Citigroup Inc. (C) Shares Bought by D.A. Davidson & CO.
D.A. Davidson & CO. boosted its position in Citigroup Inc. (NYSE:C) by 0.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,968 shares of the financial services provider’s stock after acquiring an additional 279 shares during the quarter. D.A. Davidson & CO.’s holdings in Citigroup were worth $2,873,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in C. Citigroup Inc. grew its stake in shares of Citigroup by 11.5% during the second quarter. Citigroup Inc. now owns 1,238,876 shares of the financial services provider’s stock valued at $82,856,000 after buying an additional 127,576 shares during the last quarter. Trustmark National Bank Trust Department grew its stake in shares of Citigroup by 24.8% during the second quarter. Trustmark National Bank Trust Department now owns 109,080 shares of the financial services provider’s stock valued at $7,295,000 after buying an additional 21,710 shares during the last quarter. Abbot Financial Management Inc. bought a new position in shares of Citigroup during the second quarter valued at about $302,000. Quantitative Investment Management LLC grew its stake in shares of Citigroup by 86.4% during the second quarter. Quantitative Investment Management LLC now owns 706,200 shares of the financial services provider’s stock valued at $47,230,000 after buying an additional 327,400 shares during the last quarter. Finally, Lazard Asset Management LLC grew its stake in shares of Citigroup by 109.5% during the second quarter. Lazard Asset Management LLC now owns 9,292,727 shares of the financial services provider’s stock valued at $621,497,000 after buying an additional 4,856,866 shares during the last quarter. 78.15% of the stock is currently owned by institutional investors and hedge funds.
Shares of Citigroup Inc. (NYSE:C) opened at $71.99 on Tuesday. The firm has a market cap of $191,029.14, a P/E ratio of 13.92, a P/E/G ratio of 1.42 and a beta of 1.57. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.11. Citigroup Inc. has a 1 year low of $53.00 and a 1 year high of $76.14.
Citigroup (NYSE:C) last announced its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.10. The company had revenue of $18.17 billion during the quarter, compared to the consensus estimate of $17.87 billion. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.24 earnings per share. research analysts forecast that Citigroup Inc. will post 5.29 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Monday, November 6th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Friday, November 3rd. Citigroup’s dividend payout ratio (DPR) is currently 24.66%.
Several analysts recently issued reports on C shares. Wells Fargo & Company started coverage on Citigroup in a research note on Wednesday, August 9th. They issued an “outperform” rating and a $90.00 target price on the stock. Raymond James Financial, Inc. started coverage on Citigroup in a research note on Tuesday, October 31st. They issued a “hold” rating on the stock. HSBC Holdings plc set a $74.00 target price on Citigroup and gave the stock a “hold” rating in a research note on Friday, August 11th. Morgan Stanley raised their target price on Citigroup from $73.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, October 13th. Finally, BidaskClub raised Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 10th. 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 issued a strong buy rating to the stock. Citigroup has an average rating of “Buy” and a consensus target price of $74.77.
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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