Vanguard Group Inc. decreased its stake in Citigroup Inc (NYSE:C) by 5.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 172,455,150 shares of the financial services provider’s stock after selling 10,634,618 shares during the quarter. Vanguard Group Inc. owned 8.28% of Citigroup worth $8,812,457,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Lincoln National Corp increased its holdings in shares of Citigroup by 72.3% in the first quarter. Lincoln National Corp now owns 22,353 shares of the financial services provider’s stock worth $941,000 after acquiring an additional 9,377 shares in the last quarter. Cullen Capital Management LLC raised its holdings in Citigroup by 13,186.1% during the 1st quarter. Cullen Capital Management LLC now owns 1,684,677 shares of the financial services provider’s stock worth $70,959,000 after buying an additional 1,671,997 shares during the period. Schafer Cullen Capital Management Inc lifted its stake in Citigroup by 4,148.3% in the first quarter. Schafer Cullen Capital Management Inc now owns 1,684,677 shares of the financial services provider’s stock valued at $70,959,000 after buying an additional 1,645,022 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of Citigroup by 131.6% in the first quarter. Parkside Financial Bank & Trust now owns 8,079 shares of the financial services provider’s stock valued at $340,000 after buying an additional 4,591 shares during the period. Finally, Investors Research Corp increased its position in shares of Citigroup by 7.2% during the first quarter. Investors Research Corp now owns 11,228 shares of the financial services provider’s stock worth $473,000 after acquiring an additional 750 shares in the last quarter. Hedge funds and other institutional investors own 75.57% of the company’s stock.
C has been the subject of a number of research reports. Wells Fargo & Co increased their target price on Citigroup from $60.00 to $72.00 in a report on Friday, June 5th. Standpoint Research downgraded Citigroup from a “buy” rating to a “hold” rating in a research report on Tuesday, June 9th. Odeon Capital Group cut shares of Citigroup from a “hold” rating to a “sell” rating in a research note on Tuesday, August 18th. Bank of America boosted their price objective on shares of Citigroup from $73.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Finally, BMO Capital Markets raised their target price on shares of Citigroup from $82.00 to $87.00 in a research report on Wednesday, July 15th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and nineteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $74.03.
Shares of NYSE:C traded up $1.02 during trading on Friday, reaching $52.52. 25,030,959 shares of the stock were exchanged, compared to its average volume of 18,157,006. The firm has a market cap of $109.34 billion, a PE ratio of 9.10, a PEG ratio of 1.55 and a beta of 1.75. The stock has a 50-day moving average price of $51.28 and a 200-day moving average price of $51.12. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.60. Citigroup Inc has a 12 month low of $32.00 and a 12 month high of $83.11.
Citigroup (NYSE:C) last issued its earnings results on Tuesday, July 14th. The financial services provider reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.03. The company had revenue of $19.77 billion during the quarter, compared to analysts’ expectations of $19.06 billion. Citigroup had a return on equity of 7.40% and a net margin of 13.64%. Citigroup’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.95 EPS. On average, sell-side analysts expect that Citigroup Inc will post 3.22 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 3rd were issued a dividend of $0.51 per share. The ex-dividend date was Friday, July 31st. This represents a $2.04 dividend on an annualized basis and a yield of 3.88%. Citigroup’s dividend payout ratio is currently 26.91%.
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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