Bronfman E.L. Rothschild L.P. Has $1.42 Million Holdings in Citigroup Inc (C)
Bronfman E.L. Rothschild L.P. cut its holdings in shares of Citigroup Inc (NYSE:C) by 8.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 21,187 shares of the financial services provider’s stock after selling 1,976 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in Citigroup were worth $1,418,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Legacy Advisors LLC grew its position in shares of Citigroup by 349.7% during the 2nd quarter. Legacy Advisors LLC now owns 1,718 shares of the financial services provider’s stock valued at $115,000 after acquiring an additional 1,336 shares during the period. Stelac Advisory Services LLC acquired a new stake in Citigroup in the 1st quarter worth about $116,000. IMA Wealth Inc. acquired a new stake in Citigroup in the 2nd quarter worth about $129,000. Bedel Financial Consulting Inc. acquired a new stake in Citigroup in the 1st quarter worth about $133,000. Finally, Twin Tree Management LP boosted its holdings in Citigroup by 100.4% in the 1st quarter. Twin Tree Management LP now owns 2,013 shares of the financial services provider’s stock worth $136,000 after buying an additional 535,686 shares during the last quarter. Hedge funds and other institutional investors own 75.51% of the company’s stock.
Several research firms recently issued reports on C. ValuEngine cut Citigroup from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. TheStreet upgraded Citigroup from a “c” rating to a “b-” rating in a report on Monday, July 30th. Daiwa Capital Markets cut Citigroup from a “strong-buy” rating to a “buy” rating and set a $78.00 price objective on the stock. in a report on Thursday, May 17th. Oppenheimer lifted their price objective on Citigroup from $89.00 to $91.00 and gave the stock an “outperformer” rating in a report on Monday, July 16th. Finally, Morgan Stanley lowered their price objective on Citigroup from $93.00 to $88.00 and set an “overweight” rating on the stock in a report on Monday, April 30th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and fifteen have issued a buy rating to the stock. Citigroup presently has an average rating of “Hold” and a consensus price target of $81.65.
Citigroup (NYSE:C) last released its earnings results on Friday, July 13th. The financial services provider reported $1.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.08. Citigroup had a negative net margin of 5.45% and a positive return on equity of 8.78%. The business had revenue of $18.47 billion for the quarter, compared to analyst estimates of $18.43 billion. sell-side analysts forecast that Citigroup Inc will post 6.58 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, August 24th. Shareholders of record on Monday, August 6th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.55%. This is a positive change from Citigroup’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, August 3rd. Citigroup’s dividend payout ratio (DPR) is 33.77%.
In other news, CEO Francisco Aristeguieta sold 15,000 shares of Citigroup stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $72.36, for a total transaction of $1,085,400.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Raja Akram sold 500 shares of Citigroup stock in a transaction that occurred on Thursday, July 19th. The shares were sold at an average price of $69.21, for a total transaction of $34,605.00. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.
Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.
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