Fox Point Capital Management LLC bought a new position in Citigroup Inc. (NYSE:C) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 37,500 shares of the financial services provider’s stock, valued at approximately $2,508,000. Citigroup accounts for approximately 6.5% of Fox Point Capital Management LLC’s holdings, making the stock its 6th biggest position.
Other hedge funds also recently bought and sold shares of the company. Capital Analysts LLC boosted its holdings in shares of Citigroup by 5.4% during the second quarter. Capital Analysts LLC now owns 45,844 shares of the financial services provider’s stock worth $3,066,000 after purchasing an additional 2,367 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Citigroup by 5.2% during the second quarter. Principal Financial Group Inc. now owns 4,152,299 shares of the financial services provider’s stock worth $277,705,000 after purchasing an additional 205,298 shares during the period. BlackRock Inc. boosted its holdings in shares of Citigroup by 2,718.7% during the first quarter. BlackRock Inc. now owns 196,415,461 shares of the financial services provider’s stock worth $11,749,573,000 after purchasing an additional 189,447,104 shares during the period. Amalgamated Bank boosted its holdings in shares of Citigroup by 1.0% during the first quarter. Amalgamated Bank now owns 195,156 shares of the financial services provider’s stock worth $11,674,000 after purchasing an additional 1,937 shares during the period. Finally, Shelton Capital Management boosted its holdings in shares of Citigroup by 13.9% during the first quarter. Shelton Capital Management now owns 60,400 shares of the financial services provider’s stock worth $3,613,000 after purchasing an additional 7,384 shares during the period. Institutional investors and hedge funds own 78.15% of the company’s stock.
Several equities analysts recently weighed in on C shares. Credit Suisse Group reaffirmed an “outperform” rating and set a $76.00 price objective (up previously from $70.00) on shares of Citigroup in a research report on Wednesday, July 26th. BMO Capital Markets lowered shares of Citigroup from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $67.43 to $65.00 in a research report on Monday, July 31st. They noted that the move was a valuation call. Vetr lowered shares of Citigroup from a “strong-buy” rating to a “buy” rating and set a $76.22 price objective on the stock. in a research report on Monday, July 31st. J P Morgan Chase & Co set a $73.50 price objective on shares of Citigroup and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Finally, Wells Fargo & Company started coverage on shares of Citigroup in a research report on Wednesday, August 9th. They set an “outperform” rating and a $90.00 price objective on the stock. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company’s stock. Citigroup currently has an average rating of “Buy” and an average target price of $74.77.
Shares of Citigroup Inc. (NYSE:C) opened at $71.33 on Friday. Citigroup Inc. has a 52 week low of $54.98 and a 52 week high of $76.14. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $189,500.00, a price-to-earnings ratio of 13.78, a price-to-earnings-growth ratio of 1.40 and a beta of 1.57.
Citigroup (NYSE:C) last posted its quarterly 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. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The firm had revenue of $18.17 billion for the quarter, compared to the consensus estimate of $17.87 billion. During the same quarter in the previous year, the company earned $1.24 earnings per share. The business’s revenue was up 2.3% compared to the same quarter last year. equities analysts forecast that Citigroup Inc. will post 5.31 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Monday, November 6th will be paid a dividend of $0.32 per share. 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 dividend payout ratio is currently 24.66%.
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Citigroup Company Profile
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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