Buckingham Capital Management Inc. Buys 309 Shares of Citigroup Inc. (C)
Buckingham Capital Management Inc. increased its stake in Citigroup Inc. (NYSE:C) by 1.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,751 shares of the financial services provider’s stock after acquiring an additional 309 shares during the quarter. Buckingham Capital Management Inc.’s holdings in Citigroup were worth $1,187,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the company. Investors Asset Management of Georgia Inc. GA ADV boosted 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 worth $358,000 after buying an additional 40 shares during the period. Leisure Capital Management boosted 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 worth $252,000 after buying an additional 59 shares during the period. Regal Investment Advisors LLC boosted 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 worth $227,000 after buying an additional 74 shares during the period. Halbert Hargrove Russell LLC boosted 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 worth $317,000 after buying an additional 74 shares during the period. Finally, Usca Ria LLC boosted 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 worth $2,299,000 after buying an additional 90 shares during the period. 78.10% of the stock is owned by institutional investors and hedge funds.
In other Citigroup news, CEO Francisco Aristeguieta sold 40,000 shares of Citigroup stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $67.55, for a total transaction of $2,702,000.00. Following the sale, the chief executive officer now directly owns 77,570 shares of the company’s stock, valued at $5,239,853.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.10% of the company’s stock.
Citigroup Inc. (NYSE C) opened at $73.80 on Tuesday. Citigroup Inc. has a 12 month low of $47.70 and a 12 month high of $76.14. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $195,788.36, a PE ratio of 14.27, a P/E/G ratio of 1.46 and a beta of 1.57.
Citigroup (NYSE:C) last issued its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.10. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The firm had revenue of $18.17 billion for the quarter, compared to analyst estimates of $17.87 billion. During the same period in the previous year, the company posted $1.24 earnings per share. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. equities analysts anticipate that Citigroup Inc. will post 5.29 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Monday, November 6th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $1.28 annualized dividend and a yield of 1.73%. Citigroup’s dividend payout ratio is 24.66%.
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A number of research firms recently issued reports on C. HSBC Holdings plc set a $74.00 price objective on Citigroup and gave the company a “hold” rating in a research report on Friday, August 11th. Societe Generale raised Citigroup from a “sell” rating to a “hold” rating and lifted their price objective for the company from $63.00 to $70.00 in a research report on Monday, September 11th. Royal Bank Of Canada reissued a “buy” rating and set a $75.00 price objective on shares of Citigroup in a research report on Wednesday, September 27th. Credit Suisse Group reissued an “outperform” rating and set a $76.00 price objective (up previously from $70.00) on shares of Citigroup in a research report on Wednesday, July 26th. Finally, Nomura lifted their price objective on Citigroup from $74.00 to $78.00 and gave the company a “buy” rating in a research report on Monday, July 17th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $74.77.
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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