Northern Trust Corp grew its holdings in Citigroup Inc. (NYSE:C) by 3.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,097,795 shares of the financial services provider’s stock after buying an additional 1,011,532 shares during the period. Citigroup accounts for about 0.6% of Northern Trust Corp’s portfolio, making the stock its 23rd biggest holding. Northern Trust Corp owned approximately 1.25% of Citigroup worth $2,280,461,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in Citigroup by 2,718.7% during the 1st quarter. BlackRock Inc. now owns 196,415,461 shares of the financial services provider’s stock worth $11,749,573,000 after purchasing an additional 189,447,104 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Citigroup by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 183,198,941 shares of the financial services provider’s stock worth $10,958,960,000 after purchasing an additional 4,391,347 shares during the last quarter. FMR LLC lifted its holdings in Citigroup by 18.2% during the 1st quarter. FMR LLC now owns 105,742,815 shares of the financial services provider’s stock worth $6,325,535,000 after purchasing an additional 16,257,931 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Citigroup by 6.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 46,110,561 shares of the financial services provider’s stock worth $3,083,874,000 after purchasing an additional 2,943,282 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Citigroup by 1.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 27,470,583 shares of the financial services provider’s stock worth $1,643,290,000 after purchasing an additional 496,413 shares during the last quarter. 78.15% of the stock is owned by institutional investors.
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C has been the subject of several research reports. Atlantic Securities reissued an “overweight” rating and set a $85.00 price target (up from $75.00) on shares of Citigroup in a report on Tuesday, September 26th. Bank of America Corporation reissued a “neutral” rating on shares of Citigroup in a report on Wednesday, October 11th. Vetr raised Citigroup from a “buy” rating to a “strong-buy” rating and set a $76.34 price target for the company in a report on Thursday, August 3rd. BMO Capital Markets reissued a “hold” rating and set a $65.00 price target on shares of Citigroup in a report on Friday, October 6th. Finally, Raymond James Financial, Inc. initiated coverage on Citigroup in a report on Tuesday, October 31st. They set a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $74.77.
Shares of Citigroup Inc. (NYSE C) opened at $71.99 on Tuesday. The firm has a market capitalization 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. Citigroup Inc. has a 52-week low of $53.00 and a 52-week 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.
Citigroup (NYSE:C) last issued its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.10. The business had revenue of $18.17 billion for the quarter, compared to analyst estimates of $17.87 billion. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. Citigroup’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.24 EPS. analysts forecast that Citigroup Inc. will post 5.29 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Monday, November 6th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend is Friday, November 3rd. Citigroup’s payout ratio is presently 24.66%.
Citigroup Company Profile
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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