Mondrian Investment Partners LTD lowered its position in Citigroup Inc (NYSE:C) by 63.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 134,932 shares of the financial services provider’s stock after selling 230,028 shares during the quarter. Mondrian Investment Partners LTD’s holdings in Citigroup were worth $9,680,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its holdings in shares of Citigroup by 1.3% during the 1st quarter. Principal Financial Group Inc. now owns 4,167,300 shares of the financial services provider’s stock worth $281,292,000 after buying an additional 53,619 shares in the last quarter. IFM Investors Pty Ltd boosted its holdings in shares of Citigroup by 41.2% during the 2nd quarter. IFM Investors Pty Ltd now owns 116,374 shares of the financial services provider’s stock worth $7,788,000 after buying an additional 33,956 shares in the last quarter. Thompson Investment Management Inc. boosted its holdings in shares of Citigroup by 0.7% during the 2nd quarter. Thompson Investment Management Inc. now owns 140,797 shares of the financial services provider’s stock worth $9,422,000 after buying an additional 1,045 shares in the last quarter. Farmers Trust Co. boosted its holdings in shares of Citigroup by 4.1% during the 2nd quarter. Farmers Trust Co. now owns 58,112 shares of the financial services provider’s stock worth $3,889,000 after buying an additional 2,267 shares in the last quarter. Finally, Empirical Finance LLC raised its position in shares of Citigroup by 41.2% during the second quarter. Empirical Finance LLC now owns 4,674 shares of the financial services provider’s stock worth $313,000 after purchasing an additional 1,364 shares during the period. 74.79% of the stock is owned by institutional investors.
In related news, CEO Francisco Aristeguieta sold 15,000 shares of the stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $72.36, for a total value of $1,085,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.11% of the company’s stock.
C has been the topic of a number of research reports. Royal Bank of Canada reaffirmed a “buy” rating and set a $85.00 target price on shares of Citigroup in a research report on Monday, July 16th. Morgan Stanley lowered their target price on Citigroup from $88.00 to $84.00 and set an “overweight” rating on the stock in a research report on Monday, July 16th. Oppenheimer upped their target price on Citigroup from $89.00 to $91.00 and gave the stock an “outperformer” rating in a research report on Monday, July 16th. BMO Capital Markets upped their target price on Citigroup from $76.00 to $85.00 and gave the stock a “market perform” rating in a research report on Monday, July 16th. Finally, ValuEngine raised Citigroup from a “sell” rating to a “hold” rating in a research report on Monday, July 16th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and fifteen have given a buy rating to the company. Citigroup currently has an average rating of “Buy” and an average target price of $82.91.
NYSE C opened at $65.92 on Monday. The firm has a market capitalization of $169.42 billion, a P/E ratio of 12.37, a P/E/G ratio of 0.86 and a beta of 1.47. Citigroup Inc has a 12 month low of $63.18 and a 12 month high of $80.70. 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 (NYSE:C) last released its quarterly earnings results on Friday, October 12th. The financial services provider reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.07. The business had revenue of $18.39 billion during the quarter, compared to analyst estimates of $18.43 billion. Citigroup had a positive return on equity of 9.42% and a negative net margin of 4.81%. During the same period in the prior year, the firm posted $1.42 EPS. Equities analysts expect that Citigroup Inc will post 6.69 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 21st. Investors of record on Monday, November 5th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend is Friday, November 2nd. Citigroup’s payout ratio is currently 33.77%.
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.
Further Reading: What are Institutional Investors?
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