Middleton & Co Inc MA raised its stake in shares of Citigroup Inc. (NYSE:C) by 6.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,232 shares of the financial services provider’s stock after buying an additional 3,685 shares during the quarter. Middleton & Co Inc MA’s holdings in Citigroup were worth $4,309,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of C. Vantage Financial Partners Ltd. Inc. acquired a new position in Citigroup during the 2nd quarter worth approximately $1,034,000. Catamount Wealth Management acquired a new position in Citigroup during the 2nd quarter worth approximately $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in Citigroup by 206.0% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock worth $102,000 after acquiring an additional 1,030 shares during the last quarter. Balentine LLC boosted its position in Citigroup by 20.2% during the 2nd quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after acquiring an additional 272 shares during the last quarter. Finally, Acrospire Investment Management LLC boosted its position in Citigroup by 21.4% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 300 shares during the last quarter. Institutional investors own 78.47% of the company’s stock.
A number of brokerages have recently issued reports on C. Credit Suisse Group reiterated a “buy” rating and set a $83.00 price objective (up previously from $73.00) on shares of Citigroup in a research note on Monday, October 9th. They noted that the move was a valuation call. Wells Fargo & Company reiterated a “buy” rating on shares of Citigroup in a research note on Monday, October 2nd. Royal Bank of Canada reiterated a “buy” rating and set a $75.00 price objective on shares of Citigroup in a research note on Wednesday, September 27th. BidaskClub upgraded Citigroup from a “hold” rating to a “buy” rating in a research note on Thursday, September 21st. Finally, Nomura increased their price target on Citigroup from $80.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, October 13th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $76.78.
Citigroup (NYSE:C) last posted its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.10. The firm had revenue of $18.17 billion for the quarter, compared to analysts’ expectations of $17.87 billion. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.24 EPS. sell-side analysts forecast that Citigroup Inc. will post 5.3 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Monday, November 6th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend was Friday, November 3rd. Citigroup’s dividend payout ratio (DPR) 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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