Banque Cantonale Vaudoise Has $7.10 Million Stock Position in Citigroup Inc. (NYSE:C)

Banque Cantonale Vaudoise boosted its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 12.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 113,494 shares of the company's stock after purchasing an additional 12,910 shares during the quarter. Banque Cantonale Vaudoise's holdings in Citigroup were worth $7,104,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in C. POM Investment Strategies LLC acquired a new stake in shares of Citigroup during the second quarter worth $25,000. Northwest Investment Counselors LLC bought a new position in Citigroup in the third quarter worth about $28,000. Beacon Capital Management LLC boosted its stake in Citigroup by 85.5% in the first quarter. Beacon Capital Management LLC now owns 460 shares of the company's stock valued at $29,000 after acquiring an additional 212 shares during the period. Strategic Investment Solutions Inc. IL bought a new position in shares of Citigroup during the second quarter valued at approximately $31,000. Finally, Triad Wealth Partners LLC acquired a new stake in shares of Citigroup during the 2nd quarter worth approximately $32,000. 71.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on C. Oppenheimer raised their price target on shares of Citigroup from $91.00 to $107.00 and gave the company an "outperform" rating in a research note on Tuesday, November 5th. Evercore ISI increased 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. Bank of America upped their price objective on shares of Citigroup from $77.00 to $78.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. Barclays raised their target price on shares of Citigroup from $63.00 to $70.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 16th. Finally, Morgan Stanley reduced their price target on shares of Citigroup from $86.00 to $82.00 and set an "overweight" rating for the company in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $73.00.

Citigroup Stock Performance

Shares of Citigroup stock traded down $0.38 on Tuesday, reaching $68.62. The stock had a trading volume of 14,422,954 shares, compared to its average volume of 14,446,642. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.96 and a current ratio of 0.96. The business's 50-day moving average price is $63.40 and its two-hundred day moving average price is $62.66. The stock has a market cap of $129.78 billion, a P/E ratio of 19.88, a price-to-earnings-growth ratio of 0.77 and a beta of 1.44. Citigroup Inc. has a fifty-two week low of $44.56 and a fifty-two week high of $70.20.

Citigroup (NYSE:C - Get Free Report) last released its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.31 by $0.20. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The firm had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.86 billion. During the same quarter last year, the firm posted $1.52 EPS. The company's revenue was up .9% on a year-over-year basis. On average, sell-side analysts forecast that Citigroup Inc. will post 5.85 EPS for the current year.

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders 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 dividend yield of 3.26%. The ex-dividend date of this dividend was Monday, November 4th. Citigroup's dividend payout ratio is presently 64.93%.

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.