Tudor Investment Corp ET AL lifted its holdings in shares of Citigroup Inc. (NYSE:C) by 73.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,703 shares of the financial services provider’s stock after buying an additional 27,926 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Citigroup were worth $4,394,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the company. Catamount Wealth Management bought a new position in Citigroup in the second quarter valued at approximately $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake in Citigroup by 206.0% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock valued at $102,000 after buying an additional 1,030 shares in the last quarter. Patten Group Inc. lifted its stake in Citigroup by 6.6% in the first quarter. Patten Group Inc. now owns 1,765 shares of the financial services provider’s stock valued at $105,000 after buying an additional 110 shares in the last quarter. Dubuque Bank & Trust Co. lifted its stake in Citigroup by 60.8% in the second quarter. Dubuque Bank & Trust Co. now owns 1,584 shares of the financial services provider’s stock valued at $106,000 after buying an additional 599 shares in the last quarter. Finally, Acrospire Investment Management LLC lifted its stake in Citigroup by 21.4% in the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock valued at $114,000 after buying an additional 300 shares in the last quarter. Institutional investors own 78.59% of the company’s stock.
Citigroup Inc. (NYSE C) traded down $0.46 during mid-day trading on Thursday, hitting $74.98. 19,169,831 shares of the stock were exchanged, compared to its average volume of 16,899,807. The company has a market capitalization of $198,830.00, a PE ratio of 14.75, a P/E/G ratio of 1.50 and a beta of 1.55. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.01 and a quick ratio of 1.01. Citigroup Inc. has a 52-week low of $55.23 and a 52-week high of $77.92.
Citigroup (NYSE:C) last posted its earnings results on Thursday, October 12th. The financial services provider reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.10. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The firm had revenue of $18.17 billion during the quarter, compared to analysts’ expectations of $17.87 billion. During the same quarter in the prior year, the business earned $1.24 earnings per share. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. sell-side analysts forecast that Citigroup Inc. will post 5.31 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Monday, November 6th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend was Friday, November 3rd. Citigroup’s dividend payout ratio is currently 24.66%.
A number of analysts have recently commented on the stock. Vetr raised shares of Citigroup from a “hold” rating to a “buy” rating and set a $80.92 price objective on the stock in a research report on Monday. J P Morgan Chase & Co reissued an “overweight” rating and issued a $78.50 price objective (up previously from $77.50) on shares of Citigroup in a research report on Friday, October 6th. BMO Capital Markets restated a “hold” rating and set a $65.00 target price on shares of Citigroup in a report on Friday, October 6th. Credit Suisse Group restated a “buy” rating and set a $83.00 target price (up from $73.00) on shares of Citigroup in a report on Monday, October 9th. They noted that the move was a valuation call. Finally, Stifel Nicolaus restated a “hold” rating on shares of Citigroup in a report on Monday, October 9th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $75.83.
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Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.
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