Citigroup Inc. (C) Shares Bought by Atria Investments LLC
Atria Investments LLC increased its holdings in shares of Citigroup Inc. (NYSE:C) by 32.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,358 shares of the financial services provider’s stock after buying an additional 5,198 shares during the quarter. Atria Investments LLC’s holdings in Citigroup were worth $1,428,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also modified their holdings of C. Waldron LP grew its holdings in shares of Citigroup by 21.2% during the first quarter. Waldron LP now owns 7,301 shares of the financial services provider’s stock valued at $436,000 after buying an additional 1,276 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Citigroup by 2.6% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 74,467 shares of the financial services provider’s stock valued at $4,454,000 after buying an additional 1,879 shares in the last quarter. Hennessy Advisors Inc. grew its holdings in shares of Citigroup by 25.0% during the first quarter. Hennessy Advisors Inc. now owns 25,000 shares of the financial services provider’s stock valued at $1,496,000 after buying an additional 5,000 shares in the last quarter. Capital Advisors Inc. OK grew its holdings in shares of Citigroup by 2.1% during the first quarter. Capital Advisors Inc. OK now owns 393,431 shares of the financial services provider’s stock valued at $23,535,000 after buying an additional 8,070 shares in the last quarter. Finally, Dowling & Yahnke LLC grew its holdings in shares of Citigroup by 2.4% during the first quarter. Dowling & Yahnke LLC now owns 79,229 shares of the financial services provider’s stock valued at $4,739,000 after buying an additional 1,888 shares in the last quarter. Institutional investors and hedge funds own 75.40% of the company’s stock.
Citigroup Inc. (NYSE C) traded down 0.29% during trading on Friday, hitting $69.04. The company had a trading volume of 18,360,910 shares. Citigroup Inc. has a one year low of $45.16 and a one year high of $69.86. The stock has a 50-day moving average of $67.87 and a 200-day moving average of $63.51. The stock has a market capitalization of $188.10 billion, a PE ratio of 13.82 and a beta of 1.47.
Citigroup (NYSE:C) last issued its earnings results on Friday, July 14th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.07. Citigroup had a net margin of 18.11% and a return on equity of 7.32%. The business had revenue of $17.90 billion during the quarter, compared to the consensus estimate of $17.38 billion. During the same period last year, the business posted $1.24 EPS. Citigroup’s revenue was up 2.0% on a year-over-year basis. On average, equities analysts anticipate that Citigroup Inc. will post $5.21 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Monday, August 7th were given a dividend of $0.32 per share. The ex-dividend date was Thursday, August 3rd. This is an increase from Citigroup’s previous quarterly dividend of $0.16. This represents a $1.28 annualized dividend and a yield of 1.85%. Citigroup’s dividend payout ratio (DPR) is 25.55%.
Citigroup announced that its Board of Directors has initiated a stock buyback program on Wednesday, June 28th that authorizes the company to buyback $15.60 billion in shares. This buyback authorization authorizes the financial services provider to repurchase up to 8.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.
In other Citigroup news, insider Jeffrey R. Walsh sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $68.97, for a total transaction of $344,850.00. Following the completion of the sale, the insider now directly owns 56,394 shares in the company, valued at $3,889,494.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Francisco Aristeguieta sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $67.55, for a total transaction of $2,702,000.00. Following the sale, the chief executive officer now owns 77,570 shares of the company’s stock, valued at $5,239,853.50. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.
C has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Citigroup from a “sell” rating to a “hold” rating in a report on Friday, July 7th. Vetr upgraded Citigroup from a “buy” rating to a “strong-buy” rating and set a $76.34 price target on the stock in a report on Thursday, August 3rd. BMO Capital Markets reiterated a “buy” rating and set a $64.00 price target on shares of Citigroup in a report on Thursday, June 1st. Buckingham Research reiterated a “buy” rating and set a $81.00 price target (up previously from $70.00) on shares of Citigroup in a report on Monday, July 10th. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $72.00 price target (up previously from $64.00) on shares of Citigroup in a report on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $69.79.
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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