Terra Nova Asset Management LLC decreased its stake in Citigroup Inc. (NYSE:C) by 29.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,900 shares of the financial services provider’s stock after selling 2,000 shares during the period. Terra Nova Asset Management LLC’s holdings in Citigroup were worth $208,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of C. Investors Asset Management of Georgia Inc. GA ADV boosted 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 in the last quarter. Pitcairn Co. boosted its position in Citigroup by 0.5% in the second quarter. Pitcairn Co. now owns 10,299 shares of the financial services provider’s stock valued at $437,000 after buying an additional 53 shares in the last quarter. Capital Investment Advisors LLC boosted its position in Citigroup by 0.4% in the first quarter. Capital Investment Advisors LLC now owns 17,518 shares of the financial services provider’s stock valued at $731,000 after buying an additional 67 shares in the last quarter. Sigma Planning Corp boosted its position in Citigroup by 1.0% in the second quarter. Sigma Planning Corp now owns 10,542 shares of the financial services provider’s stock valued at $447,000 after buying an additional 109 shares in the last quarter. Finally, Karpas Strategies LLC boosted its position in Citigroup by 0.3% in the second quarter. Karpas Strategies LLC now owns 42,554 shares of the financial services provider’s stock valued at $1,804,000 after buying an additional 129 shares in the last quarter. 71.41% of the stock is owned by institutional investors.
Citigroup Inc. (NYSE:C) traded up 0.08% during mid-day trading on Friday, hitting $47.15. The stock had a trading volume of 14,793,526 shares. The firm has a market cap of $136.99 billion, a PE ratio of 9.98 and a beta of 1.90. The company’s 50 day moving average price is $46.79 and its 200 day moving average price is $44.49. Citigroup Inc. has a 52 week low of $34.52 and a 52 week high of $56.46.
Citigroup (NYSE:C) last posted its quarterly earnings results on Friday, July 15th. The financial services provider reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.14. The company earned $17.55 billion during the quarter, compared to the consensus estimate of $17.47 billion. Citigroup had a return on equity of 7.24% and a net margin of 17.97%. The firm’s quarterly revenue was down 9.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.45 EPS. Analysts anticipate that Citigroup Inc. will post $4.62 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, August 26th. Stockholders of record on Monday, August 1st were paid a dividend of $0.16 per share. This is an increase from Citigroup’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Thursday, July 28th. This represents a $0.64 annualized dividend and a dividend yield of 1.36%. Citigroup’s dividend payout ratio is presently 13.59%.
Several research firms recently weighed in on C. Credit Agricole SA raised their target price on shares of Citigroup from $61.00 to $63.00 and gave the company a “buy” rating in a research note on Friday. Vetr raised shares of Citigroup from a “sell” rating to a “hold” rating and set a $46.48 target price for the company in a research note on Monday. Goldman Sachs Group Inc. cut shares of Citigroup from a “buy” rating to a “neutral” rating and decreased their target price for the company from $52.00 to $50.00 in a research note on Friday, September 16th. Societe Generale cut shares of Citigroup from a “hold” rating to a “sell” rating in a research note on Tuesday, September 13th. Finally, Nomura decreased their target price on shares of Citigroup from $57.00 to $55.00 and set a “buy” rating for the company in a research note on Wednesday, September 7th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seventeen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $55.62.
In other news, insider Joseph Michael Murray sold 8,122 shares of the stock in a transaction on Wednesday, July 20th. The stock was sold at an average price of $44.35, for a total transaction of $360,210.70. Following the completion of the transaction, the insider now owns 35,042 shares in the company, valued at approximately $1,554,112.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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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