Courier Capital LLC lowered its holdings in Citigroup Inc. (NYSE:C) by 5.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,640 shares of the company’s stock after selling 2,411 shares during the period. Courier Capital LLC’s holdings in Citigroup were worth $1,736,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Nicola Wealth Management LTD. increased its position in shares of Citigroup by 15.1% in the third quarter. Nicola Wealth Management LTD. now owns 305,000 shares of the company’s stock worth $13,149,000 after acquiring an additional 40,000 shares in the last quarter. Zeke Capital Advisors LLC boosted its holdings in shares of Citigroup by 23.5% during the third quarter. Zeke Capital Advisors LLC now owns 17,680 shares of the company’s stock worth $762,000 after purchasing an additional 3,360 shares during the period. Diamond Hill Capital Management Inc. boosted its holdings in shares of Citigroup by 8.1% during the third quarter. Diamond Hill Capital Management Inc. now owns 10,143,816 shares of the company’s stock worth $437,300,000 after purchasing an additional 757,633 shares during the period. Banco Santander S.A. boosted its holdings in shares of Citigroup by 14.7% during the third quarter. Banco Santander S.A. now owns 393,940 shares of the company’s stock worth $16,982,000 after purchasing an additional 50,601 shares during the period. Finally, MainStreet Investment Advisors LLC boosted its holdings in shares of Citigroup by 11.8% during the third quarter. MainStreet Investment Advisors LLC now owns 158,433 shares of the company’s stock worth $6,830,000 after purchasing an additional 16,780 shares during the period. 75.57% of the stock is currently owned by institutional investors.
Several analysts recently commented on the stock. The Goldman Sachs Group cut shares of Citigroup from a “conviction-buy” rating to a “buy” rating in a report on Thursday, October 22nd. JPMorgan Chase & Co. cut shares of Citigroup from an “overweight” rating to a “neutral” rating and set a $57.50 target price for the company. in a research note on Thursday, October 8th. Odeon Capital Group cut shares of Citigroup from a “hold” rating to a “sell” rating in a research note on Tuesday, August 18th. Wells Fargo & Company reduced their target price on shares of Citigroup from $72.00 to $66.00 and set an “overweight” rating for the company in a research note on Tuesday, September 15th. They noted that the move was a valuation call. Finally, Barclays reduced their target price on shares of Citigroup from $78.00 to $63.00 and set an “overweight” rating for the company in a research note on Wednesday, October 14th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and eighteen have given a buy rating to the company. Citigroup currently has a consensus rating of “Buy” and an average target price of $68.93.
Shares of Citigroup stock opened at $49.91 on Tuesday. The firm has a market capitalization of $104.93 billion, a PE ratio of 9.88, a price-to-earnings-growth ratio of 1.08 and a beta of 1.81. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.97 and a quick ratio of 0.97. The company’s fifty day moving average price is $43.99 and its two-hundred day moving average price is $48.32. Citigroup Inc. has a 52-week low of $32.00 and a 52-week high of $83.11.
Citigroup (NYSE:C) last issued its earnings results on Monday, October 19th. The company reported $1.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.39. Citigroup had a net margin of 12.72% and a return on equity of 6.57%. The company had revenue of $17.30 billion for the quarter, compared to the consensus estimate of $17.18 billion. During the same quarter in the previous year, the company earned $1.97 EPS. The firm’s revenue for the quarter was down 6.9% compared to the same quarter last year. Analysts predict that Citigroup Inc. will post 4.26 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Monday, November 2nd will be paid a $0.51 dividend. The ex-dividend date is Friday, October 30th. This represents a $2.04 annualized dividend and a dividend yield of 4.09%. Citigroup’s dividend payout ratio is presently 26.91%.
In other news, Director Gary M. Reiner sold 485 shares of the business’s stock in a transaction on Wednesday, October 14th. The shares were sold at an average price of $102.74, for a total value of $49,828.90. Following the sale, the director now owns 4,462 shares in the company, valued at approximately $458,425.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.07% of the stock is currently owned by insiders.
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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