LSV Asset Management raised its position in shares of Citigroup Inc. (NYSE:C) by 0.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,818,084 shares of the financial services provider’s stock after buying an additional 3,776 shares during the period. Citigroup makes up approximately 1.1% of LSV Asset Management’s holdings, making the stock its 13th largest position. LSV Asset Management owned approximately 0.44% of Citigroup worth $543,358,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. RPg Family Wealth Advisory LLC raised its position 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 worth $122,000 after buying an additional 1,426 shares during the last quarter. Winslow Evans & Crocker Inc. raised its position in Citigroup by 9.6% in the second quarter. Winslow Evans & Crocker Inc. now owns 3,674 shares of the financial services provider’s stock worth $156,000 after buying an additional 321 shares during the last quarter. Kistler Tiffany Companies LLC raised its position in Citigroup by 26.1% in the second quarter. Kistler Tiffany Companies LLC now owns 4,589 shares of the financial services provider’s stock worth $195,000 after buying an additional 950 shares during the last quarter. Davis R M Inc. purchased a new position in Citigroup during the second quarter worth $208,000. Finally, Signaturefd LLC raised its position in Citigroup by 48.7% in the second quarter. Signaturefd LLC now owns 5,019 shares of the financial services provider’s stock worth $213,000 after buying an additional 1,644 shares during the last quarter. 71.41% of the stock is owned by institutional investors and hedge funds.
Citigroup Inc. (NYSE:C) traded up 0.51% during trading on Thursday, reaching $47.14. 12,287,483 shares of the company’s stock were exchanged. The stock has a market capitalization of $136.96 billion, a PE ratio of 9.98 and a beta of 1.90. The stock has a 50-day moving average of $46.60 and a 200-day moving average of $44.43. Citigroup Inc. has a 52 week low of $34.52 and a 52 week high of $56.46.
Citigroup (NYSE:C) last released 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 firm had revenue of $17.55 billion for the quarter, compared to analyst estimates of $17.47 billion. During the same period in the prior year, the firm earned $1.45 earnings per share. The business’s quarterly revenue was down 9.9% compared to the same quarter last year. On average, equities research analysts anticipate that Citigroup Inc. will post $4.62 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, August 26th. Investors of record on Monday, August 1st were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.36%. This is a positive change from Citigroup’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Thursday, July 28th. Citigroup’s dividend payout ratio is presently 13.59%.
A number of equities analysts recently weighed in on the stock. Vetr lowered shares of Citigroup from a “strong-buy” rating to a “buy” rating and set a $47.21 target price for the company. in a research report on Monday, July 11th. Deutsche Bank AG restated a “hold” rating on shares of Citigroup in a research report on Wednesday, June 15th. Jefferies Group restated a “buy” rating on shares of Citigroup in a research report on Monday, August 1st. Oppenheimer Holdings Inc. restated an “outperform” rating and set a $63.00 target price (down previously from $70.00) on shares of Citigroup in a research report on Wednesday, July 6th. Finally, Berenberg Bank assumed coverage on shares of Citigroup in a research report on Wednesday, July 13th. They set a “buy” rating and a $50.00 target price for the company. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and sixteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $55.24.
In related news, insider Joseph Michael Murray sold 8,122 shares of the company’s stock in a transaction that occurred on Wednesday, July 20th. The stock was sold at an average price of $44.35, for a total value of $360,210.70. Following the completion of the transaction, the insider now directly owns 35,042 shares of the company’s stock, valued at $1,554,112.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.13% of the company’s stock.
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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