Citigroup Inc. (C) Shares Sold by Duncker Streett & Co. Inc.
Duncker Streett & Co. Inc. cut its stake in shares of Citigroup Inc. (NYSE:C) by 0.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,094 shares of the financial services provider’s stock after selling 3 shares during the period. Duncker Streett & Co. Inc.’s holdings in Citigroup were worth $608,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of C. Tompkins Financial Corp increased its stake in Citigroup by 3,188.6% in the first quarter. Tompkins Financial Corp now owns 4,604 shares of the financial services provider’s stock valued at $192,000 after buying an additional 4,464 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in Citigroup during the first quarter valued at $903,000. Atria Investments LLC increased its stake in Citigroup by 8.3% in the first quarter. Atria Investments LLC now owns 16,160 shares of the financial services provider’s stock valued at $967,000 after buying an additional 1,245 shares during the last quarter. Parametrica Management Ltd purchased a new stake in Citigroup during the first quarter valued at $408,000. Finally, Guild Investment Management Inc. increased its stake in Citigroup by 17.6% in the first quarter. Guild Investment Management Inc. now owns 97,890 shares of the financial services provider’s stock valued at $5,856,000 after buying an additional 14,630 shares during the last quarter. 74.89% of the stock is owned by institutional investors and hedge funds.
Citigroup Inc. (C) traded down 0.62% during mid-day trading on Friday, reaching $66.80. The company had a trading volume of 15,172,831 shares. Citigroup Inc. has a 12 month low of $45.16 and a 12 month high of $69.86. The firm has a market capitalization of $182.00 billion, a P/E ratio of 13.37 and a beta of 1.48. The stock’s 50-day moving average is $67.22 and its 200 day moving average is $61.90.
Citigroup (NYSE:C) last announced its earnings results on Friday, July 14th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.07. The company had revenue of $17.90 billion for the quarter, compared to analyst estimates of $17.38 billion. Citigroup had a return on equity of 7.32% and a net margin of 18.11%. Citigroup’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.24 earnings per share. On average, analysts predict that Citigroup Inc. will post $5.22 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Monday, August 7th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This is a positive change from Citigroup’s previous quarterly dividend of $0.16. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.92%. Citigroup’s payout ratio is 25.55%.
Citigroup announced that its Board of Directors has initiated a share repurchase program on Wednesday, June 28th that authorizes the company to buyback $15.60 billion in outstanding shares. This buyback authorization authorizes the financial services provider to repurchase up to 8.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
Several equities research analysts recently weighed in on the company. J P Morgan Chase & Co set a $73.50 price target on Citigroup and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Vetr downgraded Citigroup from a “strong-buy” rating to a “buy” rating and set a $76.22 price target for the company. in a report on Monday, July 31st. Wells Fargo & Company assumed coverage on Citigroup in a report on Wednesday. They set an “outperform” rating and a $90.00 price target for the company. Deutsche Bank AG reaffirmed a “hold” rating on shares of Citigroup in a report on Monday, July 3rd. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $76.00 price target (up from $70.00) on shares of Citigroup in a report on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $69.08.
In other news, insider Jeffrey R. Walsh sold 5,000 shares of the business’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $68.97, for a total transaction of $344,850.00. Following the sale, the insider now directly owns 56,394 shares of the company’s stock, valued at $3,889,494.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is owned by insiders.
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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