B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Citigroup Inc. (NYSE:C - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 116,407 shares of the company's stock, valued at approximately $7,287,000.
A number of other institutional investors also recently added to or reduced their stakes in the business. Banque Cantonale Vaudoise lifted its stake in Citigroup by 12.8% in the 3rd quarter. Banque Cantonale Vaudoise now owns 113,494 shares of the company's stock worth $7,104,000 after acquiring an additional 12,910 shares in the last quarter. OneAscent Financial Services LLC purchased a new stake in Citigroup in the 3rd quarter worth about $252,000. Caprock Group LLC lifted its stake in Citigroup by 2.5% in the 3rd quarter. Caprock Group LLC now owns 63,162 shares of the company's stock worth $3,954,000 after acquiring an additional 1,517 shares in the last quarter. Pathstone Holdings LLC lifted its stake in Citigroup by 2.8% in the 3rd quarter. Pathstone Holdings LLC now owns 149,742 shares of the company's stock worth $9,374,000 after acquiring an additional 4,051 shares in the last quarter. Finally, Aljian Capital Management LLC purchased a new stake in Citigroup in the 3rd quarter worth about $1,522,000. Institutional investors and hedge funds own 71.72% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on C. Bank of America raised their price target on Citigroup from $77.00 to $78.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. The Goldman Sachs Group cut their price target on Citigroup from $75.00 to $71.00 and set a "buy" rating for the company in a research note on Wednesday, September 11th. Morgan Stanley cut their price target on Citigroup from $86.00 to $82.00 and set an "overweight" rating for the company in a research note on Wednesday, October 16th. Oppenheimer raised their price target on Citigroup from $91.00 to $107.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 5th. Finally, Evercore ISI raised their price target on Citigroup from $63.00 to $64.00 and gave the stock an "in-line" rating in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, Citigroup presently has an average rating of "Moderate Buy" and an average price target of $73.00.
Read Our Latest Report on Citigroup
Citigroup Stock Performance
NYSE:C traded down $0.32 on Wednesday, hitting $68.28. The company's stock had a trading volume of 10,457,732 shares, compared to its average volume of 14,429,116. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.55. The stock has a fifty day moving average of $63.84 and a two-hundred day moving average of $62.75. The firm has a market capitalization of $129.14 billion, a P/E ratio of 19.79, a price-to-earnings-growth ratio of 0.77 and a beta of 1.44. Citigroup Inc. has a one year low of $44.56 and a one year high of $70.20.
Citigroup (NYSE:C - Get Free Report) last posted its earnings results on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.31 by $0.20. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The company had revenue of $20.32 billion for the quarter, compared to the consensus estimate of $19.86 billion. During the same quarter in the prior year, the business earned $1.52 earnings per share. The firm's revenue for the quarter was up .9% on a year-over-year basis. Research analysts predict that Citigroup Inc. will post 5.85 earnings per share for the current year.
Citigroup Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend was Monday, November 4th. Citigroup's dividend payout ratio is currently 64.93%.
About Citigroup
(
Free Report)
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.
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