Deltec Asset Management LLC cut its stake in shares of Citigroup Inc. (NYSE:C) by 35.9% during the second quarter, Holdings Channel reports. The fund owned 150,630 shares of the financial services provider’s stock after selling 84,261 shares during the period. Citigroup makes up 1.6% of Deltec Asset Management LLC’s portfolio, making the stock its 17th largest position. Deltec Asset Management LLC’s holdings in Citigroup were worth $6,385,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the stock. RPg Family Wealth Advisory LLC increased its stake in Citigroup by 95.1% in the first quarter. RPg Family Wealth Advisory LLC now owns 2,926 shares of the financial services provider’s stock valued at $122,000 after buying an additional 1,426 shares during the period. Winslow Evans & Crocker Inc. increased its position in shares of Citigroup by 9.6% in the second quarter. Winslow Evans & Crocker Inc. now owns 3,674 shares of the financial services provider’s stock valued at $156,000 after buying an additional 321 shares during the last quarter. Kistler Tiffany Companies LLC increased its position in shares of Citigroup by 26.1% in the second quarter. Kistler Tiffany Companies LLC now owns 4,589 shares of the financial services provider’s stock valued at $195,000 after buying an additional 950 shares during the last quarter. Davis R M Inc. bought a new position in shares of Citigroup during the second quarter valued at approximately $208,000. Finally, Investors Asset Management of Georgia Inc. GA ADV increased its position in shares of Citigroup by 0.8% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 5,434 shares of the financial services provider’s stock valued at $230,000 after buying an additional 43 shares during the last quarter. Institutional investors own 71.41% of the company’s stock.
Shares of Citigroup Inc. (NYSE:C) traded up 0.08% during trading on Friday, hitting $47.15. The stock had a trading volume of 14,793,526 shares. The stock has a 50 day moving average of $46.79 and a 200 day moving average of $44.49. The firm has a market cap of $136.99 billion, a PE ratio of 9.98 and a beta of 1.90. Citigroup Inc. has a 52-week low of $34.52 and a 52-week high of $56.46.
Citigroup (NYSE:C) last posted its earnings results on Friday, July 15th. The financial services provider reported $1.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.14. Citigroup had a net margin of 17.97% and a return on equity of 7.24%. The company earned $17.55 billion during the quarter, compared to analyst estimates of $17.47 billion. During the same period in the prior year, the business posted $1.45 earnings per share. Citigroup’s revenue for the quarter was down 9.9% on a year-over-year basis. On average, equities analysts anticipate that Citigroup Inc. will post $4.62 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 26th. Shareholders of record on Monday, August 1st were issued a $0.16 dividend. The ex-dividend date of this dividend was Thursday, July 28th. This is a positive change from Citigroup’s previous quarterly dividend of $0.05. This represents a $0.64 annualized dividend and a yield of 1.36%. Citigroup’s dividend payout ratio (DPR) is 13.59%.
Several research analysts have commented on C shares. Drexel Hamilton reaffirmed a “buy” rating and set a $65.00 target price on shares of Citigroup in a report on Monday, July 18th. Vetr raised Citigroup from a “buy” rating to a “strong-buy” rating and set a $47.21 target price on the stock in a report on Tuesday, July 5th. TheStreet raised Citigroup from a “hold” rating to a “buy” rating in a report on Tuesday, August 23rd. Nomura reaffirmed a “buy” rating and set a $57.00 target price (down from $62.00) on shares of Citigroup in a report on Monday, July 18th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Citigroup in a report on Tuesday, August 16th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seventeen have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $55.62.
In other Citigroup news, insider Joseph Michael Murray sold 8,122 shares of the firm’s stock in a transaction dated Wednesday, July 20th. The shares were sold at an average price of $44.35, for a total value of $360,210.70. Following the completion of the sale, the insider now directly owns 35,042 shares in the company, valued at $1,554,112.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is currently owned by company insiders.
Citigroup Company Profile
Citigroup Inc (Citi) is a financial services holding company. The Company’s businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.
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