Insight Advisors LLC PA reduced its holdings in shares of Citigroup Inc. (NYSE:C – Free Report) by 14.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 45,570 shares of the company’s stock after selling 7,900 shares during the period. Insight Advisors LLC PA’s holdings in Citigroup were worth $2,137,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in C. Snider Financial Group raised its holdings in shares of Citigroup by 96,645.9% in the 1st quarter. Snider Financial Group now owns 84,494,926 shares of the company’s stock valued at $4,512,000 after purchasing an additional 84,407,589 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of Citigroup by 216,016.2% in the 1st quarter. Fisher Asset Management LLC now owns 21,888,245 shares of the company’s stock valued at $1,026,340,000 after purchasing an additional 21,878,117 shares in the last quarter. Norges Bank acquired a new stake in shares of Citigroup in the 4th quarter valued at $631,922,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Citigroup by 67.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,411,429 shares of the company’s stock valued at $923,209,000 after purchasing an additional 8,217,942 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC raised its holdings in shares of Citigroup by 87,332.7% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 7,511,342 shares of the company’s stock valued at $339,738,000 after purchasing an additional 7,502,751 shares in the last quarter. 69.39% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
C has been the topic of a number of analyst reports. Odeon Capital Group upgraded shares of Citigroup from a “hold” rating to a “buy” rating and set a $50.51 price objective on the stock in a report on Tuesday, July 18th. Societe Generale lowered shares of Citigroup from a “buy” rating to a “hold” rating in a research note on Monday, July 10th. Evercore ISI cut their price target on shares of Citigroup from $53.00 to $50.00 in a research note on Friday, May 12th. Credit Suisse Group cut their price target on shares of Citigroup from $54.00 to $50.00 in a research note on Wednesday, May 24th. Finally, Barclays cut their price target on shares of Citigroup from $61.00 to $59.00 in a research note on Wednesday, April 12th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $53.73.
Citigroup Stock Performance
Shares of NYSE:C traded down $0.24 during midday trading on Tuesday, hitting $47.42. The stock had a trading volume of 6,965,982 shares, compared to its average volume of 17,732,207. The company has a market capitalization of $92.31 billion, a PE ratio of 7.53, a P/E/G ratio of 1.84 and a beta of 1.56. The stock has a 50 day moving average price of $46.57 and a two-hundred day moving average price of $47.85. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.45. Citigroup Inc. has a 1 year low of $40.01 and a 1 year high of $54.56.
Citigroup (NYSE:C – Get Free Report) last issued its earnings results on Friday, July 14th. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.02. The business had revenue of $19.44 billion for the quarter, compared to the consensus estimate of $19.34 billion. Citigroup had a net margin of 10.24% and a return on equity of 6.80%. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.30 earnings per share. As a group, equities analysts predict that Citigroup Inc. will post 5.76 earnings per share for the current fiscal year.
Citigroup Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Monday, August 7th will be issued a dividend of $0.53 per share. The ex-dividend date of this dividend is Friday, August 4th. This represents a $2.12 dividend on an annualized basis and a yield of 4.47%. This is an increase from Citigroup’s previous quarterly dividend of $0.51. Citigroup’s payout ratio is currently 32.33%.
Citigroup Company Profile
Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. It operates through three segments: Institutional Clients Group (ICG), Personal Banking and Wealth Management (PBWM), and Legacy Franchises.
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