Oxbow Advisors LLC trimmed its stake in shares of Citigroup Inc. (NYSE:C) by 6.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,048 shares of the financial services provider’s stock after selling 2,778 shares during the quarter. Oxbow Advisors LLC’s holdings in Citigroup were worth $3,059,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently modified their holdings of the company. Vantage Financial Partners Ltd. Inc. acquired a new stake in Citigroup in the second quarter valued at approximately $1,034,000. Catamount Wealth Management purchased a new position in shares of Citigroup during the second quarter valued at approximately $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in Citigroup by 206.0% in the second 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 during the last quarter. Balentine LLC boosted its position in Citigroup by 20.2% in the second quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 272 shares during the last quarter. Finally, Acrospire Investment Management LLC boosted its position in Citigroup by 21.4% in the second 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 during the last quarter. Institutional investors own 78.59% of the company’s stock.
A number of analysts recently issued reports on the company. ValuEngine upgraded Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Credit Suisse Group restated a “buy” rating and issued a $73.00 target price on shares of Citigroup in a research note on Wednesday, September 13th. Raymond James Financial began coverage on Citigroup in a report on Tuesday, October 31st. They issued a “hold” rating for the company. Morgan Stanley upped their price objective on Citigroup from $73.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, October 13th. Finally, Jefferies Group set a $81.00 price objective on Citigroup and gave the stock a “neutral” rating in a report on Thursday, October 12th. One analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. Citigroup has an average rating of “Buy” and an average target price of $75.97.
Shares of Citigroup Inc. (NYSE:C) traded up $0.01 during mid-day trading on Monday, reaching $75.72. The company had a trading volume of 1,747,332 shares, compared to its average volume of 16,881,119. The stock has a market cap of $200,180.00, a PE ratio of 14.59, a PEG ratio of 1.48 and a beta of 1.55. Citigroup Inc. has a 52 week low of $55.23 and a 52 week high of $77.92. 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 (NYSE:C) last issued its earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.10. The company had revenue of $18.17 billion during the quarter, compared to analysts’ expectations 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 period in the prior year, the business posted $1.24 EPS. research analysts anticipate that Citigroup Inc. will post 5.31 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Monday, November 6th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend was Friday, November 3rd. Citigroup’s payout ratio is 24.66%.
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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