Roman Butler Fullerton & Co. decreased its holdings in Citigroup Inc (NYSE:C) by 4.5% in the 2nd quarter, HoldingsChannel reports. The firm owned 3,609 shares of the financial services provider’s stock after selling 169 shares during the quarter. Roman Butler Fullerton & Co.’s holdings in Citigroup were worth $253,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in C. Norges Bank acquired a new stake in shares of Citigroup in the fourth quarter valued at $1,383,526,000. CI Investments Inc. lifted its holdings in shares of Citigroup by 113.5% in the fourth quarter. CI Investments Inc. now owns 3,414,800 shares of the financial services provider’s stock valued at $177,774,000 after buying an additional 1,815,543 shares during the period. Thoroughbred Financial Services LLC lifted its holdings in shares of Citigroup by 7,838.5% in the second quarter. Thoroughbred Financial Services LLC now owns 1,554,605 shares of the financial services provider’s stock valued at $155,460,000 after buying an additional 1,535,022 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Citigroup by 106.2% in the first quarter. SG Americas Securities LLC now owns 84,439 shares of the financial services provider’s stock valued at $5,254,000 after buying an additional 1,456,722 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Citigroup by 4.1% in the fourth quarter. Geode Capital Management LLC now owns 30,039,886 shares of the financial services provider’s stock valued at $1,561,201,000 after buying an additional 1,187,619 shares during the period. 76.05% of the stock is owned by institutional investors.
Several analysts have recently weighed in on C shares. Morgan Stanley upped their price objective on Citigroup from $76.00 to $81.00 and gave the company an “overweight” rating in a report on Tuesday, April 16th. Zacks Investment Research lowered Citigroup from a “buy” rating to a “hold” rating in a report on Thursday, May 9th. BMO Capital Markets lowered Citigroup to a “hold” rating in a report on Friday, July 26th. Barclays upped their price objective on Citigroup from $83.00 to $86.00 and gave the company an “overweight” rating in a report on Tuesday, July 16th. Finally, Keefe, Bruyette & Woods upgraded Citigroup from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $74.00 to $86.00 in a report on Friday, July 26th. One analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have given a buy rating to the company. Citigroup presently has an average rating of “Buy” and an average target price of $79.57.
Citigroup (NYSE:C) last announced its earnings results on Monday, July 15th. The financial services provider reported $1.95 EPS for the quarter, beating the consensus estimate of $1.78 by $0.17. Citigroup had a return on equity of 10.10% and a net margin of 18.24%. The business had revenue of $18.76 billion during the quarter, compared to the consensus estimate of $18.49 billion. During the same period in the prior year, the business posted $1.63 earnings per share. Citigroup’s revenue was up 1.6% compared to the same quarter last year. As a group, equities analysts expect that Citigroup Inc will post 7.55 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Monday, August 5th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.04%. This is an increase from Citigroup’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Friday, August 2nd. Citigroup’s dividend payout ratio is currently 27.07%.
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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