Benjamin F. Edwards & Company Inc. lifted its position in Citigroup Inc. (NYSE:C) by 41.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,695 shares of the financial services provider’s stock after purchasing an additional 1,670 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Citigroup were worth $414,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vantage Financial Partners Ltd. Inc. acquired a new position in shares of Citigroup during the second quarter worth $1,034,000. Catamount Wealth Management acquired a new position in shares of Citigroup during the second quarter worth $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in shares of Citigroup by 206.0% during the second 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. Balentine LLC increased its position in shares of Citigroup by 20.2% during the second quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 272 shares in the last quarter. Finally, Acrospire Investment Management LLC increased its position in shares of Citigroup by 21.4% during the second 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. Hedge funds and other institutional investors own 78.59% of the company’s stock.
C has been the topic of a number of recent analyst reports. ValuEngine raised Citigroup from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Societe Generale raised Citigroup from a “sell” rating to a “hold” rating and upped their target price for the company from $63.00 to $70.00 in a research report on Monday, September 11th. Credit Suisse Group reissued a “buy” rating and issued a $73.00 target price on shares of Citigroup in a research report on Wednesday, September 13th. BidaskClub raised Citigroup from a “hold” rating to a “buy” rating in a research report on Thursday, September 21st. Finally, Atlantic Securities reissued 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 research analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $75.97.
Citigroup (NYSE:C) last posted its earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, topping the 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 analyst estimates of $17.87 billion. During the same period in the prior year, the company posted $1.24 EPS. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. research analysts predict that Citigroup Inc. will post 5.31 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Monday, November 6th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend was Friday, November 3rd. Citigroup’s payout ratio is currently 24.66%.
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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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