First Allied Advisory Services Inc. Has $3.46 Million Holdings in Citigroup Inc. (C)
First Allied Advisory Services Inc. raised its stake in Citigroup Inc. (NYSE:C) by 18.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,973 shares of the financial services provider’s stock after purchasing an additional 8,270 shares during the period. First Allied Advisory Services Inc.’s holdings in Citigroup were worth $3,464,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently bought and sold shares of the company. Capital Analysts LLC increased its holdings in shares of Citigroup by 5.4% in the 2nd quarter. Capital Analysts LLC now owns 45,844 shares of the financial services provider’s stock valued at $3,066,000 after acquiring an additional 2,367 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Citigroup by 5.2% in the 2nd quarter. Principal Financial Group Inc. now owns 4,152,299 shares of the financial services provider’s stock valued at $277,705,000 after acquiring an additional 205,298 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Citigroup by 2,718.7% in the 1st quarter. BlackRock Inc. now owns 196,415,461 shares of the financial services provider’s stock valued at $11,749,573,000 after acquiring an additional 189,447,104 shares during the last quarter. Amalgamated Bank increased its holdings in shares of Citigroup by 1.0% in the 1st quarter. Amalgamated Bank now owns 195,156 shares of the financial services provider’s stock valued at $11,674,000 after acquiring an additional 1,937 shares during the last quarter. Finally, Shelton Capital Management increased its holdings in shares of Citigroup by 13.9% in the 1st quarter. Shelton Capital Management now owns 60,400 shares of the financial services provider’s stock valued at $3,613,000 after acquiring an additional 7,384 shares during the last quarter. 77.98% of the stock is currently owned by institutional investors.
Shares of Citigroup Inc. (NYSE C) opened at $72.05 on Tuesday. The company has a market capitalization of $190,500.00, a P/E ratio of 13.74, a PEG ratio of 1.40 and a beta of 1.57. Citigroup Inc. has a 1-year low of $55.14 and a 1-year high of $76.14. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.11.
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, topping the consensus estimate of $1.32 by $0.10. The firm had revenue of $18.17 billion during the quarter, compared to analysts’ expectations of $17.87 billion. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. Citigroup’s revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.24 earnings per share. sell-side analysts anticipate that Citigroup Inc. will post 5.31 earnings per share for the current fiscal 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 dividend of $0.32 per share. The ex-dividend date is Friday, November 3rd. This represents a $1.28 annualized dividend and a yield of 1.78%. Citigroup’s dividend payout ratio is presently 24.66%.
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A number of research firms have recently commented on C. J P Morgan Chase & Co reiterated an “overweight” rating and issued a $78.50 price objective (up previously from $77.50) on shares of Citigroup in a report on Friday, October 6th. BMO Capital Markets restated a “hold” rating and set a $65.00 price target on shares of Citigroup in a research note on Friday, October 6th. Credit Suisse Group restated a “buy” rating and set a $83.00 price target (up previously from $73.00) on shares of Citigroup in a research note on Monday, October 9th. They noted that the move was a valuation call. Stifel Nicolaus restated a “hold” rating on shares of Citigroup in a research note on Monday, October 9th. Finally, BidaskClub upgraded Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 10th. One analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Citigroup has a consensus rating of “Buy” and a consensus target price of $75.61.
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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