TLP Group LLC trimmed its stake in Citigroup Inc. (NYSE:C) by 63.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,386 shares of the financial services provider’s stock after selling 5,794 shares during the period. TLP Group LLC’s holdings in Citigroup were worth $226,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of C. Investors Asset Management of Georgia Inc. GA ADV raised its holdings in shares of Citigroup by 0.8% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 5,359 shares of the financial services provider’s stock worth $358,000 after buying an additional 40 shares during the period. Leisure Capital Management raised its holdings in shares of Citigroup by 1.6% in the second quarter. Leisure Capital Management now owns 3,763 shares of the financial services provider’s stock worth $252,000 after buying an additional 59 shares during the period. Regal Investment Advisors LLC raised its holdings in shares of Citigroup by 2.0% in the first quarter. Regal Investment Advisors LLC now owns 3,800 shares of the financial services provider’s stock worth $227,000 after buying an additional 74 shares during the period. Halbert Hargrove Russell LLC raised its holdings in shares of Citigroup by 1.6% in the second quarter. Halbert Hargrove Russell LLC now owns 4,736 shares of the financial services provider’s stock worth $317,000 after buying an additional 74 shares during the period. Finally, Usca Ria LLC increased its holdings in Citigroup by 0.3% during the 2nd quarter. Usca Ria LLC now owns 34,375 shares of the financial services provider’s stock worth $2,299,000 after purchasing an additional 90 shares during the period. 78.15% of the stock is owned by institutional investors and hedge funds.
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Shares of Citigroup Inc. (NYSE C) opened at $71.67 on Friday. Citigroup Inc. has a 52 week low of $54.36 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. The company has a market capitalization of $189,654.27, a P/E ratio of 13.82, a price-to-earnings-growth ratio of 1.40 and a beta of 1.57.
Citigroup (NYSE:C) last posted its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.32 by $0.10. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The company had revenue of $18.17 billion during the quarter, compared to analyst estimates of $17.87 billion. During the same period in the previous year, the business earned $1.24 EPS. Citigroup’s quarterly revenue was up 2.3% on a year-over-year basis. equities analysts anticipate that Citigroup Inc. will post 5.31 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Monday, November 6th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $1.28 annualized dividend and a yield of 1.79%. Citigroup’s dividend payout ratio (DPR) is currently 24.66%.
C has been the topic of several research reports. Credit Suisse Group restated an “outperform” rating and set a $76.00 price objective (up from $70.00) on shares of Citigroup in a report on Wednesday, July 26th. BMO Capital Markets downgraded Citigroup from an “outperform” rating to a “market perform” rating and cut their price target for the company from $67.43 to $65.00 in a report on Monday, July 31st. They noted that the move was a valuation call. Vetr downgraded Citigroup from a “strong-buy” rating to a “buy” rating and set a $76.22 price target on the stock. in a report on Monday, July 31st. J P Morgan Chase & Co set a $73.50 price target on Citigroup and gave the company a “buy” rating in a report on Wednesday, August 2nd. Finally, Wells Fargo & Company initiated coverage on Citigroup in a report on Wednesday, August 9th. They issued an “outperform” rating and a $90.00 price target on the stock. One analyst has rated the stock with a sell rating, eleven have given a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Citigroup has an average rating of “Buy” and an average price target 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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