SOL Capital Management CO decreased its position in Citigroup Inc (NYSE:C) by 10.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,228 shares of the financial services provider’s stock after selling 4,590 shares during the quarter. SOL Capital Management CO’s holdings in Citigroup were worth $2,887,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. LFA Lugano Financial Advisors SA bought a new position in Citigroup during the first quarter valued at about $27,000. Harvest Group Wealth Management LLC bought a new position in Citigroup during the first quarter worth about $28,000. Centaurus Financial Inc. boosted its position in Citigroup by 95.1% during the first quarter. Centaurus Financial Inc. now owns 1,713 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 835 shares during the period. Avestar Capital LLC boosted its position in Citigroup by 35.0% during the first quarter. Avestar Capital LLC now owns 610 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 158 shares during the period. Finally, Farmers National Bank bought a new position in Citigroup during the first quarter worth about $34,000. Hedge funds and other institutional investors own 76.04% of the company’s stock.
C traded up $0.97 on Friday, reaching $72.36. The company had a trading volume of 5,181,779 shares, compared to its average volume of 11,995,690. The business has a 50 day moving average of $69.49. The stock has a market capitalization of $166.46 billion, a P/E ratio of 10.88, a price-to-earnings-growth ratio of 0.79 and a beta of 1.74. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.01 and a current ratio of 1.01. Citigroup Inc has a 52-week low of $48.42 and a 52-week high of $75.24.
Citigroup (NYSE:C) last announced its earnings results on Monday, July 15th. The financial services provider reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.17. The business had revenue of $18.76 billion for the quarter, compared to the consensus estimate of $18.49 billion. Citigroup had a net margin of 18.24% and a return on equity of 10.10%. Citigroup’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period last year, the firm posted $1.63 earnings per share. On average, equities analysts expect that Citigroup Inc will post 7.55 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Monday, August 5th will be given a dividend of $0.51 per share. 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 yield of 2.82%. The ex-dividend date of this dividend is Friday, August 2nd. Citigroup’s dividend payout ratio (DPR) is presently 27.07%.
A number of equities research analysts have recently issued reports on the stock. Berenberg Bank downgraded shares of to a “hold” rating and lowered their price target for the stock from GBX 283 ($3.70) to GBX 103 ($1.35) in a report on Monday, June 17th. Keefe, Bruyette & Woods raised shares of Goldman Sachs Group from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $225.00 to $260.00 in a report on Friday. UBS Group lowered their price target on shares of Spotify from $182.00 to $180.00 and set a “buy” rating on the stock in a report on Tuesday, April 16th. BMO Capital Markets set a $76.00 price target on shares of Gilead Sciences and gave the stock a “buy” rating in a report on Monday, July 15th. Finally, HSBC reissued a “hold” rating on shares of Societe Generale in a report on Thursday, April 4th. Four analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $79.57.
Citigroup Company Profile
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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