Seminole Management Co. Inc. lessened its holdings in Citigroup Inc. (NYSE:C) by 7.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 678,500 shares of the financial services provider’s stock after selling 52,600 shares during the period. Citigroup comprises approximately 10.6% of Seminole Management Co. Inc.’s portfolio, making the stock its 4th biggest position. Seminole Management Co. Inc.’s holdings in Citigroup were worth $49,354,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the company. Investors Asset Management of Georgia Inc. GA ADV boosted its position in Citigroup by 0.8% during the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 5,359 shares of the financial services provider’s stock valued at $358,000 after purchasing an additional 40 shares during the last quarter. Leisure Capital Management boosted its position in Citigroup by 1.6% during the second quarter. Leisure Capital Management now owns 3,763 shares of the financial services provider’s stock valued at $252,000 after purchasing an additional 59 shares during the last quarter. Regal Investment Advisors LLC boosted its position in Citigroup by 2.0% during the first quarter. Regal Investment Advisors LLC now owns 3,800 shares of the financial services provider’s stock valued at $227,000 after purchasing an additional 74 shares during the last quarter. Halbert Hargrove Russell LLC boosted its position in Citigroup by 1.6% during the second quarter. Halbert Hargrove Russell LLC now owns 4,736 shares of the financial services provider’s stock valued at $317,000 after purchasing an additional 74 shares during the last quarter. Finally, Usca Ria LLC boosted its position in Citigroup by 0.3% during the second quarter. Usca Ria LLC now owns 34,375 shares of the financial services provider’s stock valued at $2,299,000 after purchasing an additional 90 shares during the last quarter. 78.59% of the stock is owned by institutional investors and hedge funds.
Citigroup Inc. (NYSE:C) opened at $74.77 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market capitalization of $195,444.63, a PE ratio of 14.24, a PEG ratio of 1.45 and a beta of 1.55. Citigroup Inc. has a 12 month low of $55.23 and a 12 month high of $77.92.
Citigroup (NYSE:C) last posted its quarterly earnings data 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. The business had revenue of $18.17 billion for the quarter, compared to analyst estimates of $17.87 billion. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.24 earnings per share. research analysts predict that Citigroup Inc. will post 5.3 EPS for the current fiscal year.
The firm 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. The ex-dividend date was Friday, November 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.71%. Citigroup’s payout ratio is presently 24.66%.
Several equities analysts have weighed in on C shares. Atlantic Securities restated an “overweight” rating and set a $85.00 target price (up from $75.00) on shares of Citigroup in a report on Tuesday, September 26th. Bank of America restated a “neutral” rating on shares of Citigroup in a report on Wednesday, October 11th. Raymond James Financial started coverage on Citigroup in a report on Tuesday, October 31st. They set a “hold” rating on the stock. Vetr lowered Citigroup from a “buy” rating to a “hold” rating and set a $76.38 target price on the stock. in a report on Wednesday, November 29th. Finally, 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. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $76.54.
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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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