APG Asset Management N.V. increased its position in shares of Citigroup Inc. (NYSE:C) by 10.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,092,265 shares of the financial services provider’s stock after acquiring an additional 971,629 shares during the period. Citigroup comprises 1.2% of APG Asset Management N.V.’s investment portfolio, making the stock its 8th biggest position. APG Asset Management N.V. owned approximately 0.37% of Citigroup worth $734,111,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of C. Catamount Wealth Management acquired a new position in Citigroup during the 2nd quarter worth about $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake in 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 acquiring an additional 1,030 shares in the last quarter. Patten Group Inc. lifted its stake in Citigroup by 6.6% during the 1st quarter. Patten Group Inc. now owns 1,765 shares of the financial services provider’s stock worth $105,000 after acquiring an additional 110 shares in the last quarter. Balentine LLC lifted its stake in Citigroup by 20.2% during the 2nd quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after acquiring an additional 272 shares in the last quarter. Finally, Acrospire Investment Management LLC lifted its stake in 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 acquiring an additional 300 shares in the last quarter. 78.59% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms recently issued reports on C. Royal Bank Of Canada reissued a “buy” rating and set a $75.00 target price on shares of Citigroup in a research note on Wednesday, September 27th. Societe Generale raised Citigroup from a “sell” rating to a “hold” rating and increased their target price for the stock from $63.00 to $70.00 in a research note on Monday, September 11th. ValuEngine raised Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Keefe, Bruyette & Woods set a $75.00 target price on Citigroup and gave the stock a “buy” rating in a research note on Sunday, August 13th. Finally, Jefferies Group set a $81.00 price target on Citigroup and gave the stock a “neutral” rating in a report on Thursday, October 12th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $75.83.
Shares of Citigroup Inc. (NYSE:C) opened at $75.71 on Friday. Citigroup Inc. has a 1-year low of $55.23 and a 1-year high of $77.92. The firm has a market capitalization of $200,177.39, a PE ratio of 14.59, a price-to-earnings-growth ratio of 1.48 and a beta of 1.55. 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 (NYSE:C) last released its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $17.87 billion. During the same quarter in the prior year, the business posted $1.24 EPS. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. equities analysts expect that Citigroup Inc. will post 5.31 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Monday, November 6th were issued a $0.32 dividend. The ex-dividend date was Friday, November 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.69%. Citigroup’s 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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