Citigroup Inc. (C) Shares Sold by Northern Capital Management LLC
Northern Capital Management LLC cut its holdings in Citigroup Inc. (NYSE:C) by 3.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 68,755 shares of the financial services provider’s stock after selling 2,750 shares during the period. Citigroup accounts for approximately 1.5% of Northern Capital Management LLC’s portfolio, making the stock its 8th biggest holding. Northern Capital Management LLC’s holdings in Citigroup were worth $5,001,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of C. Vantage Financial Partners Ltd. Inc. bought a new position in Citigroup during the second quarter valued at about $1,034,000. Catamount Wealth Management bought a new position in Citigroup during the second quarter valued at about $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in 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 valued at $102,000 after acquiring an additional 1,030 shares during the period. Balentine LLC increased its stake in Citigroup by 20.2% during the second quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 272 shares during the period. Finally, Acrospire Investment Management LLC increased its stake in Citigroup by 21.4% during the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock valued at $114,000 after acquiring an additional 300 shares during the period. Institutional investors and hedge funds own 78.59% of the company’s stock.
C has been the topic of several research reports. ValuEngine upgraded Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Credit Suisse Group reaffirmed a “buy” rating and set a $73.00 price objective on shares of Citigroup in a report on Wednesday, September 13th. Raymond James Financial began coverage on Citigroup in a report on Tuesday, October 31st. They set a “hold” rating on the stock. Morgan Stanley lifted their price objective on Citigroup from $73.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, October 13th. Finally, Jefferies Group set a $81.00 price objective on Citigroup and gave the company a “neutral” rating in a report on Thursday, October 12th. One analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Citigroup has a consensus rating of “Buy” and an average price target of $76.54.
Citigroup Inc. (NYSE:C) opened at $74.77 on Friday. Citigroup Inc. has a 1-year low of $55.23 and a 1-year 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. The stock has a market capitalization of $195,444.63, a price-to-earnings ratio of 14.24, a price-to-earnings-growth ratio of 1.45 and a beta of 1.55.
Citigroup (NYSE:C) last posted its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, topping the 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 firm had revenue of $18.17 billion for the quarter, compared to the consensus estimate of $17.87 billion. During the same quarter in the prior year, the business earned $1.24 EPS. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. equities analysts expect that Citigroup Inc. will post 5.3 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Monday, November 6th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend was Friday, November 3rd. Citigroup’s dividend payout ratio is 24.66%.
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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