Citigroup Inc. (C) Shares Bought by Meridian Investment Counsel Inc.
Meridian Investment Counsel Inc. grew its stake in Citigroup Inc. (NYSE:C) by 3.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,836 shares of the financial services provider’s stock after purchasing an additional 790 shares during the period. Meridian Investment Counsel Inc.’s holdings in Citigroup were worth $1,594,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. raised its holdings in 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 buying an additional 189,447,104 shares during the last quarter. Vanguard Group Inc. raised its holdings in Citigroup by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 183,198,941 shares of the financial services provider’s stock valued at $10,958,960,000 after buying an additional 4,391,347 shares during the last quarter. FMR LLC raised its holdings in Citigroup by 3.8% in the 2nd quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock valued at $7,343,721,000 after buying an additional 4,061,637 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Citigroup by 6.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 46,110,561 shares of the financial services provider’s stock valued at $3,083,874,000 after buying an additional 2,943,282 shares during the last quarter. Finally, Harris Associates L P raised its holdings in Citigroup by 0.5% in the 2nd quarter. Harris Associates L P now owns 41,350,951 shares of the financial services provider’s stock valued at $2,765,551,000 after buying an additional 221,171 shares during the last quarter. Institutional investors own 77.98% of the company’s stock.
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Shares of Citigroup Inc. (NYSE:C) opened at $72.26 on Thursday. Citigroup Inc. has a 52-week low of $55.23 and a 52-week high of $76.14. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market cap of $191,372.86, a price-to-earnings ratio of 13.95, a P/E/G ratio of 1.42 and a beta of 1.57.
Citigroup (NYSE:C) last posted its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, beating the 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 during the quarter, compared to the consensus estimate of $17.87 billion. During the same quarter last year, the firm posted $1.24 EPS. Citigroup’s revenue was up 2.3% compared to the same quarter last year. equities analysts forecast that Citigroup Inc. will post 5.31 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Monday, November 6th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date was Friday, November 3rd. Citigroup’s dividend payout ratio is 24.66%.
A number of brokerages recently issued reports on C. Keefe, Bruyette & Woods set a $75.00 price objective on shares of Citigroup and gave the company a “buy” rating in a report on Sunday, August 13th. Wells Fargo & Company reiterated a “buy” rating on shares of Citigroup in a report on Monday, October 2nd. Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Citigroup in a report on Wednesday, September 27th. Deutsche Bank AG restated a “hold” rating and set a $67.00 price target (up previously from $61.00) on shares of Citigroup in a report on Tuesday, September 26th. Finally, Atlantic Securities restated an “overweight” rating and set a $85.00 price target (up previously from $75.00) on shares of Citigroup in a report on Tuesday, September 26th. One equities research 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. Citigroup presently has a consensus rating of “Buy” and a consensus price target of $75.61.
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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