Employees Retirement System of Texas lowered its holdings in Citigroup Inc. (NYSE:C) by 4.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 266,350 shares of the financial services provider’s stock after selling 12,000 shares during the quarter. Employees Retirement System of Texas’ holdings in Citigroup were worth $17,813,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Catamount Wealth Management acquired a new stake in shares of Citigroup during the 2nd quarter worth approximately $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its holdings in shares of Citigroup by 206.0% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 1,030 shares in the last quarter. Patten Group Inc. grew its holdings in shares of Citigroup by 6.6% during the 1st quarter. Patten Group Inc. now owns 1,765 shares of the financial services provider’s stock worth $105,000 after purchasing an additional 110 shares in the last quarter. Dubuque Bank & Trust Co. grew its holdings in shares of Citigroup by 60.8% during the 2nd quarter. Dubuque Bank & Trust Co. now owns 1,584 shares of the financial services provider’s stock worth $106,000 after purchasing an additional 599 shares in the last quarter. Finally, Acrospire Investment Management LLC grew its holdings in shares of Citigroup by 21.4% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 300 shares in the last quarter. 77.98% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Citigroup Inc. (NYSE C) opened at $72.38 on Wednesday. The firm has a market capitalization of $190,500.34, a price-to-earnings ratio of 13.88, a PEG ratio of 1.41 and a beta of 1.57. Citigroup Inc. has a 52-week low of $55.23 and a 52-week high of $76.14. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.01 and a current ratio of 1.01.
Citigroup (NYSE:C) last released its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.10. The business had revenue of $18.17 billion during the quarter, compared to the consensus estimate of $17.87 billion. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The firm’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.24 earnings per share. research analysts forecast that Citigroup Inc. will post 5.31 EPS for the current 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 issued a $0.32 dividend. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 1.77%. Citigroup’s dividend payout ratio is presently 24.66%.
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Several brokerages have recently weighed in on C. Keefe, Bruyette & Woods set a $75.00 price objective on Citigroup and gave the stock a “buy” rating in a report on Sunday, August 13th. Wells Fargo & Company reissued a “buy” rating on shares of Citigroup in a report on Monday, October 2nd. Raymond James Financial, Inc. reissued an “underperform” rating on shares of Citigroup in a report on Wednesday, September 27th. Deutsche Bank AG reissued 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 reissued 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 research analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. Citigroup currently has a consensus rating of “Buy” and an average price target of $75.61.
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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