GMT Capital Corp cut its stake in shares of Citigroup Inc. (NYSE:C) by 1.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,675,775 shares of the financial services provider’s stock after selling 49,100 shares during the period. Citigroup accounts for about 3.9% of GMT Capital Corp’s investment portfolio, making the stock its 3rd biggest holding. GMT Capital Corp owned 0.10% of Citigroup worth $181,712,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Vantage Financial Partners Ltd. Inc. bought a new stake in Citigroup in the second quarter valued at approximately $1,034,000. Catamount Wealth Management bought a new stake in Citigroup in the second quarter valued at approximately $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in Citigroup by 206.0% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock valued at $102,000 after buying an additional 1,030 shares during the period. Dubuque Bank & Trust Co. raised its stake in Citigroup by 60.8% in the second quarter. Dubuque Bank & Trust Co. now owns 1,584 shares of the financial services provider’s stock valued at $106,000 after buying an additional 599 shares during the period. Finally, Acrospire Investment Management LLC raised its stake in Citigroup by 21.4% in the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock valued at $114,000 after buying an additional 300 shares during the period. 77.98% of the stock is owned by hedge funds and other institutional investors.
C has been the topic of several research analyst reports. Bank of America Corporation restated a “neutral” rating on shares of Citigroup in a research note on Wednesday, October 11th. Credit Suisse Group reiterated an “outperform” rating and set a $76.00 target price (up previously from $70.00) on shares of Citigroup in a research note on Wednesday, July 26th. Wells Fargo & Company reiterated a “buy” rating on shares of Citigroup in a research note on Monday, October 2nd. Atlantic Securities reiterated an “overweight” rating and set a $85.00 target price (up previously from $75.00) on shares of Citigroup in a research note on Tuesday, September 26th. Finally, Vetr lowered Citigroup from a “strong-buy” rating to a “buy” rating and set a $76.22 target price on the stock. in a research note on Monday, July 31st. One research analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. Citigroup presently has an average rating of “Buy” and an average price target of $75.61.
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Shares of Citigroup Inc. (NYSE C) opened at $71.33 on Monday. 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 Inc. has a twelve month low of $54.98 and a twelve month high of $76.14. The firm has a market capitalization of $188,596.67, a price-to-earnings ratio of 13.74, a P/E/G ratio of 1.40 and a beta of 1.57.
Citigroup (NYSE:C) last released its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 earnings per share for the quarter, beating the Thomson Reuters’ 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 company had revenue of $18.17 billion for the quarter, compared to the consensus estimate of $17.87 billion. During the same quarter last year, the business posted $1.24 EPS. Citigroup’s revenue for the quarter was up 2.3% on a year-over-year basis. research analysts forecast that Citigroup Inc. will post 5.31 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors 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 dividend yield of 1.79%. The ex-dividend date of this dividend is Friday, November 3rd. Citigroup’s dividend payout ratio (DPR) is 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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