Citigroup Inc. (C) Stake Raised by Wright Investors Service Inc.
Wright Investors Service Inc. increased its stake in Citigroup Inc. (NYSE:C) by 6.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,638 shares of the financial services provider’s stock after buying an additional 2,492 shares during the quarter. Citigroup makes up 1.0% of Wright Investors Service Inc.’s holdings, making the stock its 27th biggest position. Wright Investors Service Inc.’s holdings in Citigroup were worth $2,810,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital Analysts LLC increased its position in shares of Citigroup by 5.4% in the second quarter. Capital Analysts LLC now owns 45,844 shares of the financial services provider’s stock worth $3,066,000 after purchasing an additional 2,367 shares during the period. Principal Financial Group Inc. increased its position in shares of Citigroup by 5.2% in the second quarter. Principal Financial Group Inc. now owns 4,152,299 shares of the financial services provider’s stock worth $277,705,000 after purchasing an additional 205,298 shares during the period. BlackRock Inc. increased its position in shares of Citigroup by 2,718.7% in the first quarter. BlackRock Inc. now owns 196,415,461 shares of the financial services provider’s stock worth $11,749,573,000 after purchasing an additional 189,447,104 shares during the period. Amalgamated Bank grew its position in Citigroup by 1.0% in the first quarter. Amalgamated Bank now owns 195,156 shares of the financial services provider’s stock valued at $11,674,000 after acquiring an additional 1,937 shares during the last quarter. Finally, Bank of Hawaii grew its position in Citigroup by 52.2% in the second quarter. Bank of Hawaii now owns 6,536 shares of the financial services provider’s stock valued at $437,000 after acquiring an additional 2,242 shares during the last quarter. 78.59% of the stock is owned by institutional investors.
A number of research firms have issued reports on C. Keefe, Bruyette & Woods lifted their target price on Citigroup from $80.00 to $87.00 and gave the company an “outperform” rating in a research report on Thursday. Credit Suisse Group reiterated a “buy” rating and issued a $83.00 target price on shares of Citigroup in a research report on Tuesday, December 12th. Nomura lifted their target price on Citigroup to $84.00 and gave the company a “buy” rating in a research report on Monday, December 11th. Vetr upgraded Citigroup from a “hold” rating to a “buy” rating and set a $80.92 target price on the stock in a research report on Monday, December 4th. Finally, Raymond James Financial initiated coverage on Citigroup in a research report on Tuesday, October 31st. They issued a “hold” rating on the stock. One analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $76.54.
Shares of Citigroup Inc. (NYSE:C) opened at $74.77 on Friday. The company has a market capitalization of $197,692.02, a P/E ratio of 14.41, a PEG ratio of 1.47 and a beta of 1.55. Citigroup Inc. has a 1-year low of $55.23 and a 1-year high of $77.92. 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 (NYSE:C) last released its quarterly earnings data 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. The firm had revenue of $18.17 billion during the quarter, compared to the consensus estimate of $17.87 billion. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.24 earnings per share. sell-side analysts expect that Citigroup Inc. will post 5.3 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Monday, November 6th were issued a dividend of $0.32 per share. The ex-dividend date was Friday, November 3rd. This represents a $1.28 annualized dividend and a dividend yield of 1.71%. Citigroup’s dividend payout ratio is 24.66%.
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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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