Stifel Financial Corp Acquires 11,925 Shares of Citigroup Inc. (C)
Stifel Financial Corp increased its holdings in Citigroup Inc. (NYSE:C) by 3.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 404,103 shares of the financial services provider’s stock after buying an additional 11,925 shares during the period. Stifel Financial Corp’s holdings in Citigroup were worth $27,039,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Catamount Wealth Management purchased a new stake in shares of Citigroup in the 2nd quarter worth about $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its holdings in Citigroup by 206.0% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 1,030 shares in the last quarter. Patten Group Inc. lifted its holdings in Citigroup by 6.6% in the 1st quarter. Patten Group Inc. now owns 1,765 shares of the financial services provider’s stock valued at $105,000 after purchasing an additional 110 shares in the last quarter. Dubuque Bank & Trust Co. lifted its holdings in Citigroup by 60.8% in the 2nd quarter. Dubuque Bank & Trust Co. now owns 1,584 shares of the financial services provider’s stock valued at $106,000 after purchasing an additional 599 shares in the last quarter. Finally, Acrospire Investment Management LLC lifted its holdings in Citigroup by 21.4% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock valued at $114,000 after purchasing an additional 300 shares in the last quarter. Institutional investors and hedge funds own 77.98% of the company’s stock.
A number of research analysts have issued reports on the stock. set a $74.00 target price on shares of Citigroup and gave the company 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 upped their target price for the company from $63.00 to $70.00 in a report on Monday, September 11th. Royal Bank Of Canada restated a “buy” rating and issued a $75.00 target price on shares of Citigroup in a report on Wednesday, September 27th. Vetr lowered shares of Citigroup from a “strong-buy” rating to a “buy” rating and set a $76.22 target price on the stock. in a report on Monday, July 31st. Finally, Credit Suisse Group restated an “outperform” rating and issued a $76.00 target price (up from $70.00) on shares of Citigroup in a report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $75.61.
Shares of Citigroup Inc. (NYSE C) opened at $71.33 on Monday. 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 1 year low of $54.98 and a 1 year high of $76.14. The stock has a market cap of $188,596.67, a P/E ratio of 13.74, a price-to-earnings-growth ratio of 1.40 and a beta of 1.57.
Citigroup (NYSE:C) last issued its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 company had revenue of $18.17 billion during the quarter, compared to the consensus estimate of $17.87 billion. During the same quarter last year, the company earned $1.24 earnings per share. Citigroup’s revenue for the quarter was up 2.3% on a year-over-year basis. equities research analysts forecast that Citigroup Inc. will post 5.31 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Monday, November 6th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.79%. The ex-dividend date is Friday, November 3rd. Citigroup’s dividend payout ratio (DPR) is 24.66%.
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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