Fifth Third Bancorp increased its holdings in shares of Citigroup Inc (NYSE:C) by 2.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,475,262 shares of the financial services provider’s stock after purchasing an additional 37,429 shares during the quarter. Fifth Third Bancorp owned 0.06% of Citigroup worth $105,835,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of C. Bank of New York Mellon Corp increased its stake in Citigroup by 96,369.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 41,578,475 shares of the financial services provider’s stock worth $2,982,839,000 after purchasing an additional 41,535,375 shares in the last quarter. ValueAct Holdings L.P. increased its stake in Citigroup by 55.4% during the 2nd quarter. ValueAct Holdings L.P. now owns 25,175,500 shares of the financial services provider’s stock worth $1,684,744,000 after purchasing an additional 8,975,500 shares in the last quarter. SG Americas Securities LLC increased its stake in Citigroup by 120.7% during the 3rd quarter. SG Americas Securities LLC now owns 395,418 shares of the financial services provider’s stock worth $28,367,000 after purchasing an additional 2,301,918 shares in the last quarter. FMR LLC increased its stake in Citigroup by 2.1% during the 2nd quarter. FMR LLC now owns 107,588,759 shares of the financial services provider’s stock worth $7,199,839,000 after purchasing an additional 2,247,392 shares in the last quarter. Finally, Royal London Asset Management Ltd. bought a new stake in Citigroup during the 2nd quarter worth approximately $71,423,000. 72.79% of the stock is owned by institutional investors and hedge funds.
NYSE:C opened at $58.35 on Friday. Citigroup Inc has a 1-year low of $58.14 and a 1-year high of $80.70. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $154.36 billion, a P/E ratio of 9.50, a PEG ratio of 0.79 and a beta of 1.44.
Citigroup (NYSE:C) last released its earnings results on Friday, October 12th. The financial services provider reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.07. Citigroup had a negative net margin of 4.81% and a positive return on equity of 9.42%. The business had revenue of $18.39 billion during the quarter, compared to analysts’ expectations of $18.43 billion. During the same period last year, the business earned $1.42 earnings per share. As a group, sell-side analysts anticipate that Citigroup Inc will post 6.69 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 21st. Investors of record on Monday, November 5th were paid a $0.45 dividend. The ex-dividend date was Friday, November 2nd. This represents a $1.80 annualized dividend and a dividend yield of 3.08%. Citigroup’s dividend payout ratio is presently 33.77%.
A number of analysts recently issued reports on the company. Credit Suisse Group lowered their target price on Citigroup from $88.00 to $80.00 and set an “outperform” rating for the company in a research note on Friday. Zacks Investment Research cut Citigroup from a “buy” rating to a “hold” rating in a research note on Friday. BMO Capital Markets raised their price target on shares of Citigroup to $92.00 and gave the stock a “market perform” rating in a research note on Monday, October 15th. Vining Sparks reaffirmed a “buy” rating and set a $77.00 price target on shares of Citigroup in a research note on Tuesday, October 9th. Finally, ValuEngine cut shares of Citigroup from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the company. Citigroup presently has an average rating of “Buy” and an average target price of $82.36.
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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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