Jafra Capital Management LP Boosts Position in Citigroup Inc (C)
Jafra Capital Management LP grew its holdings in Citigroup Inc (NYSE:C) by 217.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,000 shares of the financial services provider’s stock after purchasing an additional 68,456 shares during the period. Citigroup comprises about 2.3% of Jafra Capital Management LP’s investment portfolio, making the stock its 9th biggest holding. Jafra Capital Management LP’s holdings in Citigroup were worth $6,692,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of C. Moneta Group Investment Advisors LLC boosted its stake in shares of Citigroup by 279.3% in the 2nd quarter. Moneta Group Investment Advisors LLC now owns 56,126 shares of the financial services provider’s stock worth $1,077,000 after buying an additional 41,329 shares during the last quarter. Worldquant Millennium Quantitative Strategies LLC purchased a new position in shares of Citigroup in the 2nd quarter worth $14,006,000. Zurich Insurance Group Ltd FI boosted its stake in shares of Citigroup by 2.5% in the 2nd quarter. Zurich Insurance Group Ltd FI now owns 451,665 shares of the financial services provider’s stock worth $30,225,000 after buying an additional 10,890 shares during the last quarter. Centaurus Financial Inc. boosted its stake in shares of Citigroup by 201.3% in the 2nd quarter. Centaurus Financial Inc. now owns 34,698 shares of the financial services provider’s stock worth $2,322,000 after buying an additional 23,181 shares during the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its stake in shares of Citigroup by 83.7% in the 2nd quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 97,899 shares of the financial services provider’s stock worth $6,551,000 after buying an additional 44,600 shares during the last quarter. 74.83% of the stock is owned by institutional investors and hedge funds.
Shares of C stock opened at $70.15 on Friday. Citigroup Inc has a 12-month low of $64.38 and a 12-month high of $80.70. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $181.22 billion, a PE ratio of 13.16, a PEG ratio of 0.96 and a beta of 1.45.
The company also recently announced a quarterly dividend, which was paid on Friday, August 24th. Stockholders of record on Monday, August 6th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.57%. This is a boost from Citigroup’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, August 3rd. Citigroup’s payout ratio is 33.77%.
In other news, insider Raja Akram sold 500 shares of Citigroup stock in a transaction dated Thursday, July 19th. The stock was sold at an average price of $69.21, for a total value of $34,605.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Francisco Aristeguieta sold 15,000 shares of Citigroup stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $72.36, for a total value of $1,085,400.00. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.
Several research firms recently weighed in on C. ValuEngine downgraded Citigroup from a “hold” rating to a “sell” rating in a research report on Wednesday, August 15th. TheStreet upgraded Citigroup from a “c” rating to a “b-” rating in a research report on Monday, July 30th. BMO Capital Markets lifted their target price on Citigroup from $76.00 to $85.00 and gave the company a “market perform” rating in a research report on Monday, July 16th. Oppenheimer lifted their target price on Citigroup from $89.00 to $91.00 and gave the company an “outperformer” rating in a research report on Monday, July 16th. Finally, Deutsche Bank upgraded Citigroup from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a research report on Wednesday, June 20th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $81.65.
Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.
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