Citigroup Inc. (C) Shares Sold by A. D. Beadell Investment Counsel Inc.
A. D. Beadell Investment Counsel Inc. cut its position in shares of Citigroup Inc. (NYSE:C) by 11.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,155 shares of the financial services provider’s stock after selling 2,300 shares during the quarter. A. D. Beadell Investment Counsel Inc.’s holdings in Citigroup were worth $1,247,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in C. Catamount Wealth Management acquired a new stake in Citigroup in the second quarter worth $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in Citigroup by 206.0% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock worth $102,000 after buying an additional 1,030 shares during the period. Patten Group Inc. increased its position in Citigroup by 6.6% in the first quarter. Patten Group Inc. now owns 1,765 shares of the financial services provider’s stock worth $105,000 after buying an additional 110 shares during the period. Balentine LLC increased its position in Citigroup by 20.2% in the second quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after buying an additional 272 shares during the period. Finally, Acrospire Investment Management LLC increased its position in Citigroup by 21.4% in the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after buying an additional 300 shares during the period. Hedge funds and other institutional investors own 78.59% of the company’s stock.
Citigroup Inc. (C) opened at $76.15 on Wednesday. The stock has a market capitalization of $200,547.55, a PE ratio of 14.61, a P/E/G ratio of 1.49 and a beta of 1.55. Citigroup Inc. has a fifty-two week low of $55.23 and a fifty-two week high of $77.92. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.11.
Citigroup (NYSE:C) last released its earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.10. The firm 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%. Citigroup’s revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.24 earnings per share. analysts anticipate that Citigroup Inc. will post 5.3 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Investors 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 1.68%. The ex-dividend date was Friday, November 3rd. Citigroup’s payout ratio is currently 24.66%.
A number of brokerages have recently commented on C. Raymond James Financial began coverage on Citigroup in a report on Tuesday, October 31st. They set a “hold” rating on the stock. Morgan Stanley raised their price target on Citigroup from $73.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, October 13th. BidaskClub raised Citigroup from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 10th. Deutsche Bank reissued a “hold” rating and set a $67.00 price target (up from $61.00) on shares of Citigroup in a report on Tuesday, September 26th. Finally, Societe Generale lowered Citigroup from a “hold” rating to a “sell” rating and set a $65.00 price target on the stock. in a report on Monday, October 16th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $75.97.
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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