Family Management Corp Purchases 48,255 Shares of Citigroup Inc. (C)

Family Management Corp boosted its position in Citigroup Inc. (NYSE:C) by 370.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 61,292 shares of the financial services provider’s stock after purchasing an additional 48,255 shares during the quarter. Citigroup makes up approximately 2.8% of Family Management Corp’s investment portfolio, making the stock its 18th largest holding. Family Management Corp’s holdings in Citigroup were worth $4,099,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in C. Capital Analysts LLC increased its holdings in shares of Citigroup by 5.4% during the second quarter. Capital Analysts LLC now owns 45,844 shares of the financial services provider’s stock valued at $3,066,000 after acquiring an additional 2,367 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Citigroup by 5.2% during the second quarter. Principal Financial Group Inc. now owns 4,152,299 shares of the financial services provider’s stock valued at $277,705,000 after acquiring an additional 205,298 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Citigroup by 2,718.7% during the first quarter. BlackRock Inc. now owns 196,415,461 shares of the financial services provider’s stock valued at $11,749,573,000 after acquiring an additional 189,447,104 shares in the last quarter. Amalgamated Bank increased its holdings in shares of Citigroup by 1.0% during the first quarter. Amalgamated Bank now owns 195,156 shares of the financial services provider’s stock valued at $11,674,000 after acquiring an additional 1,937 shares in the last quarter. Finally, Bank of Hawaii increased its holdings in shares of Citigroup by 52.2% during the second quarter. Bank of Hawaii now owns 6,536 shares of the financial services provider’s stock valued at $437,000 after acquiring an additional 2,242 shares in the last quarter. Institutional investors and hedge funds own 78.59% of the company’s stock.

Shares of Citigroup Inc. (NYSE:C) opened at $77.07 on Monday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.01 and a quick ratio of 1.01. Citigroup Inc. has a 52-week low of $55.23 and a 52-week high of $76.89. The company has a market capitalization of $199,648.59, a P/E ratio of 14.55, a price-to-earnings-growth ratio of 1.48 and a beta of 1.55.

Citigroup (NYSE:C) last released its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.32 by $0.10. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The business had revenue of $18.17 billion for the quarter, compared to analyst estimates of $17.87 billion. During the same quarter in the prior year, the firm posted $1.24 EPS. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. sell-side analysts forecast that Citigroup Inc. will post 5.31 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Monday, November 6th were given a $0.32 dividend. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $1.28 annualized dividend and a yield of 1.66%. Citigroup’s dividend payout ratio is presently 24.66%.

Several equities analysts have recently issued reports on C shares. Bank of America restated a “neutral” rating on shares of Citigroup in a report on Wednesday, October 11th. Wells Fargo & Company restated a “buy” rating on shares of Citigroup in a report on Monday, October 2nd. Atlantic Securities restated an “overweight” rating and set a $85.00 price objective (up previously from $75.00) on shares of Citigroup in a report on Tuesday, September 26th. BMO Capital Markets upped their price objective on shares of Citigroup from $65.00 to $67.00 and gave the company a “market perform” rating in a report on Friday, October 13th. Finally, Credit Suisse Group restated a “buy” rating and set a $73.00 price objective on shares of Citigroup in a report on Wednesday, September 13th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $75.61.

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About Citigroup

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.

Institutional Ownership by Quarter for Citigroup (NYSE:C)

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