Wedge Capital Management L L P NC lowered its stake in shares of Citigroup Inc. (NYSE:C) by 3.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 490,819 shares of the financial services provider’s stock after selling 16,780 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Citigroup were worth $35,702,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Vantage Financial Partners Ltd. Inc. bought a new position in Citigroup during the second quarter worth about $1,034,000. Catamount Wealth Management bought a new position in Citigroup during the second quarter worth about $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in 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 during the period. Balentine LLC boosted its position in 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 during the period. Finally, Acrospire Investment Management LLC boosted its position in 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 during the period. Institutional investors own 78.47% of the company’s stock.
C has been the topic of a number of recent analyst reports. Atlantic Securities reissued an “overweight” rating and issued a $85.00 price target (up from $75.00) on shares of Citigroup in a report on Tuesday, September 26th. Bank of America reissued a “neutral” rating on shares of Citigroup in a report on Wednesday, October 11th. Raymond James Financial initiated coverage on shares of Citigroup in a report on Tuesday, October 31st. They issued a “hold” rating on the stock. Vetr downgraded shares of Citigroup from a “buy” rating to a “hold” rating and set a $76.38 price target on the stock. in a report on Wednesday, November 29th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $65.00 target price on shares of Citigroup in a research note on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Citigroup currently has a consensus rating of “Buy” and an average target price of $76.78.
Citigroup (NYSE:C) last posted its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.42 EPS 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 the consensus estimate of $17.87 billion. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The business’s revenue was up 2.3% compared to the same quarter last year. During the same period last year, the firm posted $1.24 earnings per share. sell-side analysts predict that Citigroup Inc. will post 5.3 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders 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 1.71%. The ex-dividend date of this dividend was Friday, November 3rd. Citigroup’s dividend payout ratio (DPR) is presently 24.66%.
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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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