Spears Abacus Advisors LLC Has $29.87 Million Holdings in Citigroup Inc. (C)
Spears Abacus Advisors LLC decreased its holdings in Citigroup Inc. (NYSE:C) by 4.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 446,552 shares of the financial services provider’s stock after selling 19,132 shares during the period. Citigroup makes up approximately 3.7% of Spears Abacus Advisors LLC’s investment portfolio, making the stock its 10th largest position. Spears Abacus Advisors LLC’s holdings in Citigroup were worth $29,865,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in C. Ronald Blue & Co. LLC increased its holdings in shares of Citigroup by 3.9% during the 1st quarter. Ronald Blue & Co. LLC now owns 5,763 shares of the financial services provider’s stock worth $345,000 after buying an additional 215 shares during the last quarter. Fishman Jay A Ltd. MI acquired a new stake in shares of Citigroup during the 1st quarter worth approximately $252,000. Stifel Financial Corp increased its holdings in shares of Citigroup by 4.7% during the 1st quarter. Stifel Financial Corp now owns 392,178 shares of the financial services provider’s stock worth $23,451,000 after buying an additional 17,473 shares during the last quarter. Glenview Trust Co increased its holdings in shares of Citigroup by 9.5% during the 1st quarter. Glenview Trust Co now owns 7,161 shares of the financial services provider’s stock worth $428,000 after buying an additional 622 shares during the last quarter. Finally, Wayne Hummer Investments L.L.C. increased its holdings in shares of Citigroup by 54.6% during the 1st quarter. Wayne Hummer Investments L.L.C. now owns 17,994 shares of the financial services provider’s stock worth $1,076,000 after buying an additional 6,358 shares during the last quarter. Institutional investors own 78.15% of the company’s stock.
A number of analysts have recently issued reports on the stock. set a $74.00 price target on shares of Citigroup and gave the stock a “hold” rating in a report on Friday, August 11th. Societe Generale upgraded shares of Citigroup from a “sell” rating to a “hold” rating and raised their price target for the stock from $63.00 to $70.00 in a report on Monday, September 11th. Royal Bank Of Canada restated a “buy” rating and set a $75.00 price target on shares of Citigroup in a report on Wednesday, September 27th. Vetr downgraded shares of 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. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $76.00 target price (up previously from $70.00) on shares of Citigroup in a report on Wednesday, July 26th. 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 stock. The stock has a consensus rating of “Buy” and an average target price of $74.77.
Citigroup Inc. (NYSE C) opened at $71.33 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.11. The company has a market cap of $189,500.00, a price-to-earnings ratio of 13.78, a price-to-earnings-growth ratio of 1.40 and a beta of 1.57. Citigroup Inc. has a one year low of $54.98 and a one year high of $76.14.
Citigroup (NYSE:C) last posted its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.10. The company had revenue of $18.17 billion for the quarter, compared to analyst estimates of $17.87 billion. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. Citigroup’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.24 earnings per share. equities research analysts anticipate that Citigroup Inc. will post 5.31 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Monday, November 6th will be paid 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 yield of 1.79%. Citigroup’s dividend payout ratio 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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