Cetera Advisor Networks LLC boosted its holdings in shares of Citigroup Inc. (NYSE:C – Get Rating) by 26.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 72,439 shares of the company’s stock after purchasing an additional 14,987 shares during the period. Cetera Advisor Networks LLC’s holdings in Citigroup were worth $3,332,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bridgewater Associates LP increased its holdings in Citigroup by 30.7% in the second quarter. Bridgewater Associates LP now owns 524,393 shares of the company’s stock valued at $24,117,000 after buying an additional 123,246 shares in the last quarter. Apollon Wealth Management LLC increased its holdings in Citigroup by 21.6% in the second quarter. Apollon Wealth Management LLC now owns 39,804 shares of the company’s stock valued at $1,831,000 after buying an additional 7,061 shares in the last quarter. O Shaughnessy Asset Management LLC increased its holdings in Citigroup by 42.8% in the second quarter. O Shaughnessy Asset Management LLC now owns 1,937,903 shares of the company’s stock valued at $89,124,000 after buying an additional 580,358 shares in the last quarter. Perigon Wealth Management LLC increased its holdings in Citigroup by 30.0% in the second quarter. Perigon Wealth Management LLC now owns 17,760 shares of the company’s stock valued at $817,000 after buying an additional 4,096 shares in the last quarter. Finally, FORA Capital LLC purchased a new position in Citigroup in the second quarter valued at $662,000. 71.46% of the stock is currently owned by institutional investors and hedge funds.
Citigroup Stock Performance
NYSE:C opened at $48.24 on Thursday. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market capitalization of $93.43 billion, a price-to-earnings ratio of 6.61, a PEG ratio of 0.71 and a beta of 1.58. The company’s 50-day moving average is $45.29 and its two-hundred day moving average is $48.30. Citigroup Inc. has a 1-year low of $40.01 and a 1-year high of $69.11.
Citigroup Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 23rd. Shareholders of record on Monday, November 7th were issued a $0.51 dividend. The ex-dividend date was Friday, November 4th. This represents a $2.04 annualized dividend and a yield of 4.23%. Citigroup’s payout ratio is 27.95%.
Insider Transactions at Citigroup
In other news, insider Citigroup Inc sold 4,614,358 shares of the company’s stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $36.25, for a total value of $167,270,477.50. Following the transaction, the insider now directly owns 15,318 shares in the company, valued at approximately $555,277.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.08% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on C. Credit Suisse Group set a $54.00 target price on shares of Citigroup in a research note on Monday, October 10th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Citigroup from $55.00 to $52.00 and set a “hold” rating for the company in a research note on Monday, September 12th. JPMorgan Chase & Co. boosted their target price on shares of Citigroup from $49.00 to $49.50 in a research note on Wednesday, November 2nd. BMO Capital Markets cut their target price on shares of Citigroup from $76.00 to $71.00 and set an “outperform” rating for the company in a research note on Monday, October 17th. Finally, Morgan Stanley cut their target price on shares of Citigroup from $46.00 to $44.00 and set an “underweight” rating for the company in a research note on Wednesday, October 5th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $58.60.
Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
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