MRA Associates USA LLC Purchases Shares of 484 Citigroup Inc (NYSE:C)

MRA Associates USA LLC purchased a new stake in shares of Citigroup Inc (NYSE:C) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 484 shares of the financial services provider’s stock, valued at approximately $34,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Personal Wealth Partners bought a new position in shares of Citigroup in the second quarter worth approximately $27,000. LFA Lugano Financial Advisors SA bought a new position in shares of Citigroup in the first quarter worth approximately $27,000. Mcmillion Capital Management Inc. bought a new position in shares of Citigroup in the second quarter worth approximately $31,000. Harvest Group Wealth Management LLC bought a new position in shares of Citigroup in the first quarter worth approximately $28,000. Finally, Bray Capital Advisors grew its holdings in shares of Citigroup by 257.4% in the second quarter. Bray Capital Advisors now owns 486 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 350 shares during the last quarter. Institutional investors and hedge funds own 76.78% of the company’s stock.

Shares of NYSE C traded down $0.63 during mid-day trading on Friday, reaching $63.28. 658,194 shares of the company were exchanged, compared to its average volume of 15,203,326. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.40. The stock has a market cap of $143.27 billion, a price-to-earnings ratio of 9.49, a P/E/G ratio of 0.69 and a beta of 1.76. Citigroup Inc has a 1 year low of $48.42 and a 1 year high of $75.24. The firm has a 50-day moving average of $68.67 and a 200 day moving average of $66.42.

Citigroup (NYSE:C) last released its quarterly earnings results on Monday, July 15th. The financial services provider reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.17. Citigroup had a return on equity of 10.10% and a net margin of 18.24%. The company had revenue of $18.76 billion during the quarter, compared to analysts’ expectations of $18.49 billion. During the same period last year, the business posted $1.63 earnings per share. The firm’s revenue was up 1.6% compared to the same quarter last year. On average, equities analysts forecast that Citigroup Inc will post 7.55 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Investors 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 yield of 3.22%. This is a positive change 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 (DPR) is 30.68%.

C has been the topic of several recent analyst reports. Zacks Investment Research cut shares of Citigroup from a “buy” rating to a “hold” rating in a report on Thursday, May 9th. Goldman Sachs Group upgraded shares of Citigroup from a “neutral” rating to a “buy” rating and set a $64.51 target price on the stock in a report on Thursday, May 30th. ValuEngine cut shares of Citigroup from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Wells Fargo & Co set a $85.00 target price on shares of Citigroup and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Citigroup from $75.00 to $77.00 and gave the company an “overweight” rating in a report on Tuesday, July 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have assigned a buy rating to the stock. Citigroup presently has a consensus rating of “Buy” and a consensus price target of $79.12.

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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