Citigroup Inc. $C Shares Purchased by Cwm LLC

Cwm LLC increased its position in shares of Citigroup Inc. (NYSE:C) by 7.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 141,158 shares of the company’s stock after purchasing an additional 9,938 shares during the period. Cwm LLC’s holdings in Citigroup were worth $12,015,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its position in shares of Citigroup by 6.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 41,101,459 shares of the company’s stock valued at $2,917,794,000 after acquiring an additional 2,539,769 shares during the last quarter. Northern Trust Corp increased its position in shares of Citigroup by 1.0% during the first quarter. Northern Trust Corp now owns 20,427,563 shares of the company’s stock valued at $1,450,153,000 after acquiring an additional 195,013 shares during the last quarter. Invesco Ltd. increased its position in shares of Citigroup by 3.6% during the first quarter. Invesco Ltd. now owns 16,839,915 shares of the company’s stock valued at $1,195,466,000 after acquiring an additional 592,820 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Citigroup by 179.5% during the first quarter. Goldman Sachs Group Inc. now owns 14,534,297 shares of the company’s stock valued at $1,031,790,000 after acquiring an additional 9,334,038 shares during the last quarter. Finally, Amundi increased its position in shares of Citigroup by 78.4% during the first quarter. Amundi now owns 13,713,517 shares of the company’s stock valued at $973,523,000 after acquiring an additional 6,026,268 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Price Performance

Shares of NYSE C opened at $96.18 on Tuesday. The stock has a market cap of $177.05 billion, a P/E ratio of 14.21, a P/E/G ratio of 0.83 and a beta of 1.37. Citigroup Inc. has a twelve month low of $55.51 and a twelve month high of $105.59. The stock has a 50 day moving average of $97.09 and a two-hundred day moving average of $84.05. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.61.

Citigroup (NYSE:C) last announced its earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.35. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. The business had revenue of $21.67 billion during the quarter, compared to the consensus estimate of $20.75 billion. During the same quarter in the prior year, the firm earned $1.52 earnings per share. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. On average, research analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Monday, November 3rd will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.5%. Citigroup’s dividend payout ratio (DPR) is currently 35.45%.

Insider Buying and Selling at Citigroup

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of Citigroup stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total value of $271,200.00. Following the transaction, the director directly owned 2,140 shares in the company, valued at approximately $193,456. This trade represents a 58.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on C shares. Barclays lifted their price target on shares of Citigroup from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of Citigroup in a research report on Wednesday, October 8th. Bank of America raised their price objective on shares of Citigroup from $89.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, June 26th. Wells Fargo & Company raised their price objective on shares of Citigroup from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Tuesday, September 16th. Finally, Zacks Research lowered shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Eleven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, Citigroup has an average rating of “Moderate Buy” and a consensus target price of $99.68.

Citigroup Profile

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.