Citigroup Inc. (C) Position Raised by Quantitative Investment Management LLC
Quantitative Investment Management LLC lifted its stake in shares of Citigroup Inc. (NYSE:C) by 86.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 706,200 shares of the company’s stock after purchasing an additional 327,400 shares during the quarter. Citigroup comprises about 0.7% of Quantitative Investment Management LLC’s investment portfolio, making the stock its 17th largest holding. Quantitative Investment Management LLC’s holdings in Citigroup were worth $47,230,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Investors Asset Management of Georgia Inc. GA ADV grew its holdings in Citigroup by 0.8% during the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 5,359 shares of the company’s stock worth $358,000 after acquiring an additional 40 shares during the period. Leisure Capital Management grew its holdings in Citigroup by 1.6% during the second quarter. Leisure Capital Management now owns 3,763 shares of the company’s stock worth $252,000 after acquiring an additional 59 shares during the period. Regal Investment Advisors LLC grew its holdings in Citigroup by 2.0% during the first quarter. Regal Investment Advisors LLC now owns 3,800 shares of the company’s stock worth $227,000 after acquiring an additional 74 shares during the period. Halbert Hargrove Russell LLC increased its stake in Citigroup by 1.6% in the 2nd quarter. Halbert Hargrove Russell LLC now owns 4,736 shares of the company’s stock worth $317,000 after purchasing an additional 74 shares in the last quarter. Finally, Usca Ria LLC increased its stake in Citigroup by 0.3% in the 2nd quarter. Usca Ria LLC now owns 34,375 shares of the company’s stock worth $2,299,000 after purchasing an additional 90 shares in the last quarter. Institutional investors and hedge funds own 78.15% of the company’s stock.
C has been the topic of a number of analyst reports. ValuEngine raised Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Credit Suisse Group reissued a “buy” rating and issued a $73.00 price target on shares of Citigroup in a research note on Wednesday, September 13th. Morgan Stanley lifted their price target on Citigroup from $73.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, October 13th. Jefferies Group LLC set a $81.00 price objective on Citigroup and gave the stock a “neutral” rating in a research report on Thursday, October 12th. Finally, BMO Capital Markets raised their price objective on Citigroup from $65.00 to $67.00 and gave the stock a “market perform” rating in a research report on Friday, October 13th. One 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. Citigroup has an average rating of “Buy” and a consensus price target of C$74.77.
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Citigroup Inc. (C) opened at C$72.25 on Monday. 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 company has a market capitalization of $191,029.14, a price-to-earnings ratio of 13.92, a price-to-earnings-growth ratio of 1.42 and a beta of 1.57. Citigroup Inc. has a one year low of C$51.60 and a one year high of C$76.14.
Citigroup (NYSE:C) last posted its quarterly earnings data on Thursday, October 12th. The company reported C$1.42 EPS for the quarter, topping analysts’ consensus estimates of C$1.32 by C$0.10. The company had revenue of C$18.17 billion for the quarter, compared to analyst estimates of C$17.87 billion. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The business’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.24 earnings per share. sell-side analysts expect that Citigroup Inc. will post 5.29 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Monday, November 6th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Friday, November 3rd. Citigroup’s dividend payout ratio (DPR) 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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