Wall Street Access Asset Management LLC Has $1,181,000 Stake in Citigroup Inc. (C)
Wall Street Access Asset Management LLC maintained its stake in shares of Citigroup Inc. (NYSE:C) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,669 shares of the financial services provider’s stock at the close of the second quarter. Citigroup accounts for about 2.3% of Wall Street Access Asset Management LLC’s investment portfolio, making the stock its 8th biggest holding. Wall Street Access Asset Management LLC’s holdings in Citigroup were worth $1,181,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of C. Catamount Wealth Management purchased a new stake in Citigroup during the second quarter worth approximately $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in 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 buying an additional 1,030 shares during the period. Patten Group Inc. grew its stake in Citigroup by 6.6% during the first quarter. Patten Group Inc. now owns 1,765 shares of the financial services provider’s stock worth $105,000 after buying an additional 110 shares during the period. Dubuque Bank & Trust Co. grew its stake in Citigroup by 60.8% during the second quarter. Dubuque Bank & Trust Co. now owns 1,584 shares of the financial services provider’s stock worth $106,000 after buying an additional 599 shares during the period. Finally, Acrospire Investment Management LLC grew its stake in 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 buying an additional 300 shares during the period. 78.15% of the stock is owned by hedge funds and other institutional investors.
Shares of Citigroup Inc. (C) opened at $71.73 on Thursday. 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 $54.21 and a twelve month high of $76.14. The firm has a market cap of $189,125.45, a PE ratio of 13.78, a P/E/G ratio of 1.40 and a beta of 1.57.
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 will be paid on Wednesday, November 22nd. Investors 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 dividend on an annualized basis and a dividend yield of 1.78%. Citigroup’s dividend payout ratio (DPR) is presently 24.66%.
Several research analysts have recently weighed in on the stock. Atlantic Securities restated an “overweight” rating and issued a $85.00 target price (up from $75.00) on shares of Citigroup in a research note on Tuesday, September 26th. Bank of America Corporation restated a “neutral” rating on shares of Citigroup in a research note on Wednesday, October 11th. Vetr upgraded shares of Citigroup from a “buy” rating to a “strong-buy” rating and set a $76.34 target price for the company in a research note on Thursday, August 3rd. BMO Capital Markets restated a “hold” rating and issued a $65.00 target price on shares of Citigroup in a research note on Friday, October 6th. Finally, Raymond James Financial, Inc. assumed coverage on shares of Citigroup in a research note on Tuesday, October 31st. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $74.77.
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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