Amalgamated Bank lowered its stake in Citigroup Inc (NYSE:C) by 3.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 317,304 shares of the financial services provider’s stock after selling 11,686 shares during the period. Amalgamated Bank’s holdings in Citigroup were worth $22,763,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in the business. Fifth Third Bancorp grew its position in Citigroup by 2.6% in the third quarter. Fifth Third Bancorp now owns 1,475,262 shares of the financial services provider’s stock valued at $105,835,000 after acquiring an additional 37,429 shares during the last quarter. River & Mercantile Asset Management LLP grew its position in Citigroup by 37.5% in the third quarter. River & Mercantile Asset Management LLP now owns 2,174,402 shares of the financial services provider’s stock valued at $156,024,000 after acquiring an additional 593,475 shares during the last quarter. Patten Group Inc. grew its position in Citigroup by 31.0% in the third quarter. Patten Group Inc. now owns 4,927 shares of the financial services provider’s stock valued at $353,000 after acquiring an additional 1,166 shares during the last quarter. CapWealth Advisors LLC grew its position in Citigroup by 0.8% in the third quarter. CapWealth Advisors LLC now owns 296,846 shares of the financial services provider’s stock valued at $21,296,000 after acquiring an additional 2,495 shares during the last quarter. Finally, PCJ Investment Counsel Ltd. bought a new position in Citigroup in the third quarter valued at about $638,000. Hedge funds and other institutional investors own 72.79% of the company’s stock.
NYSE:C opened at $58.35 on Friday. The stock has a market cap of $160.01 billion, a PE ratio of 10.95, a PEG ratio of 0.82 and a beta of 1.44. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.32. Citigroup Inc has a 1-year low of $58.14 and a 1-year high of $80.70.
Citigroup (NYSE:C) last posted its quarterly earnings data on Friday, October 12th. The financial services provider reported $1.73 EPS for the quarter, topping the Zacks’ consensus estimate of $1.66 by $0.07. The company had revenue of $18.39 billion for the quarter, compared to analyst estimates of $18.43 billion. Citigroup had a positive return on equity of 9.42% and a negative net margin of 4.81%. During the same period in the previous year, the firm earned $1.42 earnings per share. As a group, sell-side analysts anticipate that Citigroup Inc will post 6.69 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 21st. Investors of record on Monday, November 5th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend was Friday, November 2nd. Citigroup’s dividend payout ratio is currently 33.77%.
C has been the topic of a number of recent analyst reports. ValuEngine cut Citigroup from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. BMO Capital Markets boosted their price target on Citigroup to $92.00 and gave the stock a “market perform” rating in a report on Monday, October 15th. Zacks Investment Research cut Citigroup from a “buy” rating to a “hold” rating in a report on Tuesday, November 27th. Wells Fargo & Co set a $100.00 price target on Citigroup and gave the stock a “buy” rating in a report on Monday, August 27th. Finally, Deutsche Bank boosted their price target on Citigroup from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, September 27th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $82.36.
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Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.
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