Twin Capital Management Inc. lifted its position in Citigroup Inc (NYSE:C) by 4.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 364,010 shares of the financial services provider’s stock after acquiring an additional 16,363 shares during the quarter. Citigroup accounts for 1.4% of Twin Capital Management Inc.’s portfolio, making the stock its 9th largest position. Twin Capital Management Inc.’s holdings in Citigroup were worth $26,478,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in C. Catamount Wealth Management purchased a new position in Citigroup during the 2nd quarter valued at about $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its position in shares of Citigroup by 206.0% in 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 buying an additional 1,030 shares during the last quarter. Balentine LLC grew its position in shares of Citigroup by 20.2% in the 2nd quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after buying an additional 272 shares during the last quarter. Acrospire Investment Management LLC boosted its stake in Citigroup by 21.4% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 300 shares in the last quarter. Finally, Shine Investment Advisory Services Inc. acquired a new stake in Citigroup in the 2nd quarter worth approximately $123,000. Hedge funds and other institutional investors own 78.61% of the company’s stock.
Shares of Citigroup Inc (C) traded up $0.91 on Monday, hitting $78.30. 17,812,100 shares of the stock were exchanged, compared to its average volume of 16,758,092. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.29. Citigroup Inc has a twelve month low of $55.23 and a twelve month high of $78.44. The stock has a market capitalization of $206,790.00, a price-to-earnings ratio of 14.11, a PEG ratio of 1.49 and a beta of 1.56.
Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.09. The firm had revenue of $17.26 billion during the quarter, compared to the consensus estimate of $17.23 billion. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period last year, the company earned $1.14 earnings per share. analysts expect that Citigroup Inc will post 6.33 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Monday, February 5th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Friday, February 2nd. Citigroup’s dividend payout ratio (DPR) is presently 23.06%.
Several equities analysts recently issued reports on C shares. Royal Bank of Canada reiterated a “buy” rating and issued a $75.00 target price on shares of Citigroup in a research note on Wednesday, September 27th. Deutsche Bank set a $74.00 price target on shares of Citigroup and gave the stock a “neutral” rating in a report on Wednesday, January 17th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Citigroup in a report on Wednesday, January 17th. JPMorgan Chase & Co. set a $80.00 target price on shares of Citigroup and gave the stock a “buy” rating in a report on Wednesday, January 17th. Finally, Jefferies Group set a $81.00 price objective on shares of Citigroup and gave the company a “neutral” rating in a report on Thursday, October 12th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Citigroup currently has an average rating of “Buy” and a consensus target price of $79.30.
WARNING: This report was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this report on another domain, it was illegally copied and reposted in violation of US & international trademark & copyright legislation. The legal version of this report can be accessed at https://ledgergazette.com/2018/01/22/twin-capital-management-inc-has-26-48-million-position-in-citigroup-inc-c.html.
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.
Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.