Union Bancaire Privee UBP SA Has $11.91 Million Position in Citigroup Inc. $C

Union Bancaire Privee UBP SA increased its position in shares of Citigroup Inc. (NYSE:C) by 4.1% in the third quarter, Holdings Channel reports. The institutional investor owned 121,799 shares of the company’s stock after buying an additional 4,852 shares during the period. Union Bancaire Privee UBP SA’s holdings in Citigroup were worth $11,906,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of C. Truvestments Capital LLC boosted its position in Citigroup by 131.6% during the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock worth $31,000 after acquiring an additional 246 shares during the last quarter. Howard Hughes Medical Institute acquired a new stake in shares of Citigroup in the second quarter valued at approximately $34,000. DHJJ Financial Advisors Ltd. lifted its position in shares of Citigroup by 157.1% in the second quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock worth $35,000 after purchasing an additional 253 shares in the last quarter. WPG Advisers LLC acquired a new position in Citigroup during the first quarter worth $38,000. Finally, Legacy Investment Solutions LLC acquired a new position in Citigroup during the second quarter worth $38,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. TD Cowen lifted their price target on shares of Citigroup from $105.00 to $110.00 and gave the company a “hold” rating in a research note on Wednesday, October 15th. Bank of America raised their price objective on Citigroup from $115.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. JPMorgan Chase & Co. raised Citigroup from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $107.00 to $124.00 in a research report on Friday, December 12th. Morgan Stanley upped their target price on Citigroup from $129.00 to $134.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Finally, Wolfe Research reissued an “outperform” rating and set a $121.00 price target on shares of Citigroup in a research report on Wednesday. Thirteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $113.00.

Citigroup Stock Performance

C opened at $111.43 on Wednesday. Citigroup Inc. has a 12-month low of $55.51 and a 12-month high of $113.52. The stock has a market cap of $199.37 billion, a price-to-earnings ratio of 15.65, a PEG ratio of 0.56 and a beta of 1.21. The business has a 50 day moving average of $101.78 and a 200-day moving average of $95.04. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.62.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, October 14th. The company reported $2.24 EPS for the quarter, topping the consensus estimate of $1.89 by $0.35. The company had revenue of $22.09 billion during the quarter, compared to the consensus estimate of $20.92 billion. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.51 EPS. On average, equities research analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Monday, November 3rd were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Monday, November 3rd. Citigroup’s payout ratio is 33.71%.

Citigroup Profile

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.