Greenleaf Trust Purchases 6,976 Shares of Citigroup Inc (NYSE:C)

Greenleaf Trust grew its position in Citigroup Inc (NYSE:C) by 4.6% in the second quarter, Holdings Channel reports. The fund owned 158,975 shares of the financial services provider’s stock after acquiring an additional 6,976 shares during the quarter. Citigroup accounts for 0.2% of Greenleaf Trust’s portfolio, making the stock its 27th largest holding. Greenleaf Trust’s holdings in Citigroup were worth $11,133,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC raised its position in Citigroup by 4.1% during the 4th quarter. Geode Capital Management LLC now owns 30,039,886 shares of the financial services provider’s stock worth $1,561,201,000 after purchasing an additional 1,187,619 shares during the last quarter. Norges Bank bought a new position in Citigroup during the 4th quarter worth $1,383,526,000. Dimensional Fund Advisors LP raised its position in Citigroup by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 17,392,544 shares of the financial services provider’s stock worth $905,481,000 after purchasing an additional 239,599 shares during the last quarter. Artisan Partners Limited Partnership raised its position in Citigroup by 1.1% during the 1st quarter. Artisan Partners Limited Partnership now owns 11,033,376 shares of the financial services provider’s stock worth $686,497,000 after purchasing an additional 124,374 shares during the last quarter. Finally, Sanders Capital LLC raised its position in Citigroup by 2.5% during the 2nd quarter. Sanders Capital LLC now owns 10,354,948 shares of the financial services provider’s stock worth $818,349,000 after purchasing an additional 251,300 shares during the last quarter. Institutional investors own 76.05% of the company’s stock.

C stock opened at $67.61 on Friday. The stock has a 50-day simple moving average of $70.16. Citigroup Inc has a 1-year low of $48.42 and a 1-year high of $75.24. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $158.06 billion, a price-to-earnings ratio of 10.17, a PEG ratio of 0.74 and a beta of 1.76.

Citigroup (NYSE:C) last posted its quarterly earnings data on Monday, July 15th. The financial services provider reported $1.95 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $18.76 billion during the quarter, compared to analyst estimates of $18.49 billion. During the same period last year, the company posted $1.63 EPS. The business’s quarterly revenue was up 1.6% on a year-over-year basis. On average, equities analysts forecast that Citigroup Inc will post 7.55 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Monday, August 5th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Friday, August 2nd. This is an increase from Citigroup’s previous quarterly dividend of $0.45. This represents a $2.04 annualized dividend and a dividend yield of 3.02%. Citigroup’s dividend payout ratio (DPR) is currently 27.07%.

Several research analysts recently issued reports on C shares. Morgan Stanley raised their target price on Citigroup from $76.00 to $81.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. Keefe, Bruyette & Woods raised Citigroup from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $74.00 to $86.00 in a research report on Friday, July 26th. JPMorgan Chase & Co. raised their target price on Citigroup from $75.00 to $77.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 9th. Goldman Sachs Group raised Citigroup from a “neutral” rating to a “buy” rating and set a $64.51 target price for the company in a research report on Thursday, May 30th. Finally, Berenberg Bank set a $78.00 price objective on Citigroup and gave the stock a “buy” rating in a research report on Monday, June 17th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $79.57.

About Citigroup

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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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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