Wealthfront Inc. increased its position in Citigroup Inc. (NYSE:C) by 22.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 123,343 shares of the financial services provider’s stock after purchasing an additional 22,471 shares during the period. Wealthfront Inc.’s holdings in Citigroup were worth $8,249,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Vantage Financial Partners Ltd. Inc. bought a new position in shares of Citigroup in the 2nd quarter worth $1,034,000. Catamount Wealth Management bought a new position in shares of Citigroup in the 2nd quarter worth $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its holdings in shares of Citigroup by 206.0% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 1,030 shares in the last quarter. Dubuque Bank & Trust Co. lifted its holdings in shares of Citigroup by 60.8% in the 2nd quarter. Dubuque Bank & Trust Co. now owns 1,584 shares of the financial services provider’s stock worth $106,000 after purchasing an additional 599 shares in the last quarter. Finally, Acrospire Investment Management LLC lifted its holdings in shares of Citigroup by 21.4% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 78.15% of the company’s stock.
Shares of Citigroup Inc. (NYSE:C) opened at $71.53 on Wednesday. The stock has a market capitalization of $190,341.69, a PE ratio of 13.87, a PEG ratio of 1.41 and a beta of 1.57. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.11. Citigroup Inc. has a 12-month low of $53.71 and a 12-month high of $76.14.
Citigroup (NYSE:C) last released its earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.10. The company had revenue of $18.17 billion during the quarter, compared to the consensus estimate of $17.87 billion. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. Citigroup’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.24 EPS. sell-side analysts forecast that Citigroup Inc. will post 5.31 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Monday, November 6th will be given a $0.32 dividend. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 1.79%. Citigroup’s payout ratio is 24.66%.
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A number of equities research analysts recently commented on the company. J P Morgan Chase & Co reissued an “overweight” rating and issued a $78.50 price target (up from $77.50) on shares of Citigroup in a research report on Friday, October 6th. BMO Capital Markets reissued a “hold” rating and issued a $65.00 price target on shares of Citigroup in a research report on Friday, October 6th. Credit Suisse Group reissued a “buy” rating and issued a $83.00 price target (up from $73.00) on shares of Citigroup in a research report on Monday, October 9th. They noted that the move was a valuation call. Stifel Nicolaus reissued a “hold” rating on shares of Citigroup in a research report on Monday, October 9th. Finally, BidaskClub raised Citigroup from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $74.77.
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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