Chevy Chase Trust Holdings Inc. Has $257.47 Million Holdings in Citigroup Inc (C)
Chevy Chase Trust Holdings Inc. trimmed its stake in Citigroup Inc (NYSE:C) by 0.7% in the fourth quarter, HoldingsChannel reports. The firm owned 3,460,182 shares of the financial services provider’s stock after selling 23,357 shares during the quarter. Citigroup comprises approximately 1.1% of Chevy Chase Trust Holdings Inc.’s investment portfolio, making the stock its 12th biggest position. Chevy Chase Trust Holdings Inc.’s holdings in Citigroup were worth $257,471,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the business. Leisure Capital Management grew its stake in Citigroup by 1.6% in the second quarter. Leisure Capital Management now owns 3,763 shares of the financial services provider’s stock valued at $252,000 after purchasing an additional 59 shares in the last quarter. Halbert Hargrove Russell LLC lifted its position in shares of Citigroup by 1.6% in the second quarter. Halbert Hargrove Russell LLC now owns 4,736 shares of the financial services provider’s stock valued at $317,000 after buying an additional 74 shares during the last quarter. Usca Ria LLC lifted its position in shares of Citigroup by 0.3% in the second quarter. Usca Ria LLC now owns 34,375 shares of the financial services provider’s stock valued at $2,299,000 after buying an additional 90 shares during the last quarter. Boys Arnold & Co. Inc. lifted its position in shares of Citigroup by 0.7% in the second quarter. Boys Arnold & Co. Inc. now owns 14,532 shares of the financial services provider’s stock valued at $972,000 after buying an additional 100 shares during the last quarter. Finally, Carnegie Capital Asset Management LLC lifted its position in shares of Citigroup by 0.5% in the second quarter. Carnegie Capital Asset Management LLC now owns 20,225 shares of the financial services provider’s stock valued at $1,404,000 after buying an additional 101 shares during the last quarter. Hedge funds and other institutional investors own 80.94% of the company’s stock.
A number of analysts have recently issued reports on the company. ValuEngine raised Citigroup from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Deutsche Bank set a $74.00 price objective on Citigroup and gave the company a “neutral” rating in a research report on Wednesday, January 17th. Raymond James Financial assumed coverage on Citigroup in a research report on Tuesday, October 31st. They issued a “hold” rating for the company. Morgan Stanley raised their price objective on Citigroup from $73.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, October 13th. Finally, Wells Fargo & Co set a $100.00 price objective on Citigroup and gave the company a “buy” rating in a research report on Wednesday, January 17th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $79.44.
Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.09. The business had revenue of $17.26 billion during the quarter, compared to analysts’ expectations of $17.23 billion. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the firm posted $1.14 EPS. analysts predict that Citigroup Inc will post 6.4 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 5th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $1.28 annualized dividend and a yield of 1.71%. Citigroup’s payout ratio is currently -41.29%.
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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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