Frontier Wealth Management LLC raised its stake in shares of Citigroup Inc. (NYSE:C) by 1.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,901 shares of the financial services provider’s stock after purchasing an additional 140 shares during the period. Frontier Wealth Management LLC’s holdings in Citigroup were worth $729,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of C. BlackRock Inc. lifted its holdings 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 purchasing an additional 189,447,104 shares in the last quarter. FMR LLC lifted its holdings in Citigroup by 18.2% during the first quarter. FMR LLC now owns 105,742,815 shares of the financial services provider’s stock valued at $6,325,535,000 after purchasing an additional 16,257,931 shares in the last quarter. Lazard Asset Management LLC raised its position in shares of Citigroup by 109.5% in the second quarter. Lazard Asset Management LLC now owns 9,292,727 shares of the financial services provider’s stock valued at $621,497,000 after buying an additional 4,856,866 shares during the last quarter. Pioneer Investment Management Inc. raised its position in shares of Citigroup by 2,317.8% in the second quarter. Pioneer Investment Management Inc. now owns 5,002,029 shares of the financial services provider’s stock valued at $334,536,000 after buying an additional 4,795,145 shares during the last quarter. Finally, Vanguard Group Inc. raised its position 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 valued at $10,958,960,000 after buying an additional 4,391,347 shares during the last quarter. 77.98% of the stock is currently owned by institutional investors and hedge funds.
Citigroup Inc. (NYSE C) opened at $71.33 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.11. Citigroup Inc. has a 12 month low of $54.98 and a 12 month high of $76.14. The company has a market cap of $188,596.67, a P/E ratio of 13.74, a PEG 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, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.10. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The business had revenue of $18.17 billion during the quarter, compared to analyst estimates of $17.87 billion. During the same quarter last year, the firm posted $1.24 earnings per share. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. sell-side analysts expect that Citigroup Inc. will post 5.31 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Monday, November 6th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Friday, November 3rd. Citigroup’s payout ratio is 24.66%.
A number of brokerages have recently commented on C. Keefe, Bruyette & Woods set a $75.00 target price on shares of Citigroup and gave the company a “buy” rating in a research report on Sunday, August 13th. Wells Fargo & Company reiterated a “buy” rating on shares of Citigroup in a research report on Monday, October 2nd. Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Citigroup in a research report on Wednesday, September 27th. Deutsche Bank AG reiterated a “hold” rating and issued a $67.00 target price (up from $61.00) on shares of Citigroup in a research report on Tuesday, September 26th. Finally, Atlantic Securities reiterated an “overweight” rating and issued a $85.00 target price (up from $75.00) on shares of Citigroup in a research report on Tuesday, September 26th. One equities research 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’s stock. Citigroup currently has a consensus rating of “Buy” and a consensus price target of $75.61.
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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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