Lansdowne Partners UK LLP trimmed its position in Citigroup Inc (NYSE:C) by 17.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,639,060 shares of the financial services provider’s stock after selling 1,807,695 shares during the quarter. Citigroup makes up approximately 5.5% of Lansdowne Partners UK LLP’s holdings, making the stock its 8th largest position. Lansdowne Partners UK LLP owned 0.34% of Citigroup worth $578,130,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Miles Capital Inc. boosted its position in Citigroup by 36.8% during the 1st quarter. Miles Capital Inc. now owns 6,728 shares of the financial services provider’s stock worth $454,000 after acquiring an additional 1,811 shares during the period. Middleton & Co Inc MA boosted its position in Citigroup by 3.6% during the 1st quarter. Middleton & Co Inc MA now owns 82,907 shares of the financial services provider’s stock worth $5,596,000 after acquiring an additional 2,848 shares during the period. Bbva Compass Bancshares Inc. boosted its position in Citigroup by 2.0% during the 1st quarter. Bbva Compass Bancshares Inc. now owns 190,856 shares of the financial services provider’s stock worth $12,882,000 after acquiring an additional 3,798 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Citigroup by 0.9% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 33,678,989 shares of the financial services provider’s stock worth $2,273,331,000 after acquiring an additional 287,814 shares during the period. Finally, D.A. Davidson & CO. boosted its position in Citigroup by 28.4% during the 1st quarter. D.A. Davidson & CO. now owns 62,295 shares of the financial services provider’s stock worth $4,205,000 after acquiring an additional 13,791 shares during the period. Institutional investors and hedge funds own 74.83% of the company’s stock.
NYSE:C opened at $69.64 on Monday. The firm has a market cap of $178.98 billion, a P/E ratio of 13.07, a price-to-earnings-growth ratio of 0.95 and a beta of 1.45. Citigroup Inc has a 1-year low of $64.38 and a 1-year high of $80.70. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.30.
Citigroup (NYSE:C) last posted its quarterly earnings results on Friday, July 13th. The financial services provider reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.08. The firm had revenue of $18.47 billion for the quarter, compared to analyst estimates of $18.43 billion. Citigroup had a positive return on equity of 8.78% and a negative net margin of 5.45%. equities research analysts predict that Citigroup Inc will post 6.58 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 24th. Investors of record on Monday, August 6th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.58%. This is a positive change from Citigroup’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, August 3rd. Citigroup’s payout ratio is presently 33.77%.
In other Citigroup news, CEO Francisco Aristeguieta sold 15,000 shares of the company’s stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $72.36, for a total value of $1,085,400.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Raja Akram sold 500 shares of the company’s stock in a transaction dated 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. 0.11% of the stock is currently owned by insiders.
Several equities research analysts have recently commented on C shares. Wells Fargo & Co set a $100.00 target price on Citigroup and gave the company a “buy” rating in a report on Monday, August 27th. TheStreet raised Citigroup from a “c” rating to a “b-” rating in a report on Monday, July 30th. Daiwa Capital Markets downgraded Citigroup from a “strong-buy” rating to a “buy” rating and set a $78.00 target price for the company. in a report on Thursday, May 17th. Oppenheimer upped their target price on Citigroup from $89.00 to $91.00 and gave the company an “outperformer” rating in a report on Monday, July 16th. Finally, BMO Capital Markets upped their target price on Citigroup from $76.00 to $85.00 and gave the company a “market perform” rating in a report on Monday, July 16th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The company has an average 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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