Victory Capital Management Inc. raised its stake in Citigroup Inc (NYSE:C) by 2,117.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 861,798 shares of the financial services provider’s stock after acquiring an additional 822,927 shares during the quarter. Victory Capital Management Inc.’s holdings in Citigroup were worth $61,825,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in C. Perella Weinberg Partners Capital Management LP lifted its stake in shares of Citigroup by 38.8% during the 3rd quarter. Perella Weinberg Partners Capital Management LP now owns 140,205 shares of the financial services provider’s stock valued at $10,058,000 after buying an additional 39,224 shares in the last quarter. Nippon Life Global Investors Americas Inc. purchased a new stake in shares of Citigroup during the 3rd quarter valued at approximately $11,027,000. R. G. Niederhoffer Capital Management Inc. purchased a new stake in shares of Citigroup during the 3rd quarter valued at approximately $208,000. Moody National Bank Trust Division lifted its stake in shares of Citigroup by 1,094.9% during the 3rd quarter. Moody National Bank Trust Division now owns 193,280 shares of the financial services provider’s stock valued at $13,866,000 after buying an additional 177,105 shares in the last quarter. Finally, WBI Investments Inc. purchased a new stake in shares of Citigroup during the 3rd quarter valued at approximately $6,130,000. Hedge funds and other institutional investors own 74.79% of the company’s stock.
C has been the topic of several recent analyst reports. Royal Bank of Canada reiterated a “buy” rating and issued a $85.00 target price on shares of Citigroup in a research note 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 on the stock in a research note on Monday, July 16th. Oppenheimer increased their target price on shares of Citigroup from $89.00 to $91.00 and gave the stock an “outperformer” rating in a research note on Monday, July 16th. BMO Capital Markets increased their target price on shares of Citigroup from $76.00 to $85.00 and gave the stock a “market perform” rating in a research note on Monday, July 16th. Finally, ValuEngine upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a research note on Monday, July 16th. Two analysts have rated the stock with a sell rating, six have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $82.91.
Shares of NYSE:C opened at $66.68 on Wednesday. The firm has a market capitalization of $169.42 billion, a PE ratio of 12.51, a P/E/G ratio of 0.86 and a beta of 1.47. Citigroup Inc has a one year low of $63.18 and a one year high of $80.70. 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 (NYSE:C) last issued its quarterly earnings results on Friday, October 12th. The financial services provider reported $1.73 EPS for the quarter, topping the Zacks’ consensus estimate of $1.66 by $0.07. The firm had revenue of $18.39 billion for the quarter, compared to analyst estimates of $18.43 billion. Citigroup had a negative net margin of 4.81% and a positive return on equity of 9.42%. During the same quarter in the prior year, the firm earned $1.42 EPS. Research analysts expect that Citigroup Inc will post 6.69 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 21st. Stockholders of record on Monday, November 5th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date is Friday, November 2nd. Citigroup’s payout ratio is 33.77%.
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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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