LGT Fund Administration Co Ltd. bought a brand new place in shares of Citigroup Inc. (NYSE:C – Free Report) through the 2nd quarter, in line with the corporate in its most up-to-date submitting with the Securities and Trade Fee. The agency bought 13,400 shares of the corporate’s inventory, valued at roughly $850,000.
Plenty of different hedge funds have additionally added to or lowered their stakes within the firm. Gryphon Monetary Companions LLC lifted its holdings in shares of Citigroup by 215.7% within the fourth quarter. Gryphon Monetary Companions LLC now owns 15,561 shares of the corporate’s inventory price $800,000 after buying a further 10,632 shares over the last quarter. AGF Administration Ltd. lifted its stake in Citigroup by 42.4% within the 4th quarter. AGF Administration Ltd. now owns 34,769 shares of the corporate’s inventory valued at $1,789,000 after buying a further 10,360 shares over the last quarter. Envestnet Portfolio Options Inc. boosted its place in Citigroup by 1.8% within the fourth quarter. Envestnet Portfolio Options Inc. now owns 47,922 shares of the corporate’s inventory valued at $2,465,000 after shopping for a further 861 shares within the final quarter. Ieq Capital LLC grew its stake in shares of Citigroup by 52.3% through the fourth quarter. Ieq Capital LLC now owns 37,848 shares of the corporate’s inventory price $1,947,000 after shopping for a further 12,991 shares over the last quarter. Lastly, Checchi Capital Advisers LLC elevated its holdings in shares of Citigroup by 18.2% through the fourth quarter. Checchi Capital Advisers LLC now owns 13,741 shares of the corporate’s inventory price $707,000 after shopping for a further 2,120 shares within the final quarter. 71.72% of the inventory is owned by institutional buyers.
Citigroup Buying and selling Down 2.7 %
NYSE C opened at $57.93 on Wednesday. The inventory has a market capitalization of $110.50 billion, a P/E ratio of 16.23, a P/E/G ratio of 0.64 and a beta of 1.45. The enterprise has a 50 day easy transferring common of $62.22 and a 200 day easy transferring common of $61.33. 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 Inc. has a one yr low of $38.17 and a one yr excessive of $67.81.
Citigroup (NYSE:C – Get Free Report) final introduced its quarterly earnings information on Friday, July twelfth. The corporate reported $1.52 EPS for the quarter, topping the consensus estimate of $1.39 by $0.13. Citigroup had a web margin of 4.95% and a return on fairness of 6.26%. The corporate had income of $20.14 billion through the quarter, in comparison with the consensus estimate of $20.07 billion. Throughout the identical quarter final yr, the agency posted $1.37 EPS. The corporate’s quarterly income was up 3.6% on a year-over-year foundation. Analysis analysts anticipate that Citigroup Inc. will submit 5.82 earnings per share for the present yr.
Citigroup Will increase Dividend
The enterprise additionally not too long ago disclosed a quarterly dividend, which was paid on Friday, August twenty third. Stockholders of document on Monday, August fifth have been issued a dividend of $0.56 per share. The ex-dividend date was Monday, August fifth. This represents a $2.24 annualized dividend and a dividend yield of three.87%. This can be a constructive change from Citigroup’s earlier quarterly dividend of $0.53. Citigroup’s dividend payout ratio is at the moment 62.75%.
Wall Avenue Analysts Forecast Development
Plenty of brokerages not too long ago weighed in on C. Argus boosted their value goal on Citigroup from $70.00 to $72.00 and gave the inventory a “purchase” score in a analysis report on Monday, July fifteenth. Oppenheimer boosted their value goal on Citigroup from $85.00 to $86.00 and gave the inventory an “outperform” score in a report on Monday, July fifteenth. BMO Capital Markets raised their value goal on shares of Citigroup from $63.00 to $65.00 and gave the corporate a “market carry out” score in a report on Thursday, July eleventh. Morgan Stanley boosted their goal value on shares of Citigroup from $66.00 to $79.00 and gave the inventory an “chubby” score in a report on Tuesday, July thirtieth. Lastly, Keefe, Bruyette & Woods lifted their value goal on shares of Citigroup from $66.00 to $69.00 and gave the inventory a “market carry out” score in a report on Thursday, June twentieth. One equities analysis analyst has rated the inventory with a promote score, six have assigned a maintain score and ten have issued a purchase score to the inventory. In line with MarketBeat, Citigroup has a consensus score of “Average Purchase” and a median goal value of $68.06.
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About Citigroup
Citigroup Inc, a diversified monetary service holding firm, gives numerous monetary product and providers to customers, firms, governments, and establishments worldwide. It operates by way of 5 segments: Providers, Markets, Banking, U.S. Private Banking, and Wealth. The Providers section consists of Treasury and Commerce Options, which gives money administration, commerce, and dealing capital options to multinational firms, monetary establishments, and public sector organizations; and Securities Providers, equivalent to cross-border help for shoppers, native market experience, post-trade applied sciences, information options, and numerous securities providers options.
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