FinTrust Capital Advisors LLC grew its holdings in Citigroup Inc (NYSE:C) by 338.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 12,134 shares of the financial services provider’s stock after buying an additional 9,365 shares during the period. FinTrust Capital Advisors LLC’s holdings in Citigroup were worth $849,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the company. Rehmann Capital Advisory Group lifted its stake in Citigroup by 103.1% during the 1st quarter. Rehmann Capital Advisory Group now owns 4,389 shares of the financial services provider’s stock worth $273,000 after acquiring an additional 2,228 shares in the last quarter. Advisor Partners LLC lifted its stake in Citigroup by 8.2% during the 2nd quarter. Advisor Partners LLC now owns 78,622 shares of the financial services provider’s stock worth $5,506,000 after acquiring an additional 5,980 shares in the last quarter. Strategy Asset Managers LLC acquired a new position in Citigroup during the 1st quarter worth about $55,000. Sanders Morris Harris LLC acquired a new position in Citigroup during the 2nd quarter worth about $514,000. Finally, Front Barnett Associates LLC lifted its stake in Citigroup by 0.4% during the 1st quarter. Front Barnett Associates LLC now owns 134,044 shares of the financial services provider’s stock worth $8,340,000 after acquiring an additional 551 shares in the last quarter. 77.65% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts recently issued reports on the company. BMO Capital Markets lowered Citigroup to a “hold” rating in a research note on Friday, July 26th. Barclays increased their target price on Citigroup from $83.00 to $86.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. Wells Fargo & Co set a $90.00 target price on Citigroup and gave the stock a “buy” rating in a research note on Friday, May 3rd. Morgan Stanley set a $78.00 target price on Citigroup and gave the stock a “buy” rating in a research note on Friday, August 9th. Finally, Zacks Investment Research lowered Citigroup from a “buy” rating to a “hold” rating in a research note on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have assigned a buy rating to the stock. Citigroup has an average rating of “Buy” and an average target price of $79.40.
Shares of C traded down $0.09 during mid-day trading on Thursday, reaching $61.32. The company’s stock had a trading volume of 9,193,848 shares, compared to its average volume of 13,639,416. Citigroup Inc has a 12-month low of $48.42 and a 12-month high of $75.24. The firm has a market capitalization of $145.12 billion, a PE ratio of 9.22, a PEG ratio of 0.70 and a beta of 1.76. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.40. The firm’s 50 day moving average price is $69.66.
Citigroup (NYSE:C) last released its quarterly earnings data on Monday, July 15th. The financial services provider reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.17. Citigroup had a return on equity of 10.10% and a net margin of 18.24%. The business had revenue of $18.76 billion for the quarter, compared to the consensus estimate of $18.49 billion. During the same quarter in the prior year, the business posted $1.63 EPS. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. Sell-side analysts forecast that Citigroup Inc will post 7.55 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Monday, August 5th will be issued a $0.51 dividend. The ex-dividend date is Friday, August 2nd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.33%. This is an increase from Citigroup’s previous quarterly dividend of $0.45. Citigroup’s dividend payout ratio is presently 30.68%.
Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
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