O Shaughnessy Asset Management LLC increased its holdings in shares of Citigroup Inc (NYSE:C) by 2.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,084,204 shares of the financial services provider’s stock after purchasing an additional 53,016 shares during the quarter. Citigroup makes up about 3.0% of O Shaughnessy Asset Management LLC’s investment portfolio, making the stock its 3rd biggest holding. O Shaughnessy Asset Management LLC owned 0.08% of Citigroup worth $148,978,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in C. Titus Wealth Management acquired a new position in shares of Citigroup in the 3rd quarter worth approximately $178,000. Quadrant Private Wealth Management LLC lifted its position in shares of Citigroup by 16.6% in the 3rd quarter. Quadrant Private Wealth Management LLC now owns 7,862 shares of the financial services provider’s stock worth $564,000 after purchasing an additional 1,120 shares during the period. Regal Investment Advisors LLC lifted its position in shares of Citigroup by 17.8% in the 3rd quarter. Regal Investment Advisors LLC now owns 5,619 shares of the financial services provider’s stock worth $403,000 after purchasing an additional 849 shares during the period. Cannell Peter B & Co. Inc. bought a new stake in shares of Citigroup in the 3rd quarter valued at $5,737,000. Finally, Wagner Wealth Management LLC increased its stake in shares of Citigroup by 42.9% in the 3rd quarter. Wagner Wealth Management LLC now owns 4,256 shares of the financial services provider’s stock valued at $305,000 after acquiring an additional 1,277 shares in the last quarter. Institutional investors and hedge funds own 72.79% of the company’s stock.
C has been the subject of a number of recent research reports. BMO Capital Markets boosted their price target on shares of Citigroup to $92.00 and gave the company a “market perform” rating in a research note on Monday, October 15th. Wolfe Research initiated coverage on shares of Citigroup in a research note on Tuesday, September 25th. They issued an “outperform” rating for the company. ValuEngine downgraded shares of Citigroup from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Deutsche Bank boosted their price target on shares of Citigroup from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, September 27th. Finally, Wells Fargo & Co set a $100.00 price objective on shares of Citigroup and gave the company a “buy” rating in a report on Monday, August 27th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and fifteen have given a buy rating to the stock. Citigroup currently has an average rating of “Buy” and a consensus price target of $82.66.
Citigroup (NYSE:C) last issued its quarterly earnings results on Friday, October 12th. The financial services provider reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.07. The business had revenue of $18.39 billion for the quarter, compared to analysts’ expectations of $18.43 billion. Citigroup had a negative net margin of 4.81% and a positive return on equity of 9.42%. During the same period last year, the business earned $1.42 earnings per share. As a group, equities analysts expect that Citigroup Inc will post 6.69 earnings per share for the current fiscal year.
The firm also recently declared 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 yield of 2.76%. The ex-dividend date was Friday, November 2nd. Citigroup’s payout ratio is 33.77%.
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Citigroup Company Profile
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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