Bp Plc grew its position in shares of Citigroup Inc. (NYSE:C) by 1.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 320,000 shares of the financial services provider’s stock after acquiring an additional 5,000 shares during the quarter. Citigroup comprises 0.8% of Bp Plc’s holdings, making the stock its 23rd largest holding. Bp Plc’s holdings in Citigroup were worth $23,267,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Investors Asset Management of Georgia Inc. GA ADV grew its position in Citigroup by 0.8% during the 2nd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 5,359 shares of the financial services provider’s stock worth $358,000 after acquiring an additional 40 shares during the last quarter. Leisure Capital Management grew its position in Citigroup by 1.6% during the 2nd quarter. Leisure Capital Management now owns 3,763 shares of the financial services provider’s stock worth $252,000 after acquiring an additional 59 shares during the last quarter. Regal Investment Advisors LLC lifted its holdings in Citigroup by 2.0% in the 1st quarter. Regal Investment Advisors LLC now owns 3,800 shares of the financial services provider’s stock worth $227,000 after buying an additional 74 shares during the period. Halbert Hargrove Russell LLC lifted its holdings in Citigroup by 1.6% in the 2nd quarter. Halbert Hargrove Russell LLC now owns 4,736 shares of the financial services provider’s stock worth $317,000 after buying an additional 74 shares during the period. Finally, Usca Ria LLC lifted its holdings in Citigroup by 0.3% in the 2nd quarter. Usca Ria LLC now owns 34,375 shares of the financial services provider’s stock worth $2,299,000 after buying an additional 90 shares during the period. Institutional investors and hedge funds own 78.59% of the company’s stock.
C has been the subject of several research analyst reports. Bank of America reiterated a “neutral” rating on shares of Citigroup in a report on Wednesday, October 11th. Wells Fargo & Company reiterated a “buy” rating on shares of Citigroup in a report on Monday, October 2nd. Keefe, Bruyette & Woods increased their price objective on Citigroup from $80.00 to $87.00 and gave the stock an “outperform” rating in a report on Thursday. Atlantic Securities reiterated an “overweight” rating and issued a $85.00 price objective (up previously from $75.00) on shares of Citigroup in a report on Tuesday, September 26th. Finally, BMO Capital Markets raised their target price on Citigroup from $65.00 to $67.00 and gave the company a “market perform” rating in a research note on Friday, October 13th. 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 stock. The company presently has an average rating of “Buy” and an average target price of $76.54.
Citigroup (NYSE:C) last released its earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.10. The company had revenue of $18.17 billion for 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%. Citigroup’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.24 earnings per share. analysts forecast that Citigroup Inc. will post 5.3 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Monday, November 6th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $1.28 annualized dividend and a yield of 1.71%. Citigroup’s dividend payout ratio (DPR) is presently 24.66%.
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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