Meitav Dash Investments Ltd. Reduces Holdings in Citigroup Inc. (NYSE:C)

Meitav Dash Investments Ltd. lessened its position in shares of Citigroup Inc. (NYSE:CGet Rating) by 73.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 97,317 shares of the company’s stock after selling 270,834 shares during the period. Meitav Dash Investments Ltd.’s holdings in Citigroup were worth $5,198,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in Citigroup during the 4th quarter worth about $889,483,000. Cibc World Markets Corp increased its stake in Citigroup by 204.6% in the 4th quarter. Cibc World Markets Corp now owns 7,991,436 shares of the company’s stock worth $482,603,000 after acquiring an additional 5,368,050 shares during the last quarter. Renaissance Technologies LLC bought a new position in Citigroup in the 4th quarter worth about $282,258,000. Bank of Montreal Can increased its stake in Citigroup by 24.9% in the 4th quarter. Bank of Montreal Can now owns 16,339,049 shares of the company’s stock worth $1,139,484,000 after acquiring an additional 3,257,303 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in Citigroup by 131.1% in the 1st quarter. SG Americas Securities LLC now owns 584,802 shares of the company’s stock worth $31,228,000 after acquiring an additional 2,463,245 shares during the last quarter. Hedge funds and other institutional investors own 74.91% of the company’s stock.

Wall Street Analysts Forecast Growth

C has been the topic of a number of research analyst reports. BMO Capital Markets decreased their target price on Citigroup from $80.00 to $78.00 and set an “outperform” rating on the stock in a research note on Monday, April 18th. Oppenheimer increased their price objective on Citigroup from $81.00 to $86.00 and gave the company an “outperform” rating in a research report on Monday, July 18th. Credit Suisse Group reduced their price objective on Citigroup from $58.00 to $56.00 and set a “neutral” rating on the stock in a research report on Monday, July 18th. Royal Bank of Canada reduced their price objective on Citigroup from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Monday, June 27th. Finally, Wells Fargo & Company reduced their price objective on Citigroup from $70.00 to $60.00 and set an “overweight” rating on the stock in a research report on Friday, July 1st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $62.95.

Citigroup Trading Up 0.8 %

NYSE C opened at $51.66 on Friday. Citigroup Inc. has a fifty-two week low of $43.44 and a fifty-two week high of $74.64. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.92 and a current ratio of 0.93. The stock has a 50 day simple moving average of $49.22 and a two-hundred day simple moving average of $53.97. The stock has a market cap of $102.33 billion, a P/E ratio of 6.61, a price-to-earnings-growth ratio of 0.64 and a beta of 1.60.

Citigroup (NYSE:CGet Rating) last released its quarterly earnings data on Friday, July 15th. The company reported $2.19 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.57. Citigroup had a return on equity of 10.25% and a net margin of 20.06%. The business had revenue of $19.64 billion during the quarter, compared to analysts’ expectations of $18.32 billion. During the same quarter last year, the business posted $2.84 EPS. The business’s revenue was up 10.6% on a year-over-year basis. On average, analysts forecast that Citigroup Inc. will post 7.21 earnings per share for the current year.

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Stockholders of record on Monday, August 1st will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date of this dividend is Friday, July 29th. Citigroup’s payout ratio is presently 26.09%.

About Citigroup

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

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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