Artisan Partners Limited Partnership Boosts Holdings in Citigroup Inc. (C)
Artisan Partners Limited Partnership grew its stake in shares of Citigroup Inc. (NYSE:C) by 1.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,442,671 shares of the financial services provider’s stock after buying an additional 169,473 shares during the quarter. Citigroup makes up 1.6% of Artisan Partners Limited Partnership’s holdings, making the stock its 13th biggest holding. Artisan Partners Limited Partnership owned approximately 0.46% of Citigroup worth $832,166,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Thrivent Financial For Lutherans grew its stake in shares of Citigroup by 0.3% during the second quarter. Thrivent Financial For Lutherans now owns 3,896,407 shares of the financial services provider’s stock worth $260,593,000 after buying an additional 11,339 shares during the last quarter. Loews Corp grew its stake in shares of Citigroup by 31.8% during the second quarter. Loews Corp now owns 24,018 shares of the financial services provider’s stock worth $1,606,000 after buying an additional 5,800 shares during the last quarter. Yorktown Management & Research Co Inc bought a new stake in shares of Citigroup during the second quarter worth $1,070,000. Investment Centers of America Inc. grew its stake in shares of Citigroup by 0.5% during the second quarter. Investment Centers of America Inc. now owns 46,550 shares of the financial services provider’s stock worth $3,116,000 after buying an additional 233 shares during the last quarter. Finally, BT Investment Management Ltd bought a new stake in shares of Citigroup during the second quarter worth $3,022,000. 78.10% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts recently weighed in on C shares. Societe Generale raised shares of Citigroup from a “sell” rating to a “hold” rating and boosted their price objective for the stock from $63.00 to $70.00 in a research note on Monday, September 11th. HSBC Holdings plc set a $74.00 price objective on shares of Citigroup and gave the stock a “hold” rating in a research note on Friday, August 11th. Royal Bank Of Canada reissued a “buy” rating and issued a $75.00 price objective on shares of Citigroup in a research note on Wednesday, September 27th. Credit Suisse Group reissued an “outperform” rating and issued a $76.00 price objective (up previously from $70.00) on shares of Citigroup in a research note on Wednesday, July 26th. Finally, Nomura boosted their price objective on shares of Citigroup from $74.00 to $78.00 and gave the stock a “buy” rating in a research note on Monday, July 17th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $74.77.
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Shares of Citigroup Inc. (NYSE C) opened at $72.25 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.01 and a quick ratio of 1.01. Citigroup Inc. has a fifty-two week low of $51.60 and a fifty-two week high of $76.14. The firm has a market cap of $191,505.06, a PE ratio of 13.96, a P/E/G ratio of 1.42 and a beta of 1.57.
Citigroup (NYSE:C) last posted its earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share for the quarter, topping the Zacks’ 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 analyst estimates of $17.87 billion. During the same quarter in the prior year, the business posted $1.24 EPS. The firm’s revenue was up 2.3% compared to the same quarter last year. analysts expect that Citigroup Inc. will post 5.29 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Monday, November 6th will be issued a $0.32 dividend. The ex-dividend date is Friday, November 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.77%. Citigroup’s dividend payout ratio is presently 24.66%.
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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