Citigroup Inc. (C) Shares Sold by Perpetual Ltd
Perpetual Ltd lowered its position in Citigroup Inc. (NYSE:C) by 57.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,985 shares of the financial services provider’s stock after selling 64,600 shares during the quarter. Perpetual Ltd’s holdings in Citigroup were worth $3,142,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in C. BlackRock Inc. increased its position in Citigroup by 2,718.7% during the 1st quarter. BlackRock Inc. now owns 196,415,461 shares of the financial services provider’s stock worth $11,749,573,000 after purchasing an additional 189,447,104 shares in the last quarter. Vanguard Group Inc. increased its position in Citigroup by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 183,198,941 shares of the financial services provider’s stock worth $10,958,960,000 after purchasing an additional 4,391,347 shares in the last quarter. FMR LLC increased its position in Citigroup by 3.8% during the 2nd quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock worth $7,343,721,000 after purchasing an additional 4,061,637 shares in the last quarter. Bank of New York Mellon Corp increased its position in Citigroup by 6.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 46,110,561 shares of the financial services provider’s stock worth $3,083,874,000 after purchasing an additional 2,943,282 shares in the last quarter. Finally, Harris Associates L P increased its position in Citigroup by 0.5% during the 2nd quarter. Harris Associates L P now owns 41,350,951 shares of the financial services provider’s stock worth $2,765,551,000 after purchasing an additional 221,171 shares in the last quarter. Institutional investors and hedge funds own 78.59% of the company’s stock.
A number of analysts recently commented on C shares. Bank of America reiterated a “neutral” rating on shares of Citigroup in a research report on Wednesday, October 11th. Wells Fargo & Company reiterated a “buy” rating on shares of Citigroup in a research report on Monday, October 2nd. Atlantic Securities reissued an “overweight” rating and issued a $85.00 price target (up from $75.00) on shares of Citigroup in a research note on Tuesday, September 26th. BMO Capital Markets raised their price target on Citigroup from $65.00 to $67.00 and gave the stock a “market perform” rating in a research note on Friday, October 13th. Finally, Credit Suisse Group reissued a “buy” rating and issued a $73.00 price target on shares of Citigroup in a research note on Wednesday, September 13th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $75.83.
Citigroup Inc. (NYSE:C) opened at $77.10 on Tuesday. The firm has a market capitalization of $199,648.59, a PE ratio of 14.55, a PEG ratio of 1.48 and a beta of 1.55. Citigroup Inc. has a 52 week low of $55.23 and a 52 week high of $77.92. 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 released its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.10. The business had revenue of $18.17 billion for the quarter, compared to analyst estimates of $17.87 billion. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The company’s revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.24 EPS. 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 was paid on Wednesday, November 22nd. Stockholders of record on Monday, November 6th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend was Friday, November 3rd. Citigroup’s dividend payout ratio is currently 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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