Cibc World Markets Corp Raises Holdings in Citigroup Inc. (C)

Cibc World Markets Corp lifted its stake in shares of Citigroup Inc. (NYSE:C) by 299.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 519,061 shares of the financial services provider’s stock after purchasing an additional 779,706 shares during the quarter. Cibc World Markets Corp’s holdings in Citigroup were worth $34,715,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vantage Financial Partners Ltd. Inc. acquired a new stake in shares of Citigroup during the 2nd quarter worth $1,034,000. Catamount Wealth Management acquired a new stake in shares of Citigroup during the 2nd quarter worth $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its holdings in shares of Citigroup by 206.0% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 1,030 shares in the last quarter. Dubuque Bank & Trust Co. grew its holdings in shares of Citigroup by 60.8% during the 2nd quarter. Dubuque Bank & Trust Co. now owns 1,584 shares of the financial services provider’s stock worth $106,000 after purchasing an additional 599 shares in the last quarter. Finally, Acrospire Investment Management LLC grew its holdings in shares of Citigroup by 21.4% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 300 shares in the last quarter. 78.15% of the stock is currently owned by institutional investors.

Shares of Citigroup Inc. (NYSE:C) opened at $71.73 on Thursday. Citigroup Inc. has a one year low of $54.21 and a one year high of $76.14. The company has a market capitalization of $189,125.45, a P/E ratio of 13.78, a P/E/G ratio of 1.40 and a beta of 1.57. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.01 and a current ratio of 1.01.

Citigroup (NYSE:C) last released its earnings results on Thursday, October 12th. The financial services provider reported $1.42 EPS for the quarter, topping the 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 business had revenue of $18.17 billion during the quarter, compared to analysts’ expectations of $17.87 billion. During the same quarter last year, the firm posted $1.24 earnings per share. The firm’s revenue was up 2.3% on a year-over-year basis. analysts forecast that Citigroup Inc. will post 5.31 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Monday, November 6th will be paid a dividend of $0.32 per share. The ex-dividend date is Friday, November 3rd. This represents a $1.28 annualized dividend and a yield of 1.78%. Citigroup’s dividend payout ratio is currently 24.66%.

C has been the topic of several research analyst reports. Wells Fargo & Company initiated coverage on Citigroup in a research note on Wednesday, August 9th. They issued an “outperform” rating and a $90.00 price objective on the stock. Raymond James Financial, Inc. initiated coverage on Citigroup in a research note on Tuesday, October 31st. They issued a “hold” rating on the stock. set a $74.00 price objective on Citigroup and gave the company a “hold” rating in a research note on Friday, August 11th. Morgan Stanley raised their price objective 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 equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. Citigroup presently has an average rating of “Buy” and a consensus price target of $74.77.

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About Citigroup

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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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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