Cypress Wealth Services LLC bought a new position in shares of Citigroup Inc (NYSE:C) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,914 shares of the financial services provider’s stock, valued at approximately $209,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC grew its holdings in shares of Citigroup by 2.1% during the second quarter. FMR LLC now owns 107,588,759 shares of the financial services provider’s stock worth $7,199,839,000 after buying an additional 2,247,392 shares in the last quarter. ValueAct Holdings L.P. grew its holdings in shares of Citigroup by 55.4% during the second quarter. ValueAct Holdings L.P. now owns 25,175,500 shares of the financial services provider’s stock worth $1,684,744,000 after buying an additional 8,975,500 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Citigroup by 4.5% during the second quarter. Dimensional Fund Advisors LP now owns 16,802,064 shares of the financial services provider’s stock worth $1,124,412,000 after buying an additional 726,738 shares in the last quarter. LSV Asset Management grew its holdings in shares of Citigroup by 2.7% during the second quarter. LSV Asset Management now owns 13,634,855 shares of the financial services provider’s stock worth $912,444,000 after buying an additional 352,801 shares in the last quarter. Finally, Greenhaven Associates Inc. grew its holdings in shares of Citigroup by 2.3% during the second quarter. Greenhaven Associates Inc. now owns 12,325,856 shares of the financial services provider’s stock worth $824,846,000 after buying an additional 275,266 shares in the last quarter. Institutional investors own 74.88% of the company’s stock.
Citigroup stock opened at $68.86 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.32. Citigroup Inc has a 1 year low of $64.38 and a 1 year high of $80.70. The company has a market capitalization of $176.36 billion, a P/E ratio of 12.92, a P/E/G ratio of 0.90 and a beta of 1.46.
Citigroup (NYSE:C) last released its quarterly earnings data on Friday, October 12th. The financial services provider reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.07. Citigroup had a negative net margin of 4.81% and a positive return on equity of 9.42%. The company had revenue of $18.39 billion during the quarter, compared to the consensus estimate of $18.43 billion. During the same period in the previous year, the firm earned $1.42 earnings per share. On average, research analysts predict that Citigroup Inc will post 6.69 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 21st. Shareholders of record on Monday, November 5th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, November 2nd. This represents a $1.80 annualized dividend and a yield of 2.61%. Citigroup’s dividend payout ratio is currently 33.77%.
In other Citigroup news, CEO Francisco Aristeguieta sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $72.36, for a total transaction of $1,085,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.11% of the stock is owned by insiders.
A number of equities research analysts have recently commented on C shares. ValuEngine downgraded shares of Citigroup from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Royal Bank of Canada restated a “buy” rating and issued a $85.00 target price on shares of Citigroup in a report on Monday, July 16th. Morgan Stanley lowered their target price on shares of Citigroup from $88.00 to $84.00 and set an “overweight” rating for the company in a report on Monday, July 16th. Oppenheimer boosted their target price on shares of Citigroup from $89.00 to $91.00 and gave the company an “outperformer” rating in a report on Monday, July 16th. Finally, BMO Capital Markets boosted their target price on shares of Citigroup from $76.00 to $85.00 and gave the company a “market perform” rating in a report on Monday, July 16th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $82.91.
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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