Gateway Funding Advisers LLC decreased its stake in shares of Citigroup Inc. (NYSE:C – Free Report) by 13.3% through the third quarter, in response to its most up-to-date 13F submitting with the Securities and Alternate Fee. The institutional investor owned 6,664 shares of the corporate’s inventory after promoting 1,024 shares through the quarter. Gateway Funding Advisers LLC’s holdings in Citigroup have been price $417,000 on the finish of the latest reporting interval.
Quite a few different hedge funds have additionally purchased and bought shares of C. Quarry LP acquired a brand new stake in shares of Citigroup within the fourth quarter price $48,000. GLOBALT Investments LLC GA acquired a brand new stake in Citigroup through the fourth quarter valued at $556,000. Sierra Summit Advisors LLC bought a brand new place in Citigroup through the fourth quarter valued at $204,000. Richardson Monetary Companies Inc. bought a brand new place in Citigroup through the fourth quarter valued at $110,000. Lastly, Wellington Administration Group LLP lifted its holdings in Citigroup by 86.8% through the fourth quarter. Wellington Administration Group LLP now owns 2,206,189 shares of the corporate’s inventory valued at $113,486,000 after buying a further 1,025,422 shares within the final quarter. Institutional buyers and hedge funds personal 71.72% of the corporate’s inventory.
Citigroup Worth Efficiency
Shares of C opened at $65.74 on Monday. Citigroup Inc. has a 1-year low of $38.17 and a 1-year excessive of $67.81. The inventory has a market cap of $125.42 billion, a PE ratio of 18.41, a P/E/G ratio of 0.74 and a beta of 1.44. The agency has a 50-day easy transferring common of $60.66 and a two-hundred day easy transferring common of $61.88. The corporate has a debt-to-equity ratio of 1.47, a present ratio of 0.94 and a fast ratio of 0.94.
Citigroup (NYSE:C – Get Free Report) final introduced its quarterly earnings outcomes on Friday, July twelfth. The corporate reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.13. Citigroup had a internet margin of 4.95% and a return on fairness of 6.26%. The enterprise had income of $20.14 billion through the quarter, in comparison with analysts’ expectations of $20.07 billion. Throughout the identical interval final yr, the enterprise earned $1.37 earnings per share. The enterprise’s income for the quarter was up 3.6% on a year-over-year foundation. As a bunch, analysts forecast that Citigroup Inc. will submit 5.76 EPS for the present yr.
Citigroup Will increase Dividend
The enterprise additionally just lately declared a quarterly dividend, which was paid on Friday, August twenty third. Shareholders of report on Monday, August fifth got a dividend of $0.56 per share. The ex-dividend date of this dividend was Monday, August fifth. This can be a increase from Citigroup’s earlier quarterly dividend of $0.53. This represents a $2.24 dividend on an annualized foundation and a dividend yield of three.41%. Citigroup’s dividend payout ratio (DPR) is at present 62.75%.
Wall Road Analyst Weigh In
A number of analysis corporations have issued stories on C. Royal Financial institution of Canada elevated their worth goal on shares of Citigroup from $63.00 to $66.00 and gave the corporate an “outperform” score in a report on Monday, June seventeenth. Oppenheimer elevated their worth goal on shares of Citigroup from $87.00 to $92.00 and gave the corporate an “outperform” score in a report on Wednesday, October 2nd. Piper Sandler raised their worth goal on shares of Citigroup from $70.00 to $73.00 and gave the inventory an “chubby” score in a analysis observe on Monday, July fifteenth. BMO Capital Markets raised their worth goal on shares of Citigroup from $63.00 to $65.00 and gave the inventory a “market carry out” score in a analysis observe on Thursday, July eleventh. Lastly, The Goldman Sachs Group decreased their worth goal on shares of Citigroup from $75.00 to $71.00 and set a “purchase” score on the inventory in a analysis observe on Wednesday, September eleventh. One analysis analyst has rated the inventory with a promote score, six have given a maintain score and ten have given a purchase score to the corporate. In accordance with information from MarketBeat, Citigroup at present has a consensus score of “Reasonable Purchase” and a consensus worth goal of $70.33.
View Our Newest Inventory Report on C
Citigroup Firm Profile
Citigroup Inc, a diversified monetary service holding firm, offers varied monetary product and companies to shoppers, firms, governments, and establishments worldwide. It operates by means of 5 segments: Companies, Markets, Banking, U.S. Private Banking, and Wealth. The Companies section consists of Treasury and Commerce Options, which offers money administration, commerce, and dealing capital options to multinational firms, monetary establishments, and public sector organizations; and Securities Companies, akin to cross-border help for purchasers, native market experience, post-trade applied sciences, information options, and varied securities companies options.
Additional Studying
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