Veritable L.P. raised its position in shares of Citigroup Inc. (NYSE:C) by 1.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 79,613 shares of the financial services provider’s stock after acquiring an additional 1,097 shares during the period. Veritable L.P.’s holdings in Citigroup were worth $5,325,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently bought and sold shares of the business. BlackRock Inc. increased its position in Citigroup by 2,718.7% during the first quarter. BlackRock Inc. now owns 196,415,461 shares of the financial services provider’s stock valued at $11,749,573,000 after acquiring an additional 189,447,104 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Citigroup by 2.5% in the first quarter. Vanguard Group Inc. now owns 183,198,941 shares of the financial services provider’s stock worth $10,958,960,000 after purchasing an additional 4,391,347 shares during the last quarter. FMR LLC grew its holdings in shares of Citigroup by 3.8% in the second quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock worth $7,343,721,000 after purchasing an additional 4,061,637 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Citigroup by 6.8% in the second quarter. Bank of New York Mellon Corp now owns 46,110,561 shares of the financial services provider’s stock worth $3,083,874,000 after purchasing an additional 2,943,282 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Citigroup by 3.1% in the second quarter. Northern Trust Corp now owns 34,097,795 shares of the financial services provider’s stock worth $2,280,461,000 after purchasing an additional 1,011,532 shares during the last quarter. Institutional investors and hedge funds own 78.15% of the company’s stock.
Citigroup Inc. (C) opened at $71.33 on Friday. The company has a market cap of $188,596.67, a P/E ratio of 13.74, a P/E/G ratio of 1.40 and a beta of 1.57. 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 Inc. has a 1 year low of $54.98 and a 1 year high of $76.14.
Citigroup (NYSE:C) last announced its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.10. The firm had revenue of $18.17 billion during the quarter, compared to analyst estimates of $17.87 billion. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. Citigroup’s revenue was up 2.3% on a year-over-year basis. During the same period last year, the firm posted $1.24 EPS. research analysts anticipate that Citigroup Inc. will post 5.31 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Monday, November 6th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Friday, November 3rd. Citigroup’s payout ratio is currently 24.66%.
A number of research analysts have recently commented on the stock. Raymond James Financial, Inc. assumed coverage on shares of Citigroup in a report on Tuesday, October 31st. They issued a “hold” rating on the stock. BidaskClub cut shares of Citigroup from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 17th. Societe Generale cut shares of Citigroup from a “hold” rating to a “sell” rating and set a $65.00 price target on the stock. in a report on Monday, October 16th. Nomura upped their price target on shares of Citigroup from $80.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, October 13th. Finally, Morgan Stanley upped their price target on shares of Citigroup from $73.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, October 13th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $75.61.
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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