Tiaa Fsb lifted its holdings in Citigroup Inc. (NYSE:C) by 76.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 151,861 shares of the financial services provider’s stock after acquiring an additional 65,621 shares during the period. Tiaa Fsb’s holdings in Citigroup were worth $11,046,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in C. Catamount Wealth Management purchased a new position in shares of Citigroup in the second quarter valued at $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in shares of Citigroup by 206.0% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 1,030 shares during the period. Patten Group Inc. boosted its stake in shares of Citigroup by 6.6% in the first quarter. Patten Group Inc. now owns 1,765 shares of the financial services provider’s stock valued at $105,000 after purchasing an additional 110 shares during the period. Balentine LLC boosted its stake in Citigroup by 20.2% during the 2nd quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 272 shares during the last quarter. Finally, Acrospire Investment Management LLC boosted its stake 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 valued at $114,000 after acquiring an additional 300 shares during the last quarter. 78.59% of the stock is owned by institutional investors.
Shares of Citigroup Inc. (NYSE C) opened at $75.85 on Tuesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.01 and a quick ratio of 1.01. Citigroup Inc. has a twelve month low of $55.23 and a twelve month high of $77.92. The firm has a market cap of $200,177.39, a PE ratio of 14.59, a P/E/G ratio of 1.48 and a beta of 1.55.
Citigroup (NYSE:C) last released its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.10. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The business had revenue of $18.17 billion for the quarter, compared to analysts’ expectations of $17.87 billion. During the same quarter last year, the company earned $1.24 EPS. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. analysts expect that Citigroup Inc. will post 5.31 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Monday, November 6th were issued a $0.32 dividend. The ex-dividend date was Friday, November 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.69%. Citigroup’s dividend payout ratio (DPR) is presently 24.66%.
A number of research firms have commented on C. Raymond James Financial began coverage on shares of Citigroup in a research note on Tuesday, October 31st. They set a “hold” rating on the stock. Morgan Stanley increased their price objective on shares of Citigroup from $73.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, October 13th. BidaskClub upgraded shares of Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 10th. Deutsche Bank reiterated a “hold” rating and set a $67.00 price objective (up from $61.00) on shares of Citigroup in a research note on Tuesday, September 26th. Finally, Societe Generale downgraded shares of Citigroup from a “hold” rating to a “sell” rating and set a $65.00 price objective on the stock. in a research note on Monday, October 16th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $75.97.
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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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