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 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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