Fishman Jay A Ltd. MI purchased a new position in Citigroup Inc (NYSE:C) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,450 shares of the financial services provider’s stock, valued at approximately $376,000.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Personal Wealth Partners bought a new stake in Citigroup during the 2nd quarter valued at $27,000. Mcmillion Capital Management Inc. acquired a new stake in shares of Citigroup in the 2nd quarter worth $31,000. MRA Associates USA LLC acquired a new stake in shares of Citigroup in the 2nd quarter worth $34,000. Garrett Wealth Advisory Group LLC acquired a new stake in shares of Citigroup in the 3rd quarter worth $33,000. Finally, Bray Capital Advisors boosted its position in shares of Citigroup by 257.4% in the 2nd quarter. Bray Capital Advisors now owns 486 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 350 shares in the last quarter. Institutional investors and hedge funds own 76.63% of the company’s stock.
A number of analysts have recently weighed in on C shares. ValuEngine cut Citigroup from a “hold” rating to a “sell” rating in a research report on Monday, October 21st. Keefe, Bruyette & Woods raised Citigroup from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $74.00 to $86.00 in a research report on Friday, July 26th. JPMorgan Chase & Co. raised their price objective on Citigroup from $77.50 to $84.50 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Vining Sparks raised Citigroup to a “buy” rating and set a $80.00 price objective for the company in a research report on Wednesday, October 9th. Finally, UBS Group raised their price objective on Citigroup from $87.00 to $93.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have assigned a buy rating to the company. Citigroup currently has an average rating of “Buy” and a consensus target price of $80.57.
C traded up $0.31 on Friday, reaching $76.12. 7,828,118 shares of the stock were exchanged, compared to its average volume of 14,431,004. The company’s 50-day moving average price is $70.76 and its 200 day moving average price is $68.30. Citigroup Inc has a fifty-two week low of $48.42 and a fifty-two week high of $76.28. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.00 and a quick ratio of 1.01. The firm has a market capitalization of $163.37 billion, a PE ratio of 11.45, a PEG ratio of 0.85 and a beta of 1.80.
Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $2.07 EPS for the quarter, topping the Zacks’ consensus estimate of $1.95 by $0.12. Citigroup had a return on equity of 10.16% and a net margin of 18.28%. The company had revenue of $18.57 billion during the quarter, compared to analysts’ expectations of $18.54 billion. During the same quarter in the previous year, the firm posted $1.73 EPS. The firm’s revenue was up 1.0% compared to the same quarter last year. As a group, equities analysts forecast that Citigroup Inc will post 7.58 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Monday, November 4th will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.68%. Citigroup’s payout ratio is currently 30.68%.
Citigroup Company Profile
Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
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