BlueCrest Capital Management Ltd lowered its position in Citigroup Inc. (NYSE:C) by 47.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 46,720 shares of the financial services provider’s stock after selling 42,561 shares during the period. BlueCrest Capital Management Ltd’s holdings in Citigroup were worth $3,125,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Vantage Financial Partners Ltd. Inc. bought a new stake in shares of Citigroup in the second quarter valued at approximately $1,034,000. Catamount Wealth Management acquired a new position in shares of Citigroup in the second quarter valued at $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in shares of 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 purchasing an additional 1,030 shares in the last quarter. Dubuque Bank & Trust Co. raised its stake in shares of 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 purchasing an additional 599 shares in the last quarter. Finally, Acrospire Investment Management LLC raised its stake in shares of 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 purchasing an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 78.59% of the company’s stock.
Several research analysts have issued reports on the company. Keefe, Bruyette & Woods set a $75.00 price objective on Citigroup and gave the stock a “buy” rating in a research note on Sunday, August 13th. Vetr lowered Citigroup from a “buy” rating to a “hold” rating and set a $76.38 price objective for the company. in a research note on Wednesday, November 29th. Wells Fargo & Company reiterated a “buy” rating on shares of Citigroup in a research note on Monday, October 2nd. Raymond James Financial reiterated an “underperform” rating on shares of Citigroup in a research note on Wednesday, September 27th. Finally, Deutsche Bank reiterated a “hold” rating and set a $67.00 price objective (up from $61.00) on shares of Citigroup in a research note on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Citigroup presently has a consensus rating of “Buy” and an average price target of $75.83.
Citigroup Inc. (NYSE:C) opened at $76.54 on Wednesday. Citigroup Inc. has a 1-year low of $55.23 and a 1-year high of $77.92. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $203,852.55, a PE ratio of 14.85, a PEG ratio of 1.51 and a beta of 1.55.
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 business had revenue of $18.17 billion for the quarter, compared to analysts’ expectations of $17.87 billion. During the same quarter in the previous year, the business posted $1.24 EPS. Citigroup’s revenue for the quarter was up 2.3% on a year-over-year basis. analysts forecast that Citigroup Inc. will post 5.31 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Monday, November 6th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $1.28 annualized dividend and a dividend yield of 1.67%. Citigroup’s dividend payout ratio is currently 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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