Destination Wealth Management lifted its stake in Citigroup Inc. (NYSE:C) by 0.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 184,133 shares of the financial services provider’s stock after buying an additional 1,508 shares during the quarter. Destination Wealth Management’s holdings in Citigroup were worth $12,315,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vantage Financial Partners Ltd. Inc. bought a new position in shares of Citigroup in the second quarter worth about $1,034,000. Catamount Wealth Management bought a new position in shares of Citigroup in the second quarter worth about $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in shares of Citigroup by 206.0% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock worth $102,000 after buying an additional 1,030 shares during the period. Dubuque Bank & Trust Co. raised its stake in shares of Citigroup by 60.8% in the second quarter. Dubuque Bank & Trust Co. now owns 1,584 shares of the financial services provider’s stock worth $106,000 after buying an additional 599 shares during the period. Finally, Patten Group Inc. raised its stake in shares of Citigroup by 6.6% in the first quarter. Patten Group Inc. now owns 1,765 shares of the financial services provider’s stock worth $105,000 after buying an additional 110 shares during the period. 78.10% of the stock is currently owned by hedge funds and other institutional investors.
Citigroup Inc. (C) opened at $72.34 on Thursday. Citigroup Inc. has a 1-year low of $49.03 and a 1-year high of $76.14. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $192,245.38, a price-to-earnings ratio of 14.01, a P/E/G ratio of 1.43 and a beta of 1.57.
Citigroup (NYSE:C) last posted its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.10. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The company had revenue of $18.17 billion during the quarter, compared to analysts’ expectations of $17.87 billion. During the same quarter in the previous year, the business earned $1.24 EPS. Citigroup’s revenue was up 2.3% compared to the same quarter last year. equities analysts expect that Citigroup Inc. will post 5.29 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Monday, November 6th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date is Friday, November 3rd. Citigroup’s payout ratio is currently 24.66%.
Several brokerages recently issued reports on C. Wells Fargo & Company began coverage on Citigroup in a research note on Wednesday, August 9th. They set an “outperform” rating and a $90.00 target price on the stock. Raymond James Financial, Inc. began coverage on Citigroup in a research note on Tuesday, October 31st. They set a “hold” rating on the stock. HSBC Holdings plc set a $74.00 target price on Citigroup and gave the company a “hold” rating in a research note on Friday, August 11th. Morgan Stanley lifted their target price on Citigroup from $73.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, October 13th. Finally, BidaskClub raised Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $74.77.
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Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.
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