Armstrong Shaw Associates Inc. CT trimmed its position in shares of Citigroup Inc. (NYSE:C) by 60.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,965 shares of the financial services provider’s stock after selling 67,533 shares during the quarter. Citigroup accounts for 2.9% of Armstrong Shaw Associates Inc. CT’s portfolio, making the stock its 20th largest position. Armstrong Shaw Associates Inc. CT’s holdings in Citigroup were worth $3,198,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vantage Financial Partners Ltd. Inc. bought a new position in shares of Citigroup during the second quarter worth $1,034,000. Catamount Wealth Management bought a new position in shares of Citigroup during the second quarter worth $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in shares of 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 in the last quarter. Balentine LLC boosted its position in shares of 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 in the last quarter. Finally, Acrospire Investment Management LLC boosted its position in shares of 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 in the last quarter. 78.59% of the stock is currently owned by institutional investors.
Shares of Citigroup Inc. (C) opened at $75.14 on Thursday. Citigroup Inc. has a twelve month low of $55.23 and a twelve month high of $77.92. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.11. The company has a market cap of $201,340.75, a price-to-earnings ratio of 14.67, a P/E/G ratio of 1.49 and a beta of 1.55.
Citigroup (NYSE:C) last issued its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, beating the 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 firm had revenue of $18.17 billion for the quarter, compared to analyst estimates of $17.87 billion. During the same period in the previous year, the business earned $1.24 EPS. The company’s revenue was up 2.3% compared to the same quarter last year. analysts predict that Citigroup Inc. will post 5.3 EPS for the current 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 $0.32 dividend. The ex-dividend date was Friday, November 3rd. This represents a $1.28 annualized dividend and a yield of 1.70%. Citigroup’s payout ratio is currently 24.66%.
C has been the topic of a number of recent analyst reports. Credit Suisse Group reissued a “buy” rating and set a $83.00 price target (up from $73.00) on shares of Citigroup in a research report on Monday, October 9th. They noted that the move was a valuation call. Wells Fargo & Company reissued a “buy” rating on shares of Citigroup in a research report on Monday, October 2nd. Royal Bank of Canada reissued a “buy” rating and set a $75.00 price target on shares of Citigroup in a research report on Wednesday, September 27th. BidaskClub raised shares of Citigroup from a “hold” rating to a “buy” rating in a research report on Thursday, September 21st. Finally, Nomura lifted their price target on shares of Citigroup from $80.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, October 13th. 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 given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price 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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