Oakbrook Investments LLC increased its position in Citigroup Inc. (NYSE:C) by 19.5% during the second quarter, Holdings Channel reports. The institutional investor owned 248,840 shares of the financial services provider’s stock after buying an additional 40,600 shares during the period. Oakbrook Investments LLC’s holdings in Citigroup were worth $10,548,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. RPg Family Wealth Advisory LLC raised its stake in shares of 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 in the last quarter. Winslow Evans & Crocker Inc. raised its stake 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 worth $156,000 after buying an additional 321 shares in the last quarter. Kistler Tiffany Companies LLC raised its stake 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 worth $195,000 after buying an additional 950 shares in the last quarter. Davis R M Inc. bought a new stake in shares of Citigroup during the second quarter worth $208,000. Finally, Investors Asset Management of Georgia Inc. GA ADV raised its stake 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 worth $230,000 after buying an additional 43 shares in the last quarter. 71.41% of the stock is owned by institutional investors.
Shares of Citigroup Inc. (NYSE:C) traded up 0.08% during trading on Friday, hitting $47.15. 14,793,526 shares of the stock were exchanged. The firm’s 50-day moving average is $46.79 and its 200 day moving average is $44.49. Citigroup Inc. has a 1-year low of $34.52 and a 1-year high of $56.46. The company has a market cap of $136.99 billion, a P/E ratio of 9.98 and a beta of 1.90.
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, beating the 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 business earned $17.55 billion during the quarter, compared to analysts’ expectations of $17.47 billion. During the same period last year, the business earned $1.45 earnings per share. The firm’s revenue was down 9.9% on a year-over-year basis. Equities analysts forecast that Citigroup Inc. will post $4.62 earnings per share for the current fiscal 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 $0.16 dividend. The ex-dividend date was Thursday, July 28th. This is a boost from Citigroup’s previous quarterly dividend of $0.05. This represents a $0.64 annualized dividend and a dividend yield of 1.36%. Citigroup’s dividend payout ratio (DPR) is currently 13.59%.
A number of research firms recently commented on C. Credit Suisse Group AG reiterated a “buy” rating on shares of Citigroup in a report on Saturday, July 9th. Jefferies Group reiterated a “buy” rating on shares of Citigroup in a report on Sunday, July 10th. Deutsche Bank AG reiterated a “hold” rating on shares of Citigroup in a report on Sunday, June 26th. Vetr downgraded shares of Citigroup from a “strong-buy” rating to a “buy” rating and set a $47.21 target price on the stock. in a report on Monday, July 11th. Finally, Barclays PLC reiterated a “buy” rating on shares of Citigroup in a report on Monday, July 18th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. Citigroup has a consensus rating of “Buy” and an average target price of $55.62.
In related news, insider Joseph Michael Murray sold 8,122 shares of the firm’s stock in a transaction on 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 transaction, the insider now directly owns 35,042 shares of the company’s stock, valued at $1,554,112.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is currently owned by corporate 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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