Destination Wealth Management boosted its position in Citigroup Inc. (NYSE:C) by 0.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 184,133 shares of the financial services provider’s stock after purchasing an additional 1,508 shares during the quarter. Destination Wealth Management’s holdings in Citigroup were worth $12,315,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Amalgamated Bank raised its position in shares of Citigroup by 59.1% during the 2nd quarter. Amalgamated Bank now owns 310,465 shares of the financial services provider’s stock valued at $20,764,000 after buying an additional 115,309 shares in the last quarter. Bahl & Gaynor Inc. raised its position in shares of Citigroup by 8.9% during the 2nd quarter. Bahl & Gaynor Inc. now owns 7,328 shares of the financial services provider’s stock valued at $436,000 after buying an additional 597 shares in the last quarter. Nationwide Fund Advisors raised its position in shares of Citigroup by 28.4% during the 2nd quarter. Nationwide Fund Advisors now owns 2,033,885 shares of the financial services provider’s stock valued at $136,026,000 after buying an additional 449,327 shares in the last quarter. Rock Point Advisors LLC raised its position in shares of Citigroup by 0.3% during the 2nd quarter. Rock Point Advisors LLC now owns 179,439 shares of the financial services provider’s stock valued at $12,001,000 after buying an additional 620 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC raised its position in shares of Citigroup by 40.7% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 8,670 shares of the financial services provider’s stock valued at $580,000 after buying an additional 2,506 shares in the last quarter. Institutional investors and hedge funds own 78.15% of the company’s stock.
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Citigroup Inc. (C) opened at $71.33 on Friday. Citigroup Inc. has a 1-year low of $54.98 and a 1-year high of $76.14. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market cap of $189,500.00, a price-to-earnings ratio of 13.78, a PEG ratio of 1.40 and a beta of 1.57.
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 net margin of 18.11% and a return on equity of 7.48%. The firm had revenue of $18.17 billion for the quarter, compared to the consensus estimate of $17.87 billion. During the same quarter in the previous year, the firm earned $1.24 earnings per share. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. research analysts expect that Citigroup Inc. will post 5.31 EPS for the current fiscal year.
The business 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. This represents a $1.28 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Friday, November 3rd. Citigroup’s dividend payout ratio (DPR) is presently 24.66%.
Several equities analysts recently commented on C shares. Keefe, Bruyette & Woods set a $75.00 target price on shares of Citigroup and gave the company a “buy” rating in a report on Sunday, August 13th. Wells Fargo & Company reissued a “buy” rating on shares of Citigroup in a report on Monday, October 2nd. Raymond James Financial, Inc. reissued an “underperform” rating on shares of Citigroup in a report on Wednesday, September 27th. Deutsche Bank AG reissued a “hold” rating and issued a $67.00 price target (up previously from $61.00) on shares of Citigroup in a report on Tuesday, September 26th. Finally, Atlantic Securities reissued an “overweight” rating and issued a $85.00 price target (up previously from $75.00) on shares of Citigroup in a report on Tuesday, September 26th. One investment 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 company. Citigroup presently has an average rating of “Buy” and an average target price of $74.77.
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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