Andra AP fonden boosted its stake in shares of Citigroup Inc. (NYSE:C) by 1.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 100,400 shares of the financial services provider’s stock after acquiring an additional 1,800 shares during the quarter. Andra AP fonden’s holdings in Citigroup were worth $7,303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of C. Catamount Wealth Management bought a new position in Citigroup during the 2nd quarter valued at approximately $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in Citigroup by 206.0% during the 2nd 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 last quarter. Balentine LLC raised its position in Citigroup by 20.2% during the 2nd quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 272 shares during the last quarter. Acrospire Investment Management LLC raised its position in Citigroup by 21.4% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock valued at $114,000 after purchasing an additional 300 shares during the last quarter. Finally, Shine Investment Advisory Services Inc. bought a new position in Citigroup during the 2nd quarter valued at approximately $123,000. Institutional investors own 78.47% of the company’s stock.
C has been the subject of several research reports. Atlantic Securities reissued an “overweight” rating and issued a $85.00 target price (up previously from $75.00) on shares of Citigroup in a research report on Tuesday, September 26th. Bank of America reissued a “neutral” rating on shares of Citigroup in a research report on Wednesday, October 11th. Raymond James Financial initiated coverage on Citigroup in a research report on Tuesday, October 31st. They issued a “hold” rating for the company. Vetr lowered Citigroup from a “buy” rating to a “hold” rating and set a $76.38 target price for the company. in a research report on Wednesday, November 29th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $65.00 price objective on shares of Citigroup in a research report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have assigned 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 $76.78.
Citigroup (NYSE:C) last issued its earnings results on Thursday, October 12th. The financial services provider reported $1.42 EPS for the quarter, beating the 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 the consensus estimate of $17.87 billion. During the same period last year, the business posted $1.24 EPS. The company’s revenue was up 2.3% compared to the same quarter last year. equities research analysts anticipate that Citigroup Inc. will post 5.3 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Monday, November 6th were paid a dividend of $0.32 per share. The ex-dividend date was Friday, November 3rd. This represents a $1.28 annualized dividend and a yield of 1.71%. Citigroup’s dividend 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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