Citigroup Inc. (C) Stake Lessened by TrueNorth Inc.
TrueNorth Inc. reduced its position in shares of Citigroup Inc. (NYSE:C) by 9.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,398 shares of the financial services provider’s stock after selling 1,826 shares during the quarter. TrueNorth Inc.’s holdings in Citigroup were worth $1,266,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. lifted its stake 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 worth $11,749,573,000 after purchasing an additional 189,447,104 shares in the last quarter. Vanguard Group Inc. lifted its stake 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 worth $10,958,960,000 after purchasing an additional 4,391,347 shares in the last quarter. FMR LLC lifted its stake in Citigroup by 3.8% in 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 lifted its stake 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 worth $3,083,874,000 after purchasing an additional 2,943,282 shares in the last quarter. Finally, Harris Associates L P lifted its stake 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 worth $2,765,551,000 after purchasing an additional 221,171 shares in the last quarter. 78.59% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have weighed in on C. Credit Suisse Group reissued a “buy” rating and issued a $83.00 target price on shares of Citigroup in a research note on Tuesday. Nomura raised their target price on shares of Citigroup to $84.00 and gave the stock a “buy” rating in a research note on Monday. Wells Fargo & Company restated a “buy” rating on shares of Citigroup in a report on Monday, October 2nd. Vetr downgraded shares of Citigroup from a “buy” rating to a “hold” rating and set a $76.38 price target for the company. in a report on Wednesday, November 29th. Finally, Raymond James Financial restated an “underperform” rating on shares of Citigroup in a report on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Citigroup presently has a consensus rating of “Buy” and an average target price of $75.97.
Citigroup Inc. (NYSE C) opened at $75.85 on Tuesday. 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 $55.23 and a 1 year high of $77.92. The company has a market cap of $200,177.39, a P/E ratio of 14.59, a price-to-earnings-growth ratio of 1.48 and a beta of 1.55.
Citigroup (NYSE:C) last issued its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.42 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 analysts’ expectations of $17.87 billion. During the same quarter last year, the company posted $1.24 EPS. The firm’s revenue was up 2.3% compared to the same quarter last year. equities research analysts forecast that Citigroup Inc. will post 5.31 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Monday, November 6th were given a $0.32 dividend. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $1.28 annualized dividend and a yield of 1.69%. Citigroup’s dividend payout ratio is presently 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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