Capital Research Global Investors Has $1.18 Billion Stake in Citigroup Inc. (C)
Capital Research Global Investors lifted its stake in shares of Citigroup Inc. (NYSE:C) by 1.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,606,438 shares of the financial services provider’s stock after purchasing an additional 221,934 shares during the quarter. Capital Research Global Investors owned 0.65% of Citigroup worth $1,177,519,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in C. Catamount Wealth Management acquired a new stake in Citigroup in the second quarter valued at about $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in Citigroup by 206.0% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock valued at $102,000 after buying an additional 1,030 shares in the last quarter. Patten Group Inc. boosted its stake in Citigroup by 6.6% in the first quarter. Patten Group Inc. now owns 1,765 shares of the financial services provider’s stock valued at $105,000 after buying an additional 110 shares in the last quarter. Dubuque Bank & Trust Co. boosted its stake in Citigroup by 60.8% in the second quarter. Dubuque Bank & Trust Co. now owns 1,584 shares of the financial services provider’s stock valued at $106,000 after buying an additional 599 shares in the last quarter. Finally, Acrospire Investment Management LLC boosted its stake in Citigroup by 21.4% in the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock valued at $114,000 after buying an additional 300 shares in the last quarter. 77.98% of the stock is currently owned by institutional investors.
C has been the topic of a number of recent research reports. J P Morgan Chase & Co reissued an “overweight” rating and set a $78.50 price target (up from $77.50) on shares of Citigroup in a research note on Friday, October 6th. BMO Capital Markets reissued a “hold” rating and set a $65.00 price target on shares of Citigroup in a research note on Friday, October 6th. Credit Suisse Group reissued a “buy” rating and set a $83.00 price target (up from $73.00) on shares of Citigroup in a research note on Monday, October 9th. They noted that the move was a valuation call. Stifel Nicolaus restated a “hold” rating on shares of Citigroup in a research report on Monday, October 9th. Finally, BidaskClub upgraded Citigroup from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. Citigroup presently has an average rating of “Buy” and a consensus target price of $75.61.
Shares of Citigroup Inc. (NYSE:C) opened at $72.26 on Friday. The firm has a market capitalization of $191,055.59, a P/E ratio of 13.92, a price-to-earnings-growth ratio of 1.41 and a beta of 1.57. Citigroup Inc. has a 1-year low of $55.23 and a 1-year high of $76.14. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.11.
Citigroup (NYSE:C) last released its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.10. The firm had revenue of $18.17 billion during the quarter, compared to the consensus estimate of $17.87 billion. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.24 earnings per share. equities analysts anticipate that Citigroup Inc. will post 5.31 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Monday, November 6th were issued a dividend of $0.32 per share. The ex-dividend date was Friday, November 3rd. This represents a $1.28 annualized dividend and a dividend yield of 1.77%. Citigroup’s dividend payout ratio is 24.66%.
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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