Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in shares of Citigroup Inc. (NYSE:C) by 54.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 3,083 shares of the financial services provider’s stock after acquiring an additional 1,083 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Citigroup were worth $224,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Capital Analysts LLC increased its position in shares of Citigroup by 5.4% in the 2nd quarter. Capital Analysts LLC now owns 45,844 shares of the financial services provider’s stock valued at $3,066,000 after buying an additional 2,367 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Citigroup by 5.2% in the 2nd quarter. Principal Financial Group Inc. now owns 4,152,299 shares of the financial services provider’s stock valued at $277,705,000 after buying an additional 205,298 shares in the last quarter. BlackRock Inc. increased its position in shares of Citigroup by 2,718.7% in the 1st quarter. BlackRock Inc. now owns 196,415,461 shares of the financial services provider’s stock valued at $11,749,573,000 after buying an additional 189,447,104 shares in the last quarter. Amalgamated Bank increased its position in shares of Citigroup by 1.0% in the 1st quarter. Amalgamated Bank now owns 195,156 shares of the financial services provider’s stock valued at $11,674,000 after buying an additional 1,937 shares in the last quarter. Finally, Bank of Hawaii increased its position in shares of Citigroup by 52.2% in the 2nd quarter. Bank of Hawaii now owns 6,536 shares of the financial services provider’s stock valued at $437,000 after buying an additional 2,242 shares in the last quarter. Institutional investors own 78.59% of the company’s stock.
Citigroup Inc. (NYSE C) opened at $74.77 on Friday. Citigroup Inc. has a one year low of $55.23 and a one year high of $77.92. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $195,444.63, a PE ratio of 14.24, a PEG ratio of 1.45 and a beta of 1.55.
The firm also recently disclosed 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. The ex-dividend date was Friday, November 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.71%. Citigroup’s dividend payout ratio is 24.66%.
A number of research firms recently commented on C. Keefe, Bruyette & Woods upped their price objective on shares of Citigroup from $80.00 to $87.00 and gave the company an “outperform” rating in a research report on Thursday. Credit Suisse Group reaffirmed a “buy” rating and issued a $83.00 target price on shares of Citigroup in a research note on Tuesday. Nomura upped their target price on shares of Citigroup to $84.00 and gave the stock a “buy” rating in a research note on Monday, December 11th. Vetr raised shares of Citigroup from a “hold” rating to a “buy” rating and set a $80.92 target price for the company in a research note on Monday, December 4th. Finally, Raymond James Financial started coverage on shares of Citigroup in a research note on Tuesday, October 31st. They issued a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Citigroup has a consensus rating of “Buy” and a consensus target price of $76.54.
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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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