Citigroup Inc. (C) Holdings Lifted by South State Corp
South State Corp grew its position in Citigroup Inc. (NYSE:C) by 11.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,984 shares of the financial services provider’s stock after purchasing an additional 896 shares during the period. South State Corp’s holdings in Citigroup were worth $601,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of C. Capital Analysts LLC boosted its holdings in shares of Citigroup by 5.4% in the second quarter. Capital Analysts LLC now owns 45,844 shares of the financial services provider’s stock valued at $3,066,000 after acquiring an additional 2,367 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Citigroup by 5.2% in the second quarter. Principal Financial Group Inc. now owns 4,152,299 shares of the financial services provider’s stock valued at $277,705,000 after acquiring an additional 205,298 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Citigroup by 2,718.7% in the first quarter. BlackRock Inc. now owns 196,415,461 shares of the financial services provider’s stock valued at $11,749,573,000 after acquiring an additional 189,447,104 shares in the last quarter. Amalgamated Bank boosted its holdings in shares of Citigroup by 1.0% in the first quarter. Amalgamated Bank now owns 195,156 shares of the financial services provider’s stock valued at $11,674,000 after acquiring an additional 1,937 shares in the last quarter. Finally, Shelton Capital Management boosted its holdings in shares of Citigroup by 13.9% in the first quarter. Shelton Capital Management now owns 60,400 shares of the financial services provider’s stock valued at $3,613,000 after acquiring an additional 7,384 shares in the last quarter. Hedge funds and other institutional investors own 78.10% of the company’s stock.
Shares of Citigroup Inc. (C) opened at $74.05 on Monday. 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 current ratio of 1.01 and a quick ratio of 1.01. The stock has a market cap of $195,788.36, a P/E ratio of 14.27, a price-to-earnings-growth ratio of 1.46 and a beta of 1.57.
Citigroup (NYSE:C) last released its earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $17.87 billion. During the same quarter in the prior year, the firm earned $1.24 EPS. The company’s revenue was up 2.3% compared to the same quarter last year. equities analysts expect that Citigroup Inc. will post 5.29 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Monday, November 6th will be given a $0.32 dividend. The ex-dividend date is Friday, November 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 1.73%. Citigroup’s payout ratio is 24.66%.
Several research analysts have recently issued reports on C shares. Buckingham Research reiterated a “buy” rating and issued a $81.00 price objective (up from $70.00) on shares of Citigroup in a report on Monday, July 10th. HSBC Holdings plc started coverage on shares of Citigroup in a report on Tuesday, July 11th. They issued a “hold” rating and a $71.00 price objective for the company. BidaskClub cut shares of Citigroup from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $75.00 price objective on shares of Citigroup in a report on Friday, July 14th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $72.00 price objective (up from $64.00) on shares of Citigroup in a report on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $74.77.
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In other Citigroup news, CEO Francisco Aristeguieta sold 40,000 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $67.55, for a total value of $2,702,000.00. Following the completion of the sale, the chief executive officer now owns 77,570 shares in the company, valued at approximately $5,239,853.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.10% of the stock is owned by corporate insiders.
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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