Rathbone Brothers plc Raises Position in Citigroup Inc (NYSE:C)

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Rathbone Brothers plc lifted its position in shares of Citigroup Inc (NYSE:C) by 5.4% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 239,505 shares of the financial services provider’s stock after buying an additional 12,301 shares during the quarter. Rathbone Brothers plc’s holdings in Citigroup were worth $17,182,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Bridge Creek Capital Management LLC grew its holdings in Citigroup by 5.5% during the 3rd quarter. Bridge Creek Capital Management LLC now owns 43,686 shares of the financial services provider’s stock valued at $3,134,000 after purchasing an additional 2,291 shares during the last quarter. BLB&B Advisors LLC boosted its position in Citigroup by 78.8% in the 3rd quarter. BLB&B Advisors LLC now owns 5,581 shares of the financial services provider’s stock valued at $400,000 after buying an additional 2,460 shares during the period. MAI Capital Management boosted its position in Citigroup by 18.4% in the 3rd quarter. MAI Capital Management now owns 168,128 shares of the financial services provider’s stock valued at $12,061,000 after buying an additional 26,117 shares during the period. KAMES CAPITAL plc purchased a new stake in Citigroup in the 3rd quarter valued at about $370,000. Finally, Gradient Investments LLC lifted its position in shares of Citigroup by 4.8% in the 3rd quarter. Gradient Investments LLC now owns 137,902 shares of the financial services provider’s stock worth $9,893,000 after purchasing an additional 6,314 shares during the period. Institutional investors and hedge funds own 74.84% of the company’s stock.

In other news, CEO Francisco Aristeguieta sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $72.36, for a total transaction of $1,085,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.11% of the stock is currently owned by insiders.

A number of equities research analysts recently commented on the stock. ValuEngine cut shares of Citigroup from a “hold” rating to a “sell” rating in a research report on Wednesday, August 15th. Royal Bank of Canada restated a “buy” rating and set a $85.00 price target on shares of Citigroup in a research note on Monday, July 16th. Morgan Stanley cut their price target on shares of Citigroup from $88.00 to $84.00 and set an “overweight” rating on the stock in a research note on Monday, July 16th. Wolfe Research began coverage on shares of Citigroup in a research note on Tuesday, September 25th. They issued an “outperform” rating on the stock. Finally, Vining Sparks reiterated a “buy” rating and issued a $77.00 price objective on shares of Citigroup in a research note on Tuesday, October 9th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and fifteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $82.91.

Shares of C opened at $65.92 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.32. The stock has a market cap of $169.42 billion, a price-to-earnings ratio of 12.37, a P/E/G ratio of 0.86 and a beta of 1.47. Citigroup Inc has a 1-year low of $63.18 and a 1-year high of $80.70.

Citigroup (NYSE:C) last issued its quarterly earnings results on Friday, October 12th. The financial services provider reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.07. Citigroup had a negative net margin of 4.81% and a positive return on equity of 9.42%. The company had revenue of $18.39 billion during the quarter, compared to the consensus estimate of $18.43 billion. During the same quarter in the previous year, the firm earned $1.42 earnings per share. As a group, equities research analysts predict that Citigroup Inc will post 6.69 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 21st. Stockholders of record on Monday, November 5th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, November 2nd. This represents a $1.80 annualized dividend and a dividend yield of 2.73%. Citigroup’s dividend payout ratio is presently 33.77%.

About Citigroup

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.

See Also: Do stock splits help investors?

Institutional Ownership by Quarter for Citigroup (NYSE:C)

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