70,725 Shares in Citigroup Inc. (C) Acquired by Skylands Capital LLC
Skylands Capital LLC purchased a new position in shares of Citigroup Inc. (NYSE:C) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 70,725 shares of the financial services provider’s stock, valued at approximately $5,145,000.
Several other institutional investors also recently added to or reduced their stakes in C. BlackRock Inc. raised its position in Citigroup by 2,718.7% in the first quarter. BlackRock Inc. now owns 196,415,461 shares of the financial services provider’s stock worth $11,749,573,000 after acquiring an additional 189,447,104 shares in the last quarter. Lazard Asset Management LLC increased its holdings in Citigroup by 109.5% during the 2nd quarter. Lazard Asset Management LLC now owns 9,292,727 shares of the financial services provider’s stock worth $621,497,000 after purchasing an additional 4,856,866 shares during the last quarter. PointState Capital LP purchased a new stake in Citigroup during the 2nd quarter worth approximately $321,322,000. Pioneer Investment Management Inc. increased its holdings in Citigroup by 2,317.8% during the 2nd quarter. Pioneer Investment Management Inc. now owns 5,002,029 shares of the financial services provider’s stock worth $334,536,000 after purchasing an additional 4,795,145 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in Citigroup by 42.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,815,133 shares of the financial services provider’s stock worth $990,836,000 after purchasing an additional 4,413,329 shares during the last quarter. Institutional investors and hedge funds own 78.59% of the company’s stock.
Citigroup Inc. (NYSE C) traded up $0.20 during trading hours on Friday, reaching $75.18. The company had a trading volume of 2,793,815 shares, compared to its average volume of 16,899,846. 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 firm has a market cap of $199,463.52, a price-to-earnings ratio of 14.54, a P/E/G ratio of 1.48 and a beta of 1.55. Citigroup Inc. has a twelve month low of $55.23 and a twelve month high of $77.92.
Citigroup (NYSE:C) last announced its earnings results 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 firm had revenue of $18.17 billion for the quarter, compared to the consensus estimate of $17.87 billion. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.24 EPS. sell-side analysts forecast that Citigroup Inc. will post 5.31 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Monday, November 6th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.70%. The ex-dividend date was Friday, November 3rd. Citigroup’s payout ratio is currently 24.66%.
Several research firms have issued reports on C. Vetr upgraded Citigroup from a “hold” rating to a “buy” rating and set a $80.92 price objective on the stock in a report on Monday. Raymond James Financial assumed coverage on Citigroup in a research report on Tuesday, October 31st. They issued a “hold” rating for the company. BidaskClub lowered Citigroup from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 17th. Societe Generale lowered Citigroup from a “hold” rating to a “sell” rating and set a $65.00 target price for the company. in a research report on Monday, October 16th. Finally, Nomura lifted their target price on Citigroup from $80.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, October 13th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. Citigroup presently has an average rating of “Buy” and a consensus target price of $75.83.
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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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