Quattro Financial Advisors LLC decreased its position in shares of Citigroup Inc (NYSE:C) by 11.6% in the second quarter, HoldingsChannel reports. The firm owned 43,117 shares of the financial services provider’s stock after selling 5,673 shares during the quarter. Citigroup accounts for 1.0% of Quattro Financial Advisors LLC’s portfolio, making the stock its 19th biggest position. Quattro Financial Advisors LLC’s holdings in Citigroup were worth $3,096,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in 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 acquiring an additional 1,187,619 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Citigroup by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 17,392,544 shares of the financial services provider’s stock valued at $905,481,000 after acquiring an additional 239,599 shares during the period. Artisan Partners Limited Partnership lifted its holdings in Citigroup by 1.1% in the first quarter. Artisan Partners Limited Partnership now owns 11,033,376 shares of the financial services provider’s stock valued at $686,497,000 after acquiring an additional 124,374 shares during the period. Sanders Capital LLC lifted its holdings in Citigroup by 2.5% in the second quarter. Sanders Capital LLC now owns 10,354,948 shares of the financial services provider’s stock valued at $818,349,000 after acquiring an additional 251,300 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its holdings in Citigroup by 7.4% in the first quarter. Parametric Portfolio Associates LLC now owns 8,150,246 shares of the financial services provider’s stock valued at $507,108,000 after acquiring an additional 559,038 shares during the period. 76.02% of the stock is owned by hedge funds and other institutional investors.
Shares of C stock traded down $1.88 during midday trading on Wednesday, hitting $64.37. The company had a trading volume of 1,140,040 shares, compared to its average volume of 13,098,966. The stock has a 50 day simple moving average of $70.11. Citigroup Inc has a 52-week low of $48.42 and a 52-week high of $75.24. The firm has a market capitalization of $148.62 billion, a PE ratio of 9.68, a price-to-earnings-growth ratio of 0.73 and a beta of 1.76. 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 firm also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Monday, August 5th will be issued a $0.51 dividend. This is a boost from Citigroup’s previous quarterly dividend of $0.45. This represents a $2.04 annualized dividend and a dividend yield of 3.17%. The ex-dividend date is Friday, August 2nd. Citigroup’s dividend payout ratio (DPR) is currently 30.68%.
C has been the subject of a number of analyst reports. Zacks Investment Research downgraded Citigroup from a “buy” rating to a “hold” rating in a report on Thursday, May 9th. UBS Group upped their target price on Citigroup from $78.00 to $83.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. BMO Capital Markets downgraded Citigroup to a “hold” rating in a research note on Friday, July 26th. Berenberg Bank set a $78.00 target price on Citigroup and gave the stock a “buy” rating in a research note on Monday, June 17th. Finally, Keefe, Bruyette & Woods raised Citigroup from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $74.00 to $86.00 in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $79.57.
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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