Tiaa Fsb Invests $5.77 Million in Citigroup Inc. (C)

Tiaa Fsb purchased a new position in Citigroup Inc. (NYSE:C) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 86,240 shares of the financial services provider’s stock, valued at approximately $5,768,000.

A number of other large investors have also bought and sold shares of C. Private Advisor Group LLC raised its position in Citigroup by 38.8% in the first quarter. Private Advisor Group LLC now owns 73,965 shares of the financial services provider’s stock worth $3,513,000 after purchasing an additional 20,688 shares in the last quarter. Chatham Capital Group Inc. acquired a new position in Citigroup in the first quarter worth about $275,000. Pinnacle Associates Ltd. raised its position in Citigroup by 19.3% in the first quarter. Pinnacle Associates Ltd. now owns 473,409 shares of the financial services provider’s stock worth $28,319,000 after purchasing an additional 76,642 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its position in Citigroup by 8.7% in the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 334,884 shares of the financial services provider’s stock worth $20,189,000 after purchasing an additional 26,827 shares in the last quarter. Finally, Meiji Yasuda Life Insurance Co raised its position in Citigroup by 9.1% in the first quarter. Meiji Yasuda Life Insurance Co now owns 98,768 shares of the financial services provider’s stock worth $5,908,000 after purchasing an additional 8,200 shares in the last quarter. 78.15% of the stock is owned by hedge funds and other institutional investors.

Citigroup Inc. (C) opened at $71.53 on Wednesday. The firm has a market cap of $190,341.69, a price-to-earnings ratio of 13.87, a PEG ratio of 1.41 and a beta of 1.57. Citigroup Inc. has a 52-week low of $53.71 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 announced its quarterly earnings results 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 company had revenue of $18.17 billion for the quarter, compared to analysts’ expectations of $17.87 billion. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the firm posted $1.24 earnings per share. research analysts anticipate that Citigroup Inc. will post 5.31 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Monday, November 6th will be given a dividend of $0.32 per share. The ex-dividend date is Friday, November 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.79%. Citigroup’s dividend payout ratio is 24.66%.

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Several analysts have recently weighed in on C shares. Keefe, Bruyette & Woods set a $75.00 price objective on shares of Citigroup and gave the stock a “buy” rating in a report on Sunday, August 13th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Citigroup in a report on Monday, October 2nd. Raymond James Financial, Inc. reaffirmed an “underperform” rating on shares of Citigroup in a report on Wednesday, September 27th. Deutsche Bank AG reaffirmed a “hold” rating and set a $67.00 price objective (up previously from $61.00) on shares of Citigroup in a report on Tuesday, September 26th. Finally, Atlantic Securities reaffirmed an “overweight” rating and set a $85.00 price objective (up previously from $75.00) on shares of Citigroup in a report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $74.77.

Citigroup 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.

Institutional Ownership by Quarter for Citigroup (NYSE:C)

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