Culbertson A N & Co. Inc. Buys 1,100 Shares of Citigroup Inc. (C)
Culbertson A N & Co. Inc. grew its stake in Citigroup Inc. (NYSE:C) by 4.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,009 shares of the financial services provider’s stock after acquiring an additional 1,100 shares during the quarter. Culbertson A N & Co. Inc.’s holdings in Citigroup were worth $1,892,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of C. Godshalk Welsh Capital Management Inc. increased its stake in shares of Citigroup by 15.9% in the 1st quarter. Godshalk Welsh Capital Management Inc. now owns 5,475 shares of the financial services provider’s stock worth $328,000 after acquiring an additional 750 shares during the last quarter. Israel Discount Bank of New York purchased a new position in shares of Citigroup during the 1st quarter worth $785,000. Poplar Forest Capital LLC grew its holdings in shares of Citigroup by 2.0% during the 1st quarter. Poplar Forest Capital LLC now owns 967,267 shares of the financial services provider’s stock worth $57,862,000 after purchasing an additional 18,777 shares during the period. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Citigroup by 4.5% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 17,008,557 shares of the financial services provider’s stock worth $1,017,452,000 after purchasing an additional 739,854 shares during the period. Finally, Good Life Advisors LLC purchased a new position in shares of Citigroup during the 1st quarter worth $209,000. 78.59% of the stock is owned by institutional investors and hedge funds.
Shares of Citigroup Inc. (NYSE:C) opened at $75.44 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.11. Citigroup Inc. has a 12 month low of $55.23 and a 12 month high of $77.92. The firm has a market capitalization of $202,371.91, a P/E ratio of 14.75, a P/E/G ratio of 1.50 and a beta of 1.55.
Citigroup (NYSE:C) last posted its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.10. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The firm had revenue of $18.17 billion for the quarter, compared to the consensus estimate of $17.87 billion. During the same period in the previous year, the business earned $1.24 earnings per share. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. research analysts anticipate that Citigroup Inc. will post 5.31 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Monday, November 6th were given a dividend of $0.32 per share. The ex-dividend date was Friday, November 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 1.70%. Citigroup’s payout ratio is 24.66%.
A number of equities analysts have recently weighed in on the company. Wells Fargo & Company assumed coverage on Citigroup in a report on Wednesday, August 9th. They set an “outperform” rating and a $90.00 price target for the company. Raymond James Financial began coverage on Citigroup in a report on Tuesday, October 31st. They set a “hold” rating for the company. set a $74.00 target price on Citigroup and gave the company a “hold” rating in a report on Friday, August 11th. Morgan Stanley raised their target price on Citigroup from $73.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, October 13th. Finally, BidaskClub upgraded Citigroup from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Citigroup currently has a consensus rating of “Buy” and an average price target of $75.83.
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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