LSV Asset Management boosted its position in Citigroup Inc. (NYSE:C) by 1.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,020,272 shares of the financial services provider’s stock after buying an additional 131,839 shares during the quarter. Citigroup makes up approximately 1.6% of LSV Asset Management’s portfolio, making the stock its 4th biggest position. LSV Asset Management owned about 0.48% of Citigroup worth $870,795,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Catamount Wealth Management purchased a new stake in Citigroup in the second quarter worth approximately $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in shares of Citigroup by 206.0% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 1,030 shares during the period. Patten Group Inc. boosted its stake in shares of Citigroup by 6.6% during the first quarter. Patten Group Inc. now owns 1,765 shares of the financial services provider’s stock valued at $105,000 after purchasing an additional 110 shares during the period. Dubuque Bank & Trust Co. boosted its stake in shares of Citigroup by 60.8% during the second quarter. Dubuque Bank & Trust Co. now owns 1,584 shares of the financial services provider’s stock valued at $106,000 after purchasing an additional 599 shares during the period. Finally, Advantage Investment Management LLC boosted its stake in shares of Citigroup by 109.3% during the first quarter. Advantage Investment Management LLC now owns 1,965 shares of the financial services provider’s stock valued at $118,000 after purchasing an additional 1,026 shares during the period. 72.31% of the stock is owned by institutional investors and hedge funds.
In other news, CEO Francisco Aristeguieta sold 40,000 shares of the business’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $67.55, for a total value of $2,702,000.00. Following the completion of the transaction, the chief executive officer now directly owns 77,570 shares of the company’s stock, valued at approximately $5,239,853.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jeffrey R. Walsh sold 5,000 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 56,394 shares of the company’s stock, valued at $3,889,494.18. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.
C has been the subject of a number of analyst reports. Atlantic Securities reissued an “overweight” rating and set a $85.00 price objective (up previously from $75.00) on shares of Citigroup in a research note on Tuesday, September 26th. Bank of America Corporation reissued a “neutral” rating on shares of Citigroup in a research note on Wednesday, October 11th. Zacks Investment Research raised Citigroup from a “sell” rating to a “hold” rating in a research note on Friday, July 7th. Vetr raised Citigroup from a “buy” rating to a “strong-buy” rating and set a $76.34 price objective for the company in a research note on Thursday, August 3rd. Finally, BMO Capital Markets reissued a “hold” rating and set a $65.00 price objective on shares of Citigroup in a research note on Friday, October 6th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. Citigroup has a consensus rating of “Buy” and an average target price of $74.77.
Citigroup Inc. (C) opened at 73.78 on Tuesday. The stock’s 50 day moving average price is $72.49 and its 200 day moving average price is $66.53. Citigroup Inc. has a one year low of $47.70 and a one year high of $76.14. The company has a market capitalization of $195.07 billion, a P/E ratio of 14.24 and a beta of 1.45.
Citigroup (NYSE:C) last issued its earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.32 by $0.10. The business had revenue of $18.17 billion during the quarter, compared to analysts’ expectations of $17.87 billion. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.24 EPS. Equities analysts anticipate that Citigroup Inc. will post $5.32 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Monday, November 6th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Friday, November 3rd. Citigroup’s payout ratio is 24.66%.
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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