Pictet North America Advisors SA lifted its stake in shares of Citigroup Inc (NYSE:C) by 26.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 35,751 shares of the financial services provider’s stock after purchasing an additional 7,395 shares during the quarter. Pictet North America Advisors SA’s holdings in Citigroup were worth $2,504,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the company. Axiom International Investors LLC DE raised its position in shares of Citigroup by 22.9% during the 2nd quarter. Axiom International Investors LLC DE now owns 659,875 shares of the financial services provider’s stock worth $46,211,000 after purchasing an additional 122,965 shares during the period. Redpoint Investment Management Pty Ltd raised its position in shares of Citigroup by 5.3% during the 2nd quarter. Redpoint Investment Management Pty Ltd now owns 169,543 shares of the financial services provider’s stock worth $11,873,000 after purchasing an additional 8,553 shares during the period. Balasa Dinverno & Foltz LLC raised its position in shares of Citigroup by 7.9% during the 2nd quarter. Balasa Dinverno & Foltz LLC now owns 11,797 shares of the financial services provider’s stock worth $826,000 after purchasing an additional 865 shares during the period. Schnieders Capital Management LLC raised its position in shares of Citigroup by 2.1% during the 2nd quarter. Schnieders Capital Management LLC now owns 15,785 shares of the financial services provider’s stock worth $1,105,000 after purchasing an additional 325 shares during the period. Finally, RB Capital Management LLC raised its position in shares of Citigroup by 7.6% during the 2nd quarter. RB Capital Management LLC now owns 5,794 shares of the financial services provider’s stock worth $406,000 after purchasing an additional 408 shares during the period. Institutional investors and hedge funds own 76.78% of the company’s stock.

C traded down $1.96 during trading hours on Friday, hitting $61.95. The company’s stock had a trading volume of 15,056,823 shares, compared to its average volume of 15,013,443. Citigroup Inc has a fifty-two week low of $48.42 and a fifty-two week high of $75.24. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $144.38 billion, a PE ratio of 9.32, a PEG ratio of 0.69 and a beta of 1.76. The company has a 50-day simple moving average of $68.50 and a 200 day simple moving average of $66.41.

Citigroup (NYSE:C) last posted its earnings results on Monday, July 15th. The financial services provider reported $1.95 EPS for the quarter, beating the consensus estimate of $1.78 by $0.17. Citigroup had a return on equity of 10.10% and a net margin of 18.24%. The firm had revenue of $18.76 billion for the quarter, compared to analysts’ expectations of $18.49 billion. During the same period last year, the firm earned $1.63 EPS. The firm’s revenue was up 1.6% compared to the same quarter last year. Research analysts expect that Citigroup Inc will post 7.55 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 5th were given a $0.51 dividend. This is a boost from Citigroup’s previous quarterly dividend of $0.45. This represents a $2.04 annualized dividend and a yield of 3.29%. The ex-dividend date was Friday, August 2nd. Citigroup’s dividend payout ratio (DPR) is currently 30.68%.

A number of analysts have recently weighed in on C shares. JPMorgan Chase & Co. increased their price target on Citigroup from $75.00 to $77.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 9th. Zacks Investment Research cut Citigroup from a “buy” rating to a “hold” rating in a research report on Thursday, May 9th. Wells Fargo & Co set a $85.00 price target on Citigroup and gave the stock a “buy” rating in a research report on Friday, August 16th. Bank of America cut Citigroup to a “hold” rating in a research report on Friday, July 26th. Finally, ValuEngine cut Citigroup from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $79.12.

Citigroup Company Profile

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

See Also: 52-Week High/Low

Institutional Ownership by Quarter for Citigroup (NYSE:C)

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