Sullivan Bruyette Speros & Blaney LLC raised its holdings in shares of Citigroup Inc (NYSE:C) by 8.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,263 shares of the financial services provider’s stock after purchasing an additional 502 shares during the quarter. Sullivan Bruyette Speros & Blaney LLC’s holdings in Citigroup were worth $439,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in the business. Artisan Partners Limited Partnership lifted its holdings in shares of Citigroup by 1.1% during the first quarter. Artisan Partners Limited Partnership now owns 11,033,376 shares of the financial services provider’s stock worth $686,497,000 after buying an additional 124,374 shares in the last quarter. Sanders Capital LLC lifted its holdings in shares of Citigroup by 2.5% during the second quarter. Sanders Capital LLC now owns 10,354,948 shares of the financial services provider’s stock worth $818,349,000 after buying an additional 251,300 shares in the last quarter. Parametric Portfolio Associates LLC lifted its holdings in shares of Citigroup by 7.4% during the first quarter. Parametric Portfolio Associates LLC now owns 8,150,246 shares of the financial services provider’s stock worth $507,108,000 after buying an additional 559,038 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Citigroup by 6.1% during the first quarter. Janus Henderson Group PLC now owns 4,450,450 shares of the financial services provider’s stock worth $276,925,000 after buying an additional 254,562 shares in the last quarter. Finally, AJO LP lifted its holdings in shares of Citigroup by 23.5% during the first quarter. AJO LP now owns 4,144,296 shares of the financial services provider’s stock worth $257,858,000 after buying an additional 789,759 shares in the last quarter. 76.78% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE C traded up $0.21 during mid-day trading on Wednesday, reaching $63.63. The company had a trading volume of 4,103,799 shares, compared to its average volume of 15,033,530. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.01 and a current ratio of 1.01. Citigroup Inc has a one year low of $48.42 and a one year high of $75.24. The firm has a market cap of $143.40 billion, a price-to-earnings ratio of 9.57, a PEG ratio of 0.69 and a beta of 1.76. The business’s 50-day simple moving average is $68.94 and its 200 day simple moving average is $66.41.
Citigroup (NYSE:C) last issued its quarterly earnings results on Monday, July 15th. The financial services provider reported $1.95 EPS for the quarter, topping the Zacks’ consensus estimate of $1.78 by $0.17. Citigroup had a return on equity of 10.10% and a net margin of 18.24%. The company had revenue of $18.76 billion for the quarter, compared to analysts’ expectations of $18.49 billion. During the same quarter last year, the business earned $1.63 earnings per share. Citigroup’s revenue was up 1.6% on a year-over-year basis. On average, sell-side analysts anticipate that Citigroup Inc will post 7.54 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Monday, August 5th will be given a $0.51 dividend. The ex-dividend date is Friday, August 2nd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.21%. This is a boost from Citigroup’s previous quarterly dividend of $0.45. Citigroup’s dividend payout ratio (DPR) is presently 30.68%.
C has been the subject of a number of research reports. Keefe, Bruyette & Woods raised Citigroup from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $74.00 to $86.00 in a report on Friday, July 26th. Barclays lifted their target price on Citigroup from $83.00 to $86.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. JPMorgan Chase & Co. lifted their target price on Citigroup from $75.00 to $77.00 and gave the stock an “overweight” rating in a report on Tuesday, July 9th. ValuEngine downgraded Citigroup from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Finally, Morgan Stanley set a $78.00 target price on Citigroup and gave the stock a “buy” rating in a report on Friday, August 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $79.12.
Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
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