Capital Investment Advisors LLC lowered its holdings in shares of Citigroup Inc (NYSE:C) by 0.5% during the second quarter, Holdings Channel reports. The institutional investor owned 75,091 shares of the financial services provider’s stock after selling 358 shares during the quarter. Capital Investment Advisors LLC’s holdings in Citigroup were worth $5,259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Winthrop Advisory Group LLC raised its holdings in shares of Citigroup by 9.4% in the second quarter. Winthrop Advisory Group LLC now owns 5,202 shares of the financial services provider’s stock valued at $364,000 after buying an additional 446 shares during the last quarter. Foster & Motley Inc. raised its holdings in shares of Citigroup by 29.7% in the second quarter. Foster & Motley Inc. now owns 10,996 shares of the financial services provider’s stock valued at $770,000 after buying an additional 2,516 shares during the last quarter. Beach Investment Management LLC. bought a new position in shares of Citigroup in the second quarter valued at about $784,000. Atwood & Palmer Inc. raised its holdings in shares of Citigroup by 0.3% in the second quarter. Atwood & Palmer Inc. now owns 233,339 shares of the financial services provider’s stock valued at $16,341,000 after buying an additional 771 shares during the last quarter. Finally, Beach Investment Counsel Inc. PA raised its holdings in Citigroup by 46.2% during the 2nd quarter. Beach Investment Counsel Inc. PA now owns 175,191 shares of the financial services provider’s stock worth $12,269,000 after purchasing an additional 55,336 shares during the last quarter. Hedge funds and other institutional investors own 76.04% of the company’s stock.
Shares of C stock traded up $1.04 on Friday, reaching $72.43. The company had a trading volume of 450,003 shares, compared to its average volume of 11,995,690. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $166.46 billion, a PE ratio of 10.90, a PEG ratio of 0.79 and a beta of 1.74. The stock’s 50-day simple moving average is $69.49. Citigroup Inc has a 12 month low of $48.42 and a 12 month high of $75.24.
Citigroup (NYSE:C) last announced 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. The company had revenue of $18.76 billion during the quarter, compared to analysts’ expectations of $18.49 billion. Citigroup had a return on equity of 10.10% and a net margin of 18.24%. Citigroup’s revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.63 EPS. Analysts anticipate that Citigroup Inc will post 7.55 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Monday, August 5th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Friday, August 2nd. This is a boost from Citigroup’s previous quarterly dividend of $0.45. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.82%. Citigroup’s dividend payout ratio is 27.07%.
Several brokerages have weighed in on C. ValuEngine cut Acceleron Pharma from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 18th. BMO Capital Markets set a $76.00 price objective on Gilead Sciences and gave the stock a “buy” rating in a report on Monday, July 15th. Barclays cut Barrick Gold from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $15.00 to $18.00 in a report on Tuesday, July 16th. Morgan Stanley cut GasLog Partners LP Unit from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $23.00 to $18.00 in a report on Tuesday, April 16th. Finally, Keefe, Bruyette & Woods raised Goldman Sachs Group from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $225.00 to $260.00 in a report on Friday. Four investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $79.57.
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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