Gofen & Glossberg LLC IL raised its holdings in shares of Citigroup Inc (NYSE:C) by 0.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 286,508 shares of the financial services provider’s stock after acquiring an additional 342 shares during the quarter. Gofen & Glossberg LLC IL’s holdings in Citigroup were worth $17,827,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Ferguson Wellman Capital Management Inc. boosted its position in shares of Citigroup by 4.1% during the first quarter. Ferguson Wellman Capital Management Inc. now owns 337,034 shares of the financial services provider’s stock valued at $20,970,000 after buying an additional 13,183 shares during the period. DNB Asset Management AS boosted its holdings in shares of Citigroup by 27.6% in the first quarter. DNB Asset Management AS now owns 1,529,695 shares of the financial services provider’s stock valued at $95,178,000 after purchasing an additional 331,169 shares during the period. Trust Co. of Oklahoma boosted its holdings in shares of Citigroup by 11.3% in the first quarter. Trust Co. of Oklahoma now owns 36,542 shares of the financial services provider’s stock valued at $2,274,000 after purchasing an additional 3,707 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of Citigroup by 20,761.9% in the first quarter. Pacer Advisors Inc. now owns 197,771 shares of the financial services provider’s stock valued at $12,305,000 after purchasing an additional 196,823 shares during the period. Finally, Canton Hathaway LLC boosted its holdings in shares of Citigroup by 2.0% in the first quarter. Canton Hathaway LLC now owns 10,300 shares of the financial services provider’s stock valued at $640,000 after purchasing an additional 200 shares during the period. 71.28% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts recently commented on the stock. Zacks Investment Research downgraded shares of Citigroup from a “buy” rating to a “hold” rating in a research note on Thursday. Wells Fargo & Co set a $90.00 price target on Citigroup and gave the stock a “buy” rating in a research report on Friday, May 3rd. ValuEngine raised Citigroup from a “sell” rating to a “hold” rating in a research report on Thursday, April 18th. Morgan Stanley upped their price target on Citigroup from $76.00 to $81.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. Finally, UBS Group upped their price target on Citigroup from $78.00 to $83.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Five research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $80.29.
Citigroup (NYSE:C) last posted its earnings results on Monday, April 15th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.09. The business had revenue of $18.58 billion for the quarter, compared to analyst estimates of $18.56 billion. Citigroup had a net margin of 18.32% and a return on equity of 10.05%. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.68 EPS. On average, analysts anticipate that Citigroup Inc will post 7.6 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date is Friday, May 3rd. Citigroup’s dividend payout ratio is presently 27.07%.
In other Citigroup news, insider W. Bradford Hu sold 5,420 shares of the stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $64.27, for a total value of $348,343.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Whitaker sold 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $63.24, for a total transaction of $442,680.00. The disclosure for this sale can be found here. Insiders sold a total of 42,420 shares of company stock worth $2,870,923 over the last ninety days. 0.09% of the stock is currently owned by corporate insiders.
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Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
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