Citigroup Inc. (C) Stake Boosted by Gotham Asset Management LLC
Gotham Asset Management LLC lifted its stake in Citigroup Inc. (NYSE:C) by 92.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,572 shares of the financial services provider’s stock after purchasing an additional 7,007 shares during the quarter. Gotham Asset Management LLC’s holdings in Citigroup were worth $975,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently bought and sold shares of the company. Catamount Wealth Management purchased a new position in shares of Citigroup in the 2nd quarter worth about $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in shares of Citigroup by 206.0% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 1,030 shares during the last quarter. Patten Group Inc. raised its position in Citigroup by 6.6% in the 1st 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 during the last quarter. Dubuque Bank & Trust Co. raised its position in Citigroup by 60.8% in the 2nd 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 during the last quarter. Finally, Acrospire Investment Management LLC raised its position in Citigroup by 21.4% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after buying an additional 300 shares during the last quarter. 77.98% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have weighed in on C. Keefe, Bruyette & Woods set a $75.00 target price on Citigroup and gave the stock a “buy” rating in a research report on Sunday, August 13th. Wells Fargo & Company reissued a “buy” rating on shares of Citigroup in a research report on Monday, October 2nd. Raymond James Financial, Inc. reissued an “underperform” rating on shares of Citigroup in a research report on Wednesday, September 27th. Deutsche Bank AG reissued a “hold” rating and issued a $67.00 target price (up previously from $61.00) on shares of Citigroup in a research report on Tuesday, September 26th. Finally, Atlantic Securities reissued an “overweight” rating and issued a $85.00 target price (up previously from $75.00) on shares of Citigroup in a research report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $75.61.
Shares of Citigroup Inc. (NYSE C) opened at $72.02 on Friday. Citigroup Inc. has a 52-week low of $55.23 and a 52-week high of $76.14. The company has a market cap of $190,421.02, a PE ratio of 13.88, a PEG ratio of 1.41 and a beta of 1.57. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.01 and a current ratio of 1.01.
Citigroup (NYSE:C) last released its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.10. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The firm had revenue of $18.17 billion during the quarter, compared to analyst estimates of $17.87 billion. During the same quarter in the prior year, the firm earned $1.24 EPS. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. sell-side analysts expect that Citigroup Inc. will post 5.31 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Monday, November 6th were 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 was Friday, November 3rd. Citigroup’s payout ratio is currently 24.66%.
Citigroup Company Profile
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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