Citigroup Inc. $C Holdings Raised by LGT Group Foundation

LGT Group Foundation increased its stake in Citigroup Inc. (NYSE:CFree Report) by 6.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 308,688 shares of the company’s stock after purchasing an additional 17,496 shares during the quarter. LGT Group Foundation’s holdings in Citigroup were worth $30,471,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of C. Wolff Wiese Magana LLC boosted its holdings in shares of Citigroup by 87.6% in the third quarter. Wolff Wiese Magana LLC now owns 257 shares of the company’s stock worth $26,000 after buying an additional 120 shares during the period. Dunhill Financial LLC increased its position in shares of Citigroup by 92.2% in the third quarter. Dunhill Financial LLC now owns 319 shares of the company’s stock worth $32,000 after acquiring an additional 153 shares in the last quarter. Guerra Advisors Inc acquired a new stake in shares of Citigroup during the third quarter valued at approximately $33,000. Howard Hughes Medical Institute purchased a new stake in shares of Citigroup in the 2nd quarter valued at approximately $34,000. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of Citigroup in the 2nd quarter valued at approximately $38,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Stock Down 2.2%

C stock opened at $106.58 on Monday. The company has a 50 day moving average of $115.67 and a two-hundred day moving average of $106.79. The company has a market cap of $186.44 billion, a price-to-earnings ratio of 15.29, a PEG ratio of 0.68 and a beta of 1.17. Citigroup Inc. has a 12-month low of $55.51 and a 12-month high of $125.16. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.63.

Citigroup (NYSE:CGet Free Report) last posted its quarterly earnings results on Wednesday, January 14th. The company reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.16. Citigroup had a net margin of 8.50% and a return on equity of 8.28%. The business had revenue of $19.87 billion for the quarter, compared to the consensus estimate of $20.99 billion. During the same period in the prior year, the business posted $1.34 earnings per share. Citigroup’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, February 2nd were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Monday, February 2nd. Citigroup’s dividend payout ratio is presently 34.43%.

Analysts Set New Price Targets

Several equities analysts have weighed in on C shares. HSBC reiterated a “buy” rating and set a $87.00 price objective on shares of Citigroup in a research report on Wednesday, January 7th. TD Cowen restated a “hold” rating on shares of Citigroup in a report on Wednesday, January 7th. Wolfe Research reiterated an “outperform” rating and set a $141.00 price target on shares of Citigroup in a report on Wednesday, January 7th. JPMorgan Chase & Co. upped their price target on Citigroup from $130.00 to $134.00 and gave the company an “overweight” rating in a research report on Monday, February 9th. Finally, Zacks Research downgraded Citigroup from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. Fourteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $127.25.

View Our Latest Research Report on Citigroup

Key Citigroup News

Here are the key news stories impacting Citigroup this week:

Insider Buying and Selling at Citigroup

In other news, insider Cantu Ernesto Torres sold 43,173 shares of Citigroup stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $111.09, for a total transaction of $4,796,088.57. Following the completion of the sale, the insider directly owned 45,835 shares in the company, valued at $5,091,810.15. The trade was a 48.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.08% of the stock is owned by company insiders.

Citigroup Profile

(Free Report)

Citigroup Inc is a global financial services company headquartered in New York City with roots tracing back to the City Bank of New York, founded in 1812. The modern Citigroup was created through the 1998 merger of Citicorp and Travelers Group and has since operated as a diversified bank holding company that provides a broad range of banking and financial products and services to consumers, corporations, governments and institutions worldwide.

Citi’s principal businesses include retail and commercial banking, credit card and consumer lending products, wealth management and private banking, and a full suite of institutional services.

See Also

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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