity of 8.13% and a negative net margin of 6.28%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.35 EPS. equities analysts expect that Citigroup will post 6.48 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 25th. Shareholders of record on Monday, May 7th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.78%. The ex-dividend date is Friday, May 4th. Citigroup’s payout ratio is 24.02%.

Citigroup Company Profile

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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