Citigroup Inc (C) Holdings Lifted by Moneta Group Investment Advisors LLC
Moneta Group Investment Advisors LLC grew its stake in shares of Citigroup Inc (NYSE:C) by 279.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 56,126 shares of the financial services provider’s stock after purchasing an additional 41,329 shares during the quarter. Moneta Group Investment Advisors LLC’s holdings in Citigroup were worth $1,077,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Eaton Vance Management increased its holdings in shares of Citigroup by 0.3% during the 1st quarter. Eaton Vance Management now owns 1,425,762 shares of the financial services provider’s stock worth $96,239,000 after acquiring an additional 4,020 shares during the last quarter. Johnson Financial Group Inc. boosted its stake in Citigroup by 17.3% in the 1st quarter. Johnson Financial Group Inc. now owns 42,820 shares of the financial services provider’s stock valued at $2,890,000 after purchasing an additional 6,317 shares during the period. Vantage Financial Partners Ltd. Inc. boosted its stake in Citigroup by 12.8% in the 1st quarter. Vantage Financial Partners Ltd. Inc. now owns 22,000 shares of the financial services provider’s stock valued at $1,485,000 after purchasing an additional 2,500 shares during the period. Engineers Gate Manager LP bought a new stake in Citigroup in the 1st quarter valued at $2,927,000. Finally, MUFG Americas Holdings Corp boosted its stake in Citigroup by 21.4% in the 1st quarter. MUFG Americas Holdings Corp now owns 288,907 shares of the financial services provider’s stock valued at $19,501,000 after purchasing an additional 50,935 shares during the period. 74.83% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:C opened at $70.54 on Friday. The firm has a market cap of $181.22 billion, a PE ratio of 13.23, a P/E/G ratio of 0.96 and a beta of 1.45. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.30. Citigroup Inc has a fifty-two week low of $64.38 and a fifty-two week high of $80.70.
The business also recently announced a quarterly dividend, which was paid on Friday, August 24th. Stockholders of record on Monday, August 6th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.55%. This is an increase from Citigroup’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, August 3rd. Citigroup’s dividend payout ratio is presently 33.77%.
In related news, CEO Francisco Aristeguieta sold 15,000 shares of the company’s stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $72.36, for a total transaction of $1,085,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Raja Akram sold 500 shares of the company’s stock in a transaction on Thursday, July 19th. The stock was sold at an average price of $69.21, for a total value of $34,605.00. The disclosure for this sale can be found here. Corporate insiders own 0.11% of the company’s stock.
Several analysts recently issued reports on C shares. Royal Bank of Canada restated a “buy” rating and issued a $85.00 price target on shares of Citigroup in a research note on Monday, July 16th. Wells Fargo & Co set a $100.00 price target on Citigroup and gave the company a “buy” rating in a research note on Monday, August 27th. Morgan Stanley reduced their price target on Citigroup from $88.00 to $84.00 and set an “overweight” rating for the company in a research note on Monday, July 16th. ValuEngine downgraded Citigroup from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Finally, Goldman Sachs Group set a $78.00 price target on Citigroup and gave the company a “neutral” rating in a research note on Friday, July 20th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have issued a buy rating to the stock. Citigroup presently has a consensus rating of “Hold” and an average price target of $81.65.
Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.
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