Trustmark National Bank Trust Department lifted its position in shares of Citigroup Inc. (NYSE:C) by 24.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 109,080 shares of the company’s stock after buying an additional 21,710 shares during the period. Citigroup makes up approximately 0.8% of Trustmark National Bank Trust Department’s portfolio, making the stock its 28th largest position. Trustmark National Bank Trust Department’s holdings in Citigroup were worth $7,295,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in C. Catamount Wealth Management acquired a new stake in Citigroup in the 2nd quarter valued at approximately $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its holdings in Citigroup by 206.0% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the company’s stock valued at $102,000 after purchasing an additional 1,030 shares during the last quarter. Patten Group Inc. increased its holdings in Citigroup by 6.6% in the 1st quarter. Patten Group Inc. now owns 1,765 shares of the company’s stock valued at $105,000 after purchasing an additional 110 shares during the last quarter. Dubuque Bank & Trust Co. increased its holdings in Citigroup by 60.8% in the 2nd quarter. Dubuque Bank & Trust Co. now owns 1,584 shares of the company’s stock valued at $106,000 after purchasing an additional 599 shares during the last quarter. Finally, Acrospire Investment Management LLC increased its holdings in Citigroup by 21.4% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the company’s stock valued at $114,000 after purchasing an additional 300 shares during the last quarter. Institutional investors and hedge funds own 78.15% of the company’s stock.
Shares of Citigroup Inc. (NYSE C) opened at C$72.25 on Monday. Citigroup Inc. has a 1 year low of C$51.60 and a 1 year high of C$76.14. The firm has a market cap of $191,029.14, a price-to-earnings ratio of 13.92, a P/E/G ratio of 1.42 and a beta of 1.57. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.11.
Citigroup (NYSE:C) last announced its earnings results on Thursday, October 12th. The company reported C$1.42 EPS for the quarter, beating analysts’ consensus estimates of C$1.32 by C$0.10. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The business had revenue of C$18.17 billion during the quarter, compared to analysts’ expectations of C$17.87 billion. During the same period in the prior year, the company earned $1.24 earnings per share. The business’s revenue was up 2.3% compared to the same quarter last year. equities analysts predict that Citigroup Inc. will post 5.29 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Monday, November 6th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.77%. Citigroup’s payout ratio is 24.66%.
Several analysts recently weighed in on C shares. ValuEngine upgraded shares of Citigroup from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Credit Suisse Group reiterated a “buy” rating and issued a $73.00 target price on shares of Citigroup in a report on Wednesday, September 13th. Morgan Stanley boosted their price target on shares of Citigroup from $73.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, October 13th. Jefferies Group LLC set a $81.00 price target on shares of Citigroup and gave the stock a “neutral” rating in a research note on Thursday, October 12th. Finally, BMO Capital Markets boosted their price target on shares of Citigroup from $65.00 to $67.00 and gave the stock a “market perform” rating in a research note on Friday, October 13th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of C$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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