Landmark Financial Advisors LLC reduced its stake in Citigroup Inc. (NYSE:C) by 26.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,213 shares of the financial services provider’s stock after selling 1,502 shares during the period. Landmark Financial Advisors LLC’s holdings in Citigroup were worth $252,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in C. Arrow Financial Corp increased its stake in Citigroup by 4.7% in the first quarter. Arrow Financial Corp now owns 1,896 shares of the financial services provider’s stock worth $113,000 after buying an additional 85 shares during the last quarter. Advantage Investment Management LLC increased its stake in Citigroup by 109.3% in the first quarter. Advantage Investment Management LLC now owns 1,965 shares of the financial services provider’s stock worth $118,000 after buying an additional 1,026 shares during the last quarter. Signature Estate & Investment Advisors LLC acquired a new stake in Citigroup during the first quarter worth about $123,000. Pinnacle Bank acquired a new stake in Citigroup during the first quarter worth about $123,000. Finally, Reilly Financial Advisors LLC increased its stake in Citigroup by 60.4% in the first quarter. Reilly Financial Advisors LLC now owns 2,087 shares of the financial services provider’s stock worth $125,000 after buying an additional 786 shares during the last quarter. 74.92% of the stock is currently owned by hedge funds and other institutional investors.
Citigroup Inc. (C) opened at 66.58 on Friday. The stock has a market capitalization of $181.40 billion, a price-to-earnings ratio of 13.33 and a beta of 1.48. Citigroup Inc. has a 12 month low of $45.16 and a 12 month high of $69.86. The company has a 50 day moving average of $67.60 and a 200 day moving average of $62.27.
Citigroup (NYSE:C) last posted its earnings results on Friday, July 14th. The financial services provider reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.07. The firm had revenue of $17.90 billion during the quarter, compared to analysts’ expectations of $17.38 billion. Citigroup had a return on equity of 7.32% and a net margin of 18.11%. The firm’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.24 earnings per share. On average, equities analysts predict that Citigroup Inc. will post $5.22 EPS for the current year.
Citigroup announced that its Board of Directors has authorized a share buyback plan on Wednesday, June 28th that permits the company to repurchase $15.60 billion in shares. This repurchase authorization permits the financial services provider to buy up to 8.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Monday, August 7th will be paid a dividend of $0.32 per share. This is a boost from Citigroup’s previous quarterly dividend of $0.16. The ex-dividend date is Thursday, August 3rd. This represents a $1.28 annualized dividend and a yield of 1.92%. Citigroup’s payout ratio is presently 25.55%.
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C has been the topic of a number of analyst reports. Vetr cut shares of Citigroup from a “strong-buy” rating to a “buy” rating and set a $66.90 price objective on the stock. in a research report on Tuesday, April 25th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $78.00 price objective (up previously from $77.00) on shares of Citigroup in a research report on Thursday, May 4th. Jefferies Group LLC reiterated a “hold” rating and set a $68.00 price objective on shares of Citigroup in a research report on Friday, May 5th. BMO Capital Markets reiterated a “buy” rating and set a $64.00 price objective on shares of Citigroup in a research report on Thursday, June 1st. Finally, Keefe, Bruyette & Woods set a $69.00 price objective on shares of Citigroup and gave the company a “buy” rating in a research report on Thursday, June 8th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. Citigroup currently has a consensus rating of “Buy” and an average price target of $69.08.
In other Citigroup news, insider Jeffrey R. Walsh sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $68.97, for a total value of $344,850.00. Following the completion of the sale, the insider now owns 56,394 shares in the company, valued at $3,889,494.18. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Francisco Aristeguieta sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $67.55, for a total value of $2,702,000.00. Following the completion of the sale, the chief executive officer now owns 77,570 shares of the company’s stock, valued at approximately $5,239,853.50. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.
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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