Citigroup Inc. (C) Shares Sold by Dynamic Technology Lab Private Ltd
Dynamic Technology Lab Private Ltd reduced its holdings in Citigroup Inc. (NYSE:C) by 13.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,100 shares of the financial services provider’s stock after selling 620 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Citigroup were worth $274,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Catamount Wealth Management acquired a new stake in Citigroup during the second quarter worth about $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its position in Citigroup by 206.0% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock worth $102,000 after buying an additional 1,030 shares in the last quarter. Patten Group Inc. grew its position in Citigroup by 6.6% during the first quarter. Patten Group Inc. now owns 1,765 shares of the financial services provider’s stock worth $105,000 after buying an additional 110 shares in the last quarter. Dubuque Bank & Trust Co. grew its position in Citigroup by 60.8% during the second quarter. Dubuque Bank & Trust Co. now owns 1,584 shares of the financial services provider’s stock worth $106,000 after buying an additional 599 shares in the last quarter. Finally, Balentine LLC grew its position in Citigroup by 20.2% during the second quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after buying an additional 272 shares in the last quarter. 78.59% of the stock is currently owned by institutional investors.
Citigroup Inc. (NYSE:C) opened at $77.07 on Monday. Citigroup Inc. has a one year low of $55.23 and a one year high of $76.89. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.11. The stock has a market cap of $199,648.59, a P/E ratio of 14.55, a PEG ratio of 1.48 and a beta of 1.55.
Citigroup (NYSE:C) last posted its earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $17.87 billion. During the same quarter in the previous year, the company posted $1.24 earnings per share. Citigroup’s quarterly revenue was up 2.3% compared to the same quarter last year. sell-side analysts forecast that Citigroup Inc. will post 5.31 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Monday, November 6th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date was Friday, November 3rd. Citigroup’s dividend payout ratio (DPR) is currently 24.66%.
C has been the topic of a number of recent research reports. Wells Fargo & Company initiated coverage on Citigroup in a report on Wednesday, August 9th. They set an “outperform” rating and a $90.00 price objective on the stock. Raymond James Financial initiated coverage on Citigroup in a report on Tuesday, October 31st. They set a “hold” rating on the stock. set a $74.00 price objective on Citigroup and gave the company a “hold” rating in a report on Friday, August 11th. Morgan Stanley lifted their price objective on Citigroup from $73.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, October 13th. Finally, BidaskClub raised Citigroup from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $75.61.
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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