Permit Capital LLC Sells 13,250 Shares of Citigroup Inc. (C)
Permit Capital LLC lessened its position in shares of Citigroup Inc. (NYSE:C) by 11.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 106,750 shares of the financial services provider’s stock after selling 13,250 shares during the quarter. Citigroup accounts for 4.2% of Permit Capital LLC’s portfolio, making the stock its 5th largest position. Permit Capital LLC’s holdings in Citigroup were worth $7,139,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Catamount Wealth Management purchased a new stake in shares of Citigroup in the second quarter worth about $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in shares of Citigroup by 206.0% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock worth $102,000 after buying an additional 1,030 shares during the last quarter. Patten Group Inc. boosted its stake in shares of Citigroup by 6.6% in the first 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. boosted its stake in shares of Citigroup by 60.8% in the second 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 boosted its stake in shares of Citigroup by 21.4% in the second 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. Institutional investors and hedge funds own 77.98% of the company’s stock.
C has been the subject of a number of analyst reports. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $78.50 price target (up previously from $77.50) on shares of Citigroup in a report on Friday, October 6th. BMO Capital Markets reaffirmed a “hold” rating and issued a $65.00 price target on shares of Citigroup in a report on Friday, October 6th. Credit Suisse Group reaffirmed a “buy” rating and issued a $83.00 price target (up previously from $73.00) on shares of Citigroup in a report on Monday, October 9th. They noted that the move was a valuation call. Stifel Nicolaus reaffirmed a “hold” rating on shares of Citigroup in a report on Monday, October 9th. Finally, BidaskClub raised Citigroup from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. Citigroup presently has a consensus rating of “Buy” and a consensus price target of $75.61.
Citigroup Inc. (NYSE C) opened at $72.26 on Thursday. The firm has a market capitalization of $191,372.86, a P/E ratio of 13.95, a P/E/G ratio of 1.42 and a beta of 1.57. Citigroup Inc. has a 52-week low of $55.23 and a 52-week high of $76.14. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.01 and a quick ratio of 1.01.
Citigroup (NYSE:C) last issued its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.10. The company had revenue of $18.17 billion during the quarter, compared to analyst estimates of $17.87 billion. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.24 earnings per share. analysts anticipate that Citigroup Inc. will post 5.31 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Monday, November 6th were given a $0.32 dividend. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $1.28 annualized dividend and a yield of 1.77%. Citigroup’s payout ratio is 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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