Roanoke Asset Management Corp NY trimmed its position in Citigroup Inc. (NYSE:C) by 7.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 63,149 shares of the financial services provider’s stock after selling 4,910 shares during the quarter. Citigroup accounts for 2.2% of Roanoke Asset Management Corp NY’s holdings, making the stock its 13th largest holding. Roanoke Asset Management Corp NY’s holdings in Citigroup were worth $4,593,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in C. Catamount Wealth Management bought a new position in Citigroup in the second quarter valued at approximately $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in Citigroup by 206.0% in 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 acquiring an additional 1,030 shares during the last quarter. Balentine LLC increased its stake in Citigroup by 20.2% in the second quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 272 shares during the last quarter. Acrospire Investment Management LLC increased its stake in Citigroup by 21.4% in the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock valued at $114,000 after acquiring an additional 300 shares during the last quarter. Finally, Shine Investment Advisory Services Inc. bought a new position in Citigroup in the second quarter valued at approximately $123,000. 78.59% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have weighed in on C. Raymond James Financial began coverage on shares of Citigroup in a research report on Tuesday, October 31st. They issued a “hold” rating on the stock. Morgan Stanley raised their target price on shares of Citigroup from $73.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, October 13th. BidaskClub upgraded shares of Citigroup from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 10th. Deutsche Bank restated a “hold” rating and issued a $67.00 target price (up previously from $61.00) on shares of Citigroup in a research report on Tuesday, September 26th. Finally, Societe Generale lowered shares of Citigroup from a “hold” rating to a “sell” rating and set a $65.00 target price on the stock. in a research report on Monday, October 16th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $76.54.
Citigroup (NYSE:C) last released its earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.10. The business had revenue of $18.17 billion for the quarter, compared to analyst estimates of $17.87 billion. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. Citigroup’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.24 earnings per share. research analysts forecast that Citigroup Inc. will post 5.3 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Monday, November 6th were issued a $0.32 dividend. The ex-dividend date was Friday, November 3rd. This represents a $1.28 annualized dividend and a yield of 1.71%. Citigroup’s payout ratio is 24.66%.
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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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