Citigroup Inc. $C Stock Holdings Lessened by DSG Capital Advisors LLC

DSG Capital Advisors LLC trimmed its holdings in shares of Citigroup Inc. (NYSE:C) by 4.4% in the third quarter, HoldingsChannel reports. The firm owned 93,974 shares of the company’s stock after selling 4,312 shares during the period. Citigroup makes up 1.7% of DSG Capital Advisors LLC’s portfolio, making the stock its 17th biggest position. DSG Capital Advisors LLC’s holdings in Citigroup were worth $12,168,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. State Street Corp grew its holdings in shares of Citigroup by 3.7% during the second quarter. State Street Corp now owns 80,956,349 shares of the company’s stock worth $11,199,986,000 after purchasing an additional 2,913,701 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Citigroup in the second quarter valued at $3,244,602,000. Bank of America Corp DE increased its stake in shares of Citigroup by 2.8% in the first quarter. Bank of America Corp DE now owns 26,869,012 shares of the company’s stock valued at $3,047,215,000 after buying an additional 728,043 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Citigroup by 10.7% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,467,857 shares of the company’s stock valued at $1,745,001,000 after buying an additional 1,210,006 shares during the last quarter. Finally, Amundi raised its holdings in shares of Citigroup by 3.2% in the first quarter. Amundi now owns 12,126,823 shares of the company’s stock valued at $1,375,303,000 after buying an additional 374,840 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Up 0.3%

NYSE C opened at $122.29 on Wednesday. The stock has a market capitalization of $208.58 billion, a P/E ratio of 11.93, a price-to-earnings-growth ratio of 0.54 and a beta of 1.18. Citigroup Inc. has a 52 week low of $95.83 and a 52 week high of $147.96. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a fifty day moving average of $128.52 and a 200-day moving average of $126.67.

Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, October 13th. The company reported $2.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.19. Citigroup had a return on equity of 10.57% and a net margin of 10.97%. The business had revenue of $23.84 billion for the quarter, compared to analyst estimates of $23.74 billion. During the same quarter in the prior year, the firm posted $1.86 earnings per share. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities research analysts forecast that Citigroup Inc. will post 11.44 EPS for the current year.

Citigroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Monday, November 2nd will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Monday, November 2nd. Citigroup’s dividend payout ratio (DPR) is presently 26.15%.

Analyst Upgrades and Downgrades

C has been the topic of several research reports. Wall Street Zen upgraded shares of Citigroup from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings cut shares of Citigroup from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, October 2nd. TD Cowen lowered their price objective on shares of Citigroup from $150.00 to $148.00 and set a “buy” rating for the company in a research report on Wednesday, October 14th. Evercore set a $135.00 target price on shares of Citigroup in a research note on Wednesday, October 14th. Finally, Royal Bank Of Canada reduced their target price on shares of Citigroup from $150.00 to $135.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 14th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Citigroup currently has a consensus rating of “Moderate Buy” and an average target price of $150.87.

Citigroup News Roundup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup is among a group of global banks committing about $270 million to fund a U.S.-based stablecoin issuer for its first five years. The venture could give Citi a role in the growing digital-payments market, though its expected returns and Citi’s individual contribution were not disclosed. Article: Goldman, Citi join global banks in $270 million stablecoin venture
• Positive Sentiment: CEO Jane Fraser said a newly approved brokerage license gives Citi an edge over rivals in China, supporting the bank’s growth ambitions in the market. The opportunity may take time to translate into material results and remains subject to local operating conditions. Article: Citigroup’s Fraser Says China License Gives Bank Edge on Rivals
• Neutral Sentiment: Citi announced it will redeem all $1 billion of its Series Y preferred stock. This is a capital-structure action; the report did not describe a change to the bank’s business outlook. Article: Citigroup Announces Full Redemption of Series Y Preferred Stock

Citigroup Profile

Citigroup Inc. is a global financial services company headquartered in New York City. Founded in 1812 as the City Bank of New York, it has grown into an international banking organization serving individuals, businesses, governments and institutions. The company provides consumer banking and wealth management services, including deposits, lending, credit cards and investment services. For corporate and institutional clients, Citi offers transaction banking, treasury and trade solutions, securities services, investment banking, and markets and financing services.