Enterprise Financial Services Corp Raises Position in Citigroup Inc. (C)
Enterprise Financial Services Corp increased its holdings in Citigroup Inc. (NYSE:C) by 131.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,552 shares of the financial services provider’s stock after acquiring an additional 2,589 shares during the quarter. Enterprise Financial Services Corp’s holdings in Citigroup were worth $331,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. BlackRock Inc. grew its stake 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 acquiring an additional 189,447,104 shares during the period. Vanguard Group Inc. grew its stake in shares of Citigroup by 2.5% in the first quarter. Vanguard Group Inc. now owns 183,198,941 shares of the financial services provider’s stock worth $10,958,960,000 after acquiring an additional 4,391,347 shares during the period. FMR LLC grew its stake in shares of Citigroup by 3.8% in the second quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock worth $7,343,721,000 after acquiring an additional 4,061,637 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Citigroup by 6.8% in the second quarter. Bank of New York Mellon Corp now owns 46,110,561 shares of the financial services provider’s stock worth $3,083,874,000 after acquiring an additional 2,943,282 shares during the period. Finally, Harris Associates L P grew its stake in shares of Citigroup by 0.5% in the second quarter. Harris Associates L P now owns 41,350,951 shares of the financial services provider’s stock worth $2,765,551,000 after acquiring an additional 221,171 shares during the period. Institutional investors own 78.59% of the company’s stock.
C has been the topic of a number of research reports. Keefe, Bruyette & Woods raised their price objective on shares of Citigroup from $80.00 to $87.00 and gave the stock an “outperform” rating in a report on Thursday. Credit Suisse Group reissued a “buy” rating and issued a $83.00 price objective on shares of Citigroup in a report on Tuesday. Nomura lifted their price target on shares of Citigroup to $84.00 and gave the company a “buy” rating in a report on Monday, December 11th. Vetr raised shares of Citigroup from a “hold” rating to a “buy” rating and set a $80.92 price target on the stock in a report on Monday, December 4th. Finally, Raymond James Financial assumed coverage on shares of Citigroup in a report on Tuesday, October 31st. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $76.54.
Citigroup (NYSE:C) last posted its quarterly earnings data 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 net margin of 18.11% and a return on equity of 7.48%. The business had revenue of $18.17 billion for the quarter, compared to analysts’ expectations of $17.87 billion. During the same quarter in the previous year, the business posted $1.24 earnings per share. The business’s revenue was up 2.3% compared to the same quarter last year. equities research analysts expect that Citigroup Inc. will post 5.3 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Monday, November 6th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date was Friday, November 3rd. Citigroup’s dividend payout ratio is currently 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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