17,902 Shares in Citigroup Inc. $C Bought by ICONIQ Capital LLC

ICONIQ Capital LLC acquired a new stake in shares of Citigroup Inc. (NYSE:C) during the 2nd quarter, HoldingsChannel reports. The fund acquired 17,902 shares of the company’s stock, valued at approximately $1,524,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank purchased a new position in Citigroup in the 2nd quarter valued at about $2,455,929,000. Amundi raised its holdings in shares of Citigroup by 78.4% during the first quarter. Amundi now owns 13,713,517 shares of the company’s stock valued at $973,523,000 after acquiring an additional 6,026,268 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Citigroup by 6.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 41,101,459 shares of the company’s stock valued at $2,917,794,000 after acquiring an additional 2,539,769 shares in the last quarter. B. Metzler seel. Sohn & Co. AG boosted its stake in shares of Citigroup by 2,230.8% in the first quarter. B. Metzler seel. Sohn & Co. AG now owns 2,630,308 shares of the company’s stock worth $186,726,000 after acquiring an additional 2,517,459 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Citigroup by 52.8% during the first quarter. AQR Capital Management LLC now owns 6,621,300 shares of the company’s stock worth $456,737,000 after purchasing an additional 2,286,653 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Analyst Upgrades and Downgrades

C has been the topic of several recent research reports. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Citigroup in a research note on Wednesday. Cowen reissued a “hold” rating on shares of Citigroup in a research note on Wednesday. Wells Fargo & Company upped their price objective on shares of Citigroup from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Tuesday, September 16th. Dbs Bank lowered shares of Citigroup from a “moderate buy” rating to a “hold” rating in a research note on Monday, September 22nd. Finally, JPMorgan Chase & Co. upgraded Citigroup from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $107.00 to $124.00 in a report on Friday. Twelve investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Citigroup currently has a consensus rating of “Moderate Buy” and a consensus price target of $112.47.

Citigroup Stock Up 0.1%

C stock opened at $111.82 on Friday. Citigroup Inc. has a one year low of $55.51 and a one year high of $113.43. The firm has a market cap of $200.07 billion, a PE ratio of 15.70, a PEG ratio of 0.55 and a beta of 1.21. The firm’s 50 day moving average price is $101.21 and its 200-day moving average price is $94.26. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.99 and a current ratio of 0.99.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, October 14th. The company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.35. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The company had revenue of $22.09 billion during the quarter, compared to analysts’ expectations of $20.92 billion. During the same quarter last year, the firm earned $1.51 earnings per share. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, equities research analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Monday, November 3rd were given a $0.60 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $2.40 dividend on an annualized basis and a yield of 2.1%. Citigroup’s dividend payout ratio is presently 33.71%.

Citigroup Profile

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.