3,032 Shares in Citigroup Inc. (C) Purchased by SignalPoint Asset Management LLC
SignalPoint Asset Management LLC acquired a new stake in shares of Citigroup Inc. (NYSE:C) during the third quarter, according to its most recent filing with the SEC. The fund acquired 3,032 shares of the financial services provider’s stock, valued at approximately $220,000.
A number of other institutional investors have also bought and sold shares of C. BlackRock Inc. grew its position in Citigroup by 2,718.7% during the first quarter. BlackRock Inc. now owns 196,415,461 shares of the financial services provider’s stock worth $11,749,573,000 after buying an additional 189,447,104 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Citigroup by 109.5% in the 2nd quarter. Lazard Asset Management LLC now owns 9,292,727 shares of the financial services provider’s stock worth $621,497,000 after purchasing an additional 4,856,866 shares in the last quarter. PointState Capital LP purchased a new position in shares of Citigroup in the 2nd quarter worth about $321,322,000. Pioneer Investment Management Inc. boosted its holdings in shares of Citigroup by 2,317.8% in the 2nd quarter. Pioneer Investment Management Inc. now owns 5,002,029 shares of the financial services provider’s stock worth $334,536,000 after purchasing an additional 4,795,145 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Citigroup by 42.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,815,133 shares of the financial services provider’s stock worth $990,836,000 after purchasing an additional 4,413,329 shares in the last quarter. Institutional investors and hedge funds own 78.47% of the company’s stock.
Citigroup Inc. (NYSE:C) opened at $74.70 on Wednesday. The company has a market capitalization of $200,071.63, a P/E ratio of 14.58, 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 Inc. has a 52-week low of $55.23 and a 52-week high of $77.92.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Monday, November 6th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend was Friday, November 3rd. Citigroup’s dividend payout ratio is currently 24.66%.
A number of research firms have recently issued reports on C. Wells Fargo & Company reiterated an “outperform” rating and issued a $95.00 price objective (up from $90.00) on shares of Citigroup in a report on Wednesday. Royal Bank of Canada restated a “buy” rating and set a $75.00 target price on shares of Citigroup in a report on Wednesday, September 27th. Societe Generale upgraded Citigroup from a “sell” rating to a “hold” rating and increased their target price for the company from $63.00 to $70.00 in a report on Monday, September 11th. ValuEngine upgraded Citigroup from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Finally, Jefferies Group set a $81.00 target price on Citigroup and gave the company a “neutral” rating in a report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Citigroup has an average rating of “Buy” and a consensus target price of $76.78.
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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