L & S Advisors Inc Has $6.76 Million Position in Citigroup Inc. (C)

L & S Advisors Inc grew its stake in Citigroup Inc. (NYSE:C) by 85.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 101,065 shares of the financial services provider’s stock after buying an additional 46,564 shares during the quarter. Citigroup accounts for about 1.2% of L & S Advisors Inc’s investment portfolio, making the stock its 19th biggest holding. L & S Advisors Inc’s holdings in Citigroup were worth $6,759,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Catamount Wealth Management acquired a new position in shares of Citigroup in the second quarter valued at approximately $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its holdings in shares of Citigroup by 206.0% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock valued at $102,000 after buying an additional 1,030 shares during the period. Patten Group Inc. boosted its holdings in shares of Citigroup by 6.6% in the first quarter. Patten Group Inc. now owns 1,765 shares of the financial services provider’s stock valued at $105,000 after buying an additional 110 shares during the period. Dubuque Bank & Trust Co. boosted its holdings in shares of Citigroup by 60.8% in the second quarter. Dubuque Bank & Trust Co. now owns 1,584 shares of the financial services provider’s stock valued at $106,000 after buying an additional 599 shares during the period. Finally, Acrospire Investment Management LLC boosted its holdings in shares of Citigroup by 21.4% in the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock valued at $114,000 after buying an additional 300 shares during the period. Institutional investors own 77.98% of the company’s stock.

Citigroup Inc. (NYSE C) opened at $72.26 on Thursday. The firm has a market cap of $191,372.86, a PE ratio of 13.95, a PEG ratio of 1.42 and a beta of 1.57. Citigroup Inc. has a 1 year low of $55.23 and a 1 year high of $76.14. 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 (NYSE:C) last released its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $17.87 billion. During the same period in the prior year, the company posted $1.24 earnings per share. Citigroup’s revenue was up 2.3% compared to the same quarter last year. sell-side analysts predict that Citigroup Inc. will post 5.31 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Monday, November 6th were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $1.28 annualized dividend and a dividend yield of 1.77%. Citigroup’s dividend payout ratio (DPR) is presently 24.66%.

Several research analysts recently commented on C shares. set a $74.00 target price on shares of Citigroup and gave the stock a “hold” rating in a report on Friday, August 11th. Societe Generale upgraded shares of Citigroup from a “sell” rating to a “hold” rating and increased their target price for the stock from $63.00 to $70.00 in a report on Monday, September 11th. Royal Bank Of Canada restated a “buy” rating and set a $75.00 target price on shares of Citigroup in a report on Wednesday, September 27th. Vetr cut shares of Citigroup from a “strong-buy” rating to a “buy” rating and set a $76.22 target price for the company. in a report on Monday, July 31st. Finally, Credit Suisse Group restated an “outperform” rating and set a $76.00 target price (up previously from $70.00) on shares of Citigroup in a report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $75.61.

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Citigroup 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.

Institutional Ownership by Quarter for Citigroup (NYSE:C)

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