Trilogy Global Advisors LP Sells 25,452 Shares of Citigroup Inc. (C)
Trilogy Global Advisors LP decreased its position in shares of Citigroup Inc. (NYSE:C) by 7.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 326,214 shares of the company’s stock after selling 25,452 shares during the quarter. Trilogy Global Advisors LP’s holdings in Citigroup were worth $21,817,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Catamount Wealth Management acquired a new position in shares of Citigroup in the 2nd quarter valued at about $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake in shares of Citigroup by 206.0% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the company’s stock valued at $102,000 after purchasing an additional 1,030 shares during the period. Patten Group Inc. lifted its stake in shares of Citigroup by 6.6% in the 1st quarter. Patten Group Inc. now owns 1,765 shares of the company’s stock valued at $105,000 after purchasing an additional 110 shares during the period. Dubuque Bank & Trust Co. lifted its stake in shares of Citigroup by 60.8% in the 2nd quarter. Dubuque Bank & Trust Co. now owns 1,584 shares of the company’s stock valued at $106,000 after purchasing an additional 599 shares during the period. Finally, Acrospire Investment Management LLC lifted its stake in shares of Citigroup by 21.4% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the company’s stock valued at $114,000 after purchasing an additional 300 shares during the period. 78.15% of the stock is currently owned by institutional investors.
A number of analysts recently commented on C shares. Atlantic Securities reaffirmed an “overweight” rating and issued a $85.00 target price (up from $75.00) on shares of Citigroup in a research report on Tuesday, September 26th. Bank of America Corporation reissued a “neutral” rating on shares of Citigroup in a report on Wednesday, October 11th. Vetr raised Citigroup from a “buy” rating to a “strong-buy” rating and set a $76.34 price objective for the company in a report on Thursday, August 3rd. BMO Capital Markets reissued a “hold” rating and set a $65.00 price objective on shares of Citigroup in a report on Friday, October 6th. Finally, Raymond James Financial, Inc. started coverage on Citigroup in a report on Tuesday, October 31st. They set a “hold” rating for the company. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Citigroup presently has an average rating of “Buy” and a consensus price target of C$74.77.
Shares of Citigroup Inc. (C) opened at C$72.25 on Monday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $191,029.14, a PE ratio of 13.92, a PEG ratio of 1.42 and a beta of 1.57. Citigroup Inc. has a 1-year low of C$51.60 and a 1-year high of C$76.14.
Citigroup (NYSE:C) last posted its earnings results on Thursday, October 12th. The company reported C$1.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$1.32 by C$0.10. The company had revenue of C$18.17 billion during the quarter, compared to analyst estimates of C$17.87 billion. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. Citigroup’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.24 earnings per share. research analysts predict that Citigroup Inc. will post 5.29 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Monday, November 6th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $1.28 annualized dividend and a yield of 1.77%. Citigroup’s dividend payout ratio (DPR) is presently 24.66%.
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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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