Citigroup Inc. (C) Shares Bought by Raymond James Financial Services Advisors Inc.
Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Citigroup Inc. (NYSE:C) by 8.6% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 238,430 shares of the financial services provider’s stock after acquiring an additional 18,788 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Citigroup were worth $17,344,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of C. Catamount Wealth Management acquired a new stake in shares of Citigroup during the second quarter worth about $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its holdings in shares of Citigroup by 206.0% during 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 purchasing an additional 1,030 shares during the period. Balentine LLC lifted its holdings in shares of Citigroup by 20.2% during the second quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 272 shares during the period. Acrospire Investment Management LLC lifted its holdings in shares of Citigroup by 21.4% during the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 300 shares during the period. Finally, Shine Investment Advisory Services Inc. acquired a new stake in shares of Citigroup during the second quarter worth about $123,000. Institutional investors and hedge funds own 78.59% of the company’s stock.
C has been the subject of a number of research reports. Credit Suisse Group reaffirmed a “buy” rating and set a $83.00 target price (up previously from $73.00) on shares of Citigroup in a report on Monday, October 9th. They noted that the move was a valuation call. Wells Fargo & Company reaffirmed a “buy” rating on shares of Citigroup in a report on Monday, October 2nd. Royal Bank of Canada reaffirmed a “buy” rating and set a $75.00 target price on shares of Citigroup in a report on Wednesday, September 27th. BidaskClub raised Citigroup from a “hold” rating to a “buy” rating in a report on Thursday, September 21st. Finally, Nomura lifted their target price on Citigroup from $80.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Citigroup currently has an average rating of “Buy” and a consensus target price of $76.54.
Citigroup Inc. (NYSE C) opened at $73.92 on Friday. Citigroup Inc. has a twelve month low of $55.23 and a twelve month high of $77.92. The stock has a market capitalization of $198,670.31, a P/E ratio of 14.48, a price-to-earnings-growth ratio of 1.47 and a beta of 1.55. 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 (NYSE:C) last announced its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.10. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The company had revenue of $18.17 billion during the quarter, compared to the consensus estimate of $17.87 billion. During the same period in the previous year, the company posted $1.24 earnings per share. Citigroup’s revenue for the quarter was up 2.3% on a year-over-year basis. equities research analysts predict that Citigroup Inc. will post 5.3 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Monday, November 6th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend was Friday, November 3rd. Citigroup’s payout ratio is presently 24.66%.
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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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