Citigroup Inc. (C) Position Trimmed by Private Asset Management Inc.
Private Asset Management Inc. trimmed its holdings in shares of Citigroup Inc. (NYSE:C) by 92.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,969 shares of the financial services provider’s stock after selling 221,759 shares during the period. Citigroup accounts for approximately 2.7% of Private Asset Management Inc.’s holdings, making the stock its 8th largest holding. Private Asset Management Inc.’s holdings in Citigroup were worth $16,969,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Investors Asset Management of Georgia Inc. GA ADV boosted its position in Citigroup by 0.8% in the 2nd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 5,359 shares of the financial services provider’s stock valued at $358,000 after buying an additional 40 shares during the last quarter. Leisure Capital Management boosted its position in Citigroup by 1.6% in the 2nd quarter. Leisure Capital Management now owns 3,763 shares of the financial services provider’s stock valued at $252,000 after buying an additional 59 shares during the last quarter. Regal Investment Advisors LLC boosted its position in Citigroup by 2.0% in the 1st quarter. Regal Investment Advisors LLC now owns 3,800 shares of the financial services provider’s stock valued at $227,000 after buying an additional 74 shares during the last quarter. Halbert Hargrove Russell LLC boosted its position in Citigroup by 1.6% in the 2nd quarter. Halbert Hargrove Russell LLC now owns 4,736 shares of the financial services provider’s stock valued at $317,000 after buying an additional 74 shares during the last quarter. Finally, Usca Ria LLC boosted its position in Citigroup by 0.3% in the 2nd quarter. Usca Ria LLC now owns 34,375 shares of the financial services provider’s stock valued at $2,299,000 after buying an additional 90 shares during the last quarter. 78.59% of the stock is owned by hedge funds and other institutional investors.
Citigroup Inc. (C) opened at $77.10 on Tuesday. Citigroup Inc. has a 12-month low of $55.23 and a 12-month high of $77.92. 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 capitalization of $199,648.59, a price-to-earnings ratio of 14.55, a PEG ratio of 1.48 and a beta of 1.55.
Citigroup (NYSE:C) last posted its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 business had revenue of $18.17 billion for the quarter, compared to analyst estimates of $17.87 billion. During the same period last year, the company earned $1.24 EPS. The firm’s revenue was up 2.3% on a year-over-year basis. research analysts anticipate that Citigroup Inc. will post 5.31 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Monday, November 6th were given a $0.32 dividend. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $1.28 annualized dividend and a dividend yield of 1.66%. Citigroup’s dividend payout ratio is currently 24.66%.
C has been the topic of a number of recent research reports. Wells Fargo & Company reiterated a “buy” rating on shares of Citigroup in a research report on Monday, October 2nd. Royal Bank Of Canada reiterated a “buy” rating and issued a $75.00 price objective on shares of Citigroup in a research report on Wednesday, September 27th. Keefe, Bruyette & Woods set a $75.00 price objective on Citigroup and gave the company a “buy” rating in a research report on Sunday, August 13th. BidaskClub upgraded Citigroup from a “hold” rating to a “buy” rating in a research report on Thursday, September 21st. Finally, Credit Suisse Group reiterated a “buy” rating and issued a $73.00 price objective on shares of Citigroup in a research report on Wednesday, September 13th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Citigroup has a consensus rating of “Buy” and a consensus target price of $75.83.
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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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