Tiaa Fsb purchased a new position in Citigroup Inc. (NYSE:C) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 86,240 shares of the financial services provider’s stock, valued at approximately $5,768,000.
A number of other large investors have also bought and sold shares of C. Private Advisor Group LLC raised its position in Citigroup by 38.8% in the first quarter. Private Advisor Group LLC now owns 73,965 shares of the financial services provider’s stock worth $3,513,000 after purchasing an additional 20,688 shares in the last quarter. Chatham Capital Group Inc. acquired a new position in Citigroup in the first quarter worth about $275,000. Pinnacle Associates Ltd. raised its position in Citigroup by 19.3% in the first quarter. Pinnacle Associates Ltd. now owns 473,409 shares of the financial services provider’s stock worth $28,319,000 after purchasing an additional 76,642 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its position in Citigroup by 8.7% in the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 334,884 shares of the financial services provider’s stock worth $20,189,000 after purchasing an additional 26,827 shares in the last quarter. Finally, Meiji Yasuda Life Insurance Co raised its position in Citigroup by 9.1% in the first quarter. Meiji Yasuda Life Insurance Co now owns 98,768 shares of the financial services provider’s stock worth $5,908,000 after purchasing an additional 8,200 shares in the last quarter. 78.15% of the stock is owned by hedge funds and other institutional investors.
Citigroup Inc. (C) opened at $71.53 on Wednesday. The firm has a market cap of $190,341.69, a price-to-earnings ratio of 13.87, a PEG ratio of 1.41 and a beta of 1.57. Citigroup Inc. has a 52-week low of $53.71 and a 52-week high of $76.14. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.11.
Citigroup (NYSE:C) last announced its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.10. The company had revenue of $18.17 billion for the quarter, compared to analysts’ expectations of $17.87 billion. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the firm posted $1.24 earnings per share. research analysts anticipate that Citigroup Inc. will post 5.31 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Monday, November 6th will be given a dividend of $0.32 per share. The ex-dividend date is Friday, November 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.79%. Citigroup’s dividend payout ratio is 24.66%.
Several analysts have recently weighed in on C shares. Keefe, Bruyette & Woods set a $75.00 price objective on shares of Citigroup and gave the stock a “buy” rating in a report on Sunday, August 13th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Citigroup in a report on Monday, October 2nd. Raymond James Financial, Inc. reaffirmed an “underperform” rating on shares of Citigroup in a report on Wednesday, September 27th. Deutsche Bank AG reaffirmed a “hold” rating and set a $67.00 price objective (up previously from $61.00) on shares of Citigroup in a report on Tuesday, September 26th. Finally, Atlantic Securities reaffirmed an “overweight” rating and set a $85.00 price objective (up previously from $75.00) on shares of Citigroup in a report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $74.77.
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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