Eqis Capital Management Inc. trimmed its position in shares of Citigroup Inc (NYSE:C) by 12.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,503 shares of the financial services provider’s stock after selling 7,944 shares during the quarter. Eqis Capital Management Inc.’s holdings in Citigroup were worth $3,696,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in C. Personal Wealth Partners bought a new stake in Citigroup in the second quarter valued at $27,000. Centaurus Financial Inc. raised its position in Citigroup by 95.1% in the first quarter. Centaurus Financial Inc. now owns 1,713 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 835 shares during the period. Mcmillion Capital Management Inc. purchased a new position in Citigroup in the second quarter valued at about $31,000. Garrett Wealth Advisory Group LLC purchased a new position in Citigroup in the third quarter valued at about $33,000. Finally, Bray Capital Advisors raised its position in Citigroup by 257.4% in the second quarter. Bray Capital Advisors now owns 486 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 350 shares during the period. Institutional investors own 79.24% of the company’s stock.
In other Citigroup news, insider Michael Whitaker sold 7,500 shares of Citigroup stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $62.03, for a total value of $465,225.00. Following the sale, the insider now directly owns 93,848 shares in the company, valued at approximately $5,821,391.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.09% of the stock is currently owned by insiders.
Several research analysts have commented on C shares. Keefe, Bruyette & Woods raised Citigroup from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $74.00 to $86.00 in a research report on Friday, July 26th. Vining Sparks raised Citigroup to a “buy” rating and set a $80.00 price objective on the stock in a research report on Wednesday, October 9th. Barclays lifted their target price on Citigroup from $83.00 to $86.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. Wells Fargo & Co set a $85.00 target price on Citigroup and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, BMO Capital Markets lowered Citigroup to a “hold” rating in a research report on Friday, July 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the company. Citigroup currently has a consensus rating of “Buy” and an average price target of $80.57.
Shares of NYSE C traded up $0.24 during trading on Tuesday, hitting $75.84. The company had a trading volume of 104,865 shares, compared to its average volume of 12,598,176. The company has a market cap of $166.18 billion, a P/E ratio of 11.41, a PEG ratio of 0.86 and a beta of 1.80. Citigroup Inc has a 52 week low of $48.42 and a 52 week high of $76.28. The business’s 50-day moving average is $71.02 and its 200 day moving average is $68.37. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.00 and a current ratio of 1.00.
Citigroup (NYSE:C) last issued its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $2.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.95 by $0.12. Citigroup had a net margin of 18.28% and a return on equity of 10.16%. The firm had revenue of $18.57 billion during the quarter, compared to analysts’ expectations of $18.54 billion. During the same period in the prior year, the company posted $1.73 earnings per share. Citigroup’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, research analysts expect that Citigroup Inc will post 7.58 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Monday, November 4th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $2.04 annualized dividend and a yield of 2.69%. Citigroup’s payout ratio is currently 30.68%.
Citigroup Company Profile
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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