Marshall Wace North America L.P. grew its holdings in shares of Citigroup Inc (NYSE:C) by 18.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 634,273 shares of the financial services provider’s stock after acquiring an additional 97,326 shares during the quarter. Marshall Wace North America L.P.’s holdings in Citigroup were worth $45,503,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of C. Sadoff Investment Management LLC grew its holdings in shares of Citigroup by 0.9% during the second quarter. Sadoff Investment Management LLC now owns 621,033 shares of the financial services provider’s stock worth $41,560,000 after purchasing an additional 5,468 shares during the last quarter. SeaCrest Wealth Management LLC grew its holdings in shares of Citigroup by 34.2% during the second quarter. SeaCrest Wealth Management LLC now owns 22,487 shares of the financial services provider’s stock worth $1,505,000 after purchasing an additional 5,734 shares during the last quarter. Sandy Spring Bank grew its holdings in shares of Citigroup by 27.7% during the second quarter. Sandy Spring Bank now owns 28,713 shares of the financial services provider’s stock worth $1,921,000 after purchasing an additional 6,225 shares during the last quarter. Financial Architects Inc grew its holdings in shares of Citigroup by 43.8% during the second quarter. Financial Architects Inc now owns 17,994 shares of the financial services provider’s stock worth $1,204,000 after purchasing an additional 5,478 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Citigroup during the second quarter worth about $17,863,000. 72.79% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently weighed in on C. Zacks Investment Research cut Citigroup from a “buy” rating to a “hold” rating in a report on Friday. Credit Suisse Group reduced their price target on Citigroup from $88.00 to $80.00 and set an “outperform” rating on the stock in a report on Friday. ValuEngine cut Citigroup from a “hold” rating to a “sell” rating in a report on Wednesday, August 15th. Finally, Vining Sparks reiterated a “buy” rating and issued a $77.00 target price on shares of Citigroup in a report on Tuesday, October 9th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the company’s stock. Citigroup currently has a consensus rating of “Buy” and an average target price of $82.36.
Shares of NYSE:C opened at $58.35 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.32. Citigroup Inc has a twelve month low of $58.14 and a twelve month high of $80.70. The company has a market cap of $154.36 billion, a PE ratio of 10.95, a PEG ratio of 0.79 and a beta of 1.44.
Citigroup (NYSE:C) last issued its earnings results on Friday, October 12th. The financial services provider reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.07. Citigroup had a positive return on equity of 9.42% and a negative net margin of 4.81%. The company had revenue of $18.39 billion for the quarter, compared to analyst estimates of $18.43 billion. During the same period in the prior year, the firm earned $1.42 earnings per share. Equities analysts predict that Citigroup Inc will post 6.69 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 21st. Investors of record on Monday, November 5th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date was Friday, November 2nd. Citigroup’s payout ratio is currently 33.77%.
Citigroup Company Profile
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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