YorkBridge Wealth Partners LLC grew its position in Citigroup Inc. (NYSE:C) by 1.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,956 shares of the financial services provider’s stock after acquiring an additional 343 shares during the period. YorkBridge Wealth Partners LLC’s holdings in Citigroup were worth $1,226,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in C. BlackRock Inc. boosted its holdings in Citigroup by 2,718.7% in the 1st quarter. BlackRock Inc. now owns 196,415,461 shares of the financial services provider’s stock valued at $11,749,573,000 after purchasing an additional 189,447,104 shares during the period. FMR LLC boosted its holdings in Citigroup by 18.2% in the 1st quarter. FMR LLC now owns 105,742,815 shares of the financial services provider’s stock valued at $6,325,535,000 after purchasing an additional 16,257,931 shares during the period. Lazard Asset Management LLC boosted its holdings in Citigroup by 109.5% in the 2nd quarter. Lazard Asset Management LLC now owns 9,292,727 shares of the financial services provider’s stock valued at $621,497,000 after purchasing an additional 4,856,866 shares during the period. Pioneer Investment Management Inc. boosted its holdings in Citigroup by 2,317.8% in the 2nd quarter. Pioneer Investment Management Inc. now owns 5,002,029 shares of the financial services provider’s stock valued at $334,536,000 after purchasing an additional 4,795,145 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Citigroup by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 183,198,941 shares of the financial services provider’s stock valued at $10,958,960,000 after purchasing an additional 4,391,347 shares during the period. 77.98% of the stock is owned by institutional investors.
Shares of Citigroup Inc. (NYSE:C) opened at $72.05 on Tuesday. 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 12 month low of $55.14 and a 12 month high of $76.14. The company has a market cap of $190,500.00, a price-to-earnings ratio of 13.74, a PEG ratio of 1.40 and a beta of 1.57.
Citigroup (NYSE:C) last posted its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 EPS for the quarter, beating 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 company had revenue of $18.17 billion for the quarter, compared to analyst estimates of $17.87 billion. During the same period in the prior year, the firm posted $1.24 EPS. The company’s quarterly revenue was up 2.3% on a year-over-year basis. sell-side analysts anticipate that Citigroup Inc. will post 5.31 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Monday, November 6th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date is Friday, November 3rd. Citigroup’s dividend payout ratio is currently 24.66%.
C has been the subject of several analyst reports. Bank of America Corporation restated a “neutral” rating on shares of Citigroup in a research report on Wednesday, October 11th. Credit Suisse Group restated an “outperform” rating and issued a $76.00 target price (up from $70.00) on shares of Citigroup in a research report on Wednesday, July 26th. Wells Fargo & Company restated a “buy” rating on shares of Citigroup in a research report on Monday, October 2nd. Atlantic Securities restated an “overweight” rating and issued a $85.00 target price (up from $75.00) on shares of Citigroup in a research report on Tuesday, September 26th. Finally, Vetr cut shares of Citigroup from a “strong-buy” rating to a “buy” rating and set a $76.22 target price for the company. in a research report on Monday, July 31st. One analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Citigroup has a consensus rating of “Buy” and a consensus target price of $75.61.
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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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