First Trust Advisors LP trimmed its position in Citigroup Inc. (NYSE:C) by 8.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,591,702 shares of the financial services provider’s stock after selling 153,815 shares during the quarter. First Trust Advisors LP owned approximately 0.06% of Citigroup worth $115,780,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Investors Asset Management of Georgia Inc. GA ADV raised its position in shares of Citigroup by 0.8% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 5,359 shares of the financial services provider’s stock valued at $358,000 after purchasing an additional 40 shares during the period. Leisure Capital Management raised its position in shares of Citigroup by 1.6% in the second quarter. Leisure Capital Management now owns 3,763 shares of the financial services provider’s stock valued at $252,000 after purchasing an additional 59 shares during the period. Regal Investment Advisors LLC raised its position in shares of Citigroup by 2.0% in the first quarter. Regal Investment Advisors LLC now owns 3,800 shares of the financial services provider’s stock valued at $227,000 after purchasing an additional 74 shares during the period. Halbert Hargrove Russell LLC raised its position in shares of Citigroup by 1.6% in the second quarter. Halbert Hargrove Russell LLC now owns 4,736 shares of the financial services provider’s stock valued at $317,000 after purchasing an additional 74 shares during the period. Finally, Usca Ria LLC raised its position in shares of Citigroup by 0.3% in the second quarter. Usca Ria LLC now owns 34,375 shares of the financial services provider’s stock valued at $2,299,000 after purchasing an additional 90 shares during the period. Institutional investors and hedge funds own 78.59% of the company’s stock.
A number of equities analysts recently issued reports on C shares. ValuEngine raised shares of Citigroup from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Credit Suisse Group reaffirmed a “buy” rating and set a $73.00 target price on shares of Citigroup in a research report on Wednesday, September 13th. Raymond James Financial started coverage on shares of Citigroup in a research report on Tuesday, October 31st. They set a “hold” rating on the stock. Morgan Stanley boosted their target price on shares of Citigroup from $73.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, October 13th. Finally, Jefferies Group set a $81.00 price target on shares of Citigroup and gave the stock a “neutral” rating in a research note on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Citigroup presently has a consensus rating of “Buy” and an average price target of $75.97.
Shares of Citigroup Inc. (NYSE C) opened at $75.85 on Tuesday. Citigroup Inc. has a 52 week low of $55.23 and a 52 week high of $77.92. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.11. The company has a market cap of $200,177.39, a price-to-earnings ratio of 14.59, a PEG ratio of 1.48 and a beta of 1.55.
Citigroup (NYSE:C) last issued its earnings results 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 company 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 company earned $1.24 EPS. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. sell-side analysts expect that Citigroup Inc. will post 5.31 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Monday, November 6th were given a dividend of $0.32 per share. The ex-dividend date was Friday, November 3rd. This represents a $1.28 annualized dividend and a yield of 1.69%. Citigroup’s dividend payout ratio (DPR) is 24.66%.
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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