Cedar Hill Associates LLC bought a new position in shares of Citigroup Inc. (NYSE:C) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 103,430 shares of the financial services provider’s stock, valued at approximately $6,917,000.
Other institutional investors have also added to or reduced their stakes in the company. Meiji Yasuda Life Insurance Co increased its position in shares of Citigroup by 9.1% in the 1st quarter. Meiji Yasuda Life Insurance Co now owns 98,768 shares of the financial services provider’s stock valued at $5,908,000 after purchasing an additional 8,200 shares during the last quarter. FFT Wealth Management LLC purchased a new stake in shares of Citigroup in the 1st quarter valued at approximately $533,000. IronBridge Capital Management LP increased its position in shares of Citigroup by 13.3% in the 1st quarter. IronBridge Capital Management LP now owns 11,950 shares of the financial services provider’s stock valued at $715,000 after purchasing an additional 1,400 shares during the last quarter. Ronald Blue & Co. LLC increased its position in shares of Citigroup by 3.9% in the 1st quarter. Ronald Blue & Co. LLC now owns 5,763 shares of the financial services provider’s stock valued at $345,000 after purchasing an additional 215 shares during the last quarter. Finally, Fishman Jay A Ltd. MI purchased a new stake in shares of Citigroup in the 1st quarter valued at approximately $252,000. Institutional investors own 78.15% of the company’s stock.
C has been the topic of a number of recent analyst reports. Wells Fargo & Company initiated coverage on shares of Citigroup in a research report on Wednesday, August 9th. They issued an “outperform” rating and a $90.00 target price on the stock. Raymond James Financial, Inc. initiated coverage on shares of Citigroup in a research report on Tuesday, October 31st. They issued a “hold” rating on the stock. set a $74.00 target price on shares of Citigroup and gave the company a “hold” rating in a research report on Friday, August 11th. Morgan Stanley increased their target price on shares of Citigroup from $73.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, October 13th. Finally, BidaskClub raised shares of Citigroup from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 10th. 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 assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $74.77.
Shares of Citigroup Inc. (NYSE C) opened at $71.67 on Friday. 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 Inc. has a 52 week low of $54.36 and a 52 week high of $76.14. The company has a market cap of $189,654.27, a PE ratio of 13.82, a P/E/G ratio of 1.40 and a beta of 1.57.
Citigroup (NYSE:C) last announced its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.10. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The firm had revenue of $18.17 billion during the quarter, compared to analysts’ expectations of $17.87 billion. During the same quarter last year, the business earned $1.24 earnings per share. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. research analysts forecast that Citigroup Inc. will post 5.31 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Monday, November 6th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Friday, November 3rd. Citigroup’s dividend payout ratio (DPR) is 24.66%.
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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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