Citigroup Inc. (C) Holdings Boosted by Hermes Investment Management Ltd.
Hermes Investment Management Ltd. raised its stake in shares of Citigroup Inc. (NYSE:C) by 12.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,896 shares of the financial services provider’s stock after acquiring an additional 3,500 shares during the period. Hermes Investment Management Ltd.’s holdings in Citigroup were worth $2,247,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Catamount Wealth Management purchased a new stake in Citigroup in the 2nd quarter worth about $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its holdings in Citigroup by 206.0% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock worth $102,000 after acquiring an additional 1,030 shares during the last quarter. Patten Group Inc. increased its holdings in Citigroup by 6.6% in the 1st quarter. Patten Group Inc. now owns 1,765 shares of the financial services provider’s stock worth $105,000 after acquiring an additional 110 shares during the last quarter. Balentine LLC increased its holdings in Citigroup by 20.2% in the 2nd quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after acquiring an additional 272 shares during the last quarter. Finally, Acrospire Investment Management LLC increased its holdings in Citigroup by 21.4% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 300 shares during the last quarter. Institutional investors and hedge funds own 78.59% of the company’s stock.
Several equities research analysts recently weighed in on C shares. Atlantic Securities reissued an “overweight” rating and issued a $85.00 price objective (up previously from $75.00) on shares of Citigroup in a report on Tuesday, September 26th. Bank of America reissued a “neutral” rating on shares of Citigroup in a report on Wednesday, October 11th. Raymond James Financial started coverage on Citigroup in a report on Tuesday, October 31st. They issued a “hold” rating for the company. Vetr lowered Citigroup from a “buy” rating to a “hold” rating and set a $76.38 price objective for the company. in a report on Wednesday, November 29th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $65.00 price objective on shares of Citigroup in a report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $75.83.
Citigroup Inc. (NYSE C) opened at $76.54 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $203,852.55, a PE ratio of 14.85, a price-to-earnings-growth ratio of 1.51 and a beta of 1.55. Citigroup Inc. has a twelve month low of $55.23 and a twelve month high of $77.92.
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, beating the Zacks’ consensus estimate of $1.32 by $0.10. The business had revenue of $18.17 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.24 EPS. equities research analysts expect that Citigroup Inc. will post 5.31 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Monday, November 6th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend was Friday, November 3rd. Citigroup’s payout ratio is presently 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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