Citigroup Inc (C) Shares Bought by FineMark National Bank & Trust

FineMark National Bank & Trust lifted its holdings in shares of Citigroup Inc (NYSE:C) by 1.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,816 shares of the financial services provider’s stock after purchasing an additional 860 shares during the period. FineMark National Bank & Trust’s holdings in Citigroup were worth $5,810,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Terril Brothers Inc. boosted its holdings in Citigroup by 0.6% in the second quarter. Terril Brothers Inc. now owns 283,009 shares of the financial services provider’s stock worth $18,939,000 after acquiring an additional 1,562 shares in the last quarter. Becker Capital Management Inc. boosted its holdings in Citigroup by 4.4% in the second quarter. Becker Capital Management Inc. now owns 641,021 shares of the financial services provider’s stock worth $42,897,000 after acquiring an additional 26,855 shares in the last quarter. Capital Analysts LLC boosted its holdings in Citigroup by 1.4% in the second quarter. Capital Analysts LLC now owns 53,576 shares of the financial services provider’s stock worth $3,585,000 after acquiring an additional 762 shares in the last quarter. WESPAC Advisors SoCal LLC boosted its holdings in Citigroup by 28.7% in the second quarter. WESPAC Advisors SoCal LLC now owns 4,150 shares of the financial services provider’s stock worth $277,000 after acquiring an additional 925 shares in the last quarter. Finally, Clear Harbor Asset Management LLC boosted its holdings in Citigroup by 110.1% in the second quarter. Clear Harbor Asset Management LLC now owns 117,971 shares of the financial services provider’s stock worth $7,895,000 after acquiring an additional 61,832 shares in the last quarter. Institutional investors own 76.07% of the company’s stock.

Shares of Citigroup opened at $70.26 on Monday, Marketbeat Ratings reports. The company has a market capitalization of $180.57 billion, a PE ratio of 11.71, a P/E/G ratio of 0.96 and a beta of 1.49. Citigroup Inc has a 52 week low of $64.38 and a 52 week high of $80.70. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.00 and a quick ratio of 1.00.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 24th. Stockholders of record on Monday, August 6th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, August 3rd. This is an increase from Citigroup’s previous quarterly dividend of $0.32. This represents a $1.80 annualized dividend and a dividend yield of 2.56%. Citigroup’s dividend payout ratio is 33.77%.

Several brokerages have issued reports on C. TheStreet upgraded Citigroup from a “c” rating to a “b-” rating in a report on Monday, July 30th. Goldman Sachs Group set a $78.00 price target on Citigroup and gave the stock a “neutral” rating in a report on Friday, July 20th. ValuEngine upgraded Citigroup from a “sell” rating to a “hold” rating in a report on Monday, July 16th. BMO Capital Markets increased their price target on Citigroup from $76.00 to $85.00 and gave the stock a “market perform” rating in a report on Monday, July 16th. Finally, Oppenheimer increased their price target on Citigroup from $89.00 to $91.00 and gave the stock an “outperformer” rating in a report on Monday, July 16th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $81.65.

In related news, CFO John C. Gerspach sold 12,966 shares of the stock in a transaction that occurred on Wednesday, May 16th. The stock was sold at an average price of $72.31, for a total transaction of $937,571.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Raja Akram sold 500 shares of the stock in a transaction that occurred on Thursday, July 19th. The shares were sold at an average price of $69.21, for a total value of $34,605.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 28,466 shares of company stock valued at $2,057,576. Company insiders own 0.11% of the company’s stock.

Citigroup Profile

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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