Blair William & Co. IL lowered its stake in shares of Citigroup Inc. (NYSE:C) by 3.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 190,629 shares of the financial services provider’s stock after selling 6,208 shares during the period. Blair William & Co. IL’s holdings in Citigroup were worth $11,402,000 as of its most recent filing with the SEC.
Several other large investors have also recently added to or reduced their stakes in C. LeJeune Puetz Investment Counsel LLC bought a new position in shares of Citigroup during the fourth quarter valued at approximately $1,532,000. Independent Advisor Alliance bought a new position in shares of Citigroup during the fourth quarter valued at approximately $1,228,000. Sustainable Insight Capital Management LLC bought a new position in shares of Citigroup during the fourth quarter valued at approximately $3,096,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in shares of Citigroup during the fourth quarter valued at approximately $162,463,000. Finally, Lebenthal Asset Management LLC increased its position in shares of Citigroup by 2.2% in the fourth quarter. Lebenthal Asset Management LLC now owns 62,822 shares of the financial services provider’s stock valued at $3,734,000 after buying an additional 1,323 shares during the last quarter. 74.89% of the stock is currently owned by institutional investors.
Citigroup Inc. (NYSE:C) opened at 66.80 on Friday. Citigroup Inc. has a 52 week low of $45.16 and a 52 week high of $69.86. The stock has a market cap of $182.00 billion, a P/E ratio of 13.37 and a beta of 1.48. The stock has a 50 day moving average price of $67.22 and a 200-day moving average price of $61.90.
Citigroup (NYSE:C) last issued its earnings results on Friday, July 14th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.07. Citigroup had a net margin of 18.11% and a return on equity of 7.32%. The company had revenue of $17.90 billion for the quarter, compared to analysts’ expectations of $17.38 billion. During the same quarter last year, the company posted $1.24 earnings per share. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. On average, equities analysts anticipate that Citigroup Inc. will post $5.22 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Monday, August 7th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $1.28 annualized dividend and a yield of 1.92%. This is a boost from Citigroup’s previous quarterly dividend of $0.16. Citigroup’s dividend payout ratio (DPR) is currently 25.55%.
Citigroup declared that its Board of Directors has authorized a stock buyback program on Wednesday, June 28th that allows the company to buyback $15.60 billion in outstanding shares. This buyback authorization allows the financial services provider to reacquire up to 8.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.
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C has been the topic of several recent research reports. Vetr downgraded Citigroup from a “strong-buy” rating to a “buy” rating and set a $66.90 target price on the stock. in a report on Tuesday, April 25th. Zacks Investment Research raised Citigroup from a “sell” rating to a “hold” rating in a report on Friday, July 7th. Jefferies Group LLC reaffirmed a “hold” rating and set a $68.00 target price on shares of Citigroup in a report on Monday, May 15th. BMO Capital Markets reissued a “buy” rating and issued a $64.00 price objective on shares of Citigroup in a research report on Thursday, June 1st. Finally, Buckingham Research reissued a “buy” rating and issued a $81.00 price objective (up from $70.00) on shares of Citigroup in a research report on Monday, July 10th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $69.08.
In related news, insider Jeffrey R. Walsh sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $68.97, for a total value of $344,850.00. Following the sale, the insider now owns 56,394 shares in the company, valued at $3,889,494.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.10% of the company’s stock.
Citigroup Company Profile
Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.
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