Rockefeller Capital Management L.P. trimmed its holdings in Citigroup Inc (NYSE:C) by 12.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,371 shares of the financial services provider’s stock after selling 5,763 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Citigroup were worth $2,824,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Commerce Bank boosted its position in shares of Citigroup by 12.7% during the 3rd quarter. Commerce Bank now owns 76,208 shares of the financial services provider’s stock valued at $5,468,000 after acquiring an additional 8,616 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of Citigroup during the 3rd quarter valued at approximately $2,388,000. Stratos Wealth Partners LTD. raised its holdings in Citigroup by 11.3% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 48,110 shares of the financial services provider’s stock valued at $3,451,000 after buying an additional 4,897 shares during the period. Private Advisor Group LLC raised its holdings in Citigroup by 46.1% during the 3rd quarter. Private Advisor Group LLC now owns 69,363 shares of the financial services provider’s stock valued at $4,976,000 after buying an additional 21,873 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Citigroup by 33.9% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 218,054 shares of the financial services provider’s stock valued at $15,644,000 after buying an additional 55,197 shares during the period. Institutional investors and hedge funds own 74.79% of the company’s stock.
C has been the topic of several recent research reports. TheStreet upgraded Citigroup from a “c” rating to a “b-” rating in a report on Monday, July 30th. Wells Fargo & Co set a $100.00 price target on Citigroup and gave the company a “buy” rating in a report on Monday, August 27th. Royal Bank of Canada restated a “buy” rating and set a $85.00 price target on shares of Citigroup in a report on Monday, July 16th. Deutsche Bank increased their price target on Citigroup from $76.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, September 27th. Finally, Vining Sparks restated a “buy” rating and set a $77.00 price target on shares of Citigroup in a report on Tuesday, October 9th. Two analysts have rated the stock with a sell rating, six have given a hold rating and fifteen have given a buy rating to the company. Citigroup has a consensus rating of “Buy” and an average target price of $82.91.
C stock opened at $66.68 on Wednesday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.00 and a current ratio of 1.00. Citigroup Inc has a twelve month low of $63.18 and a twelve month high of $80.70. The firm has a market capitalization of $169.42 billion, a price-to-earnings ratio of 12.51, a price-to-earnings-growth ratio of 0.86 and a beta of 1.47.
Citigroup (NYSE:C) last released its earnings results on Friday, October 12th. The financial services provider reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.07. Citigroup had a positive return on equity of 9.42% and a negative net margin of 4.81%. The business had revenue of $18.39 billion for the quarter, compared to analyst estimates of $18.43 billion. During the same quarter last year, the firm posted $1.42 earnings per share. Sell-side analysts predict that Citigroup Inc will post 6.69 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 21st. Stockholders 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 dividend yield of 2.70%. Citigroup’s dividend payout ratio is currently 33.77%.
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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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