Quantitative Investment Management LLC boosted its position in Citigroup Inc. (NYSE:C) by 86.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 706,200 shares of the company’s stock after buying an additional 327,400 shares during the period. Citigroup makes up approximately 0.7% of Quantitative Investment Management LLC’s portfolio, making the stock its 17th biggest position. Quantitative Investment Management LLC’s holdings in Citigroup were worth $47,230,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of the stock. Lazard Asset Management LLC increased its holdings in Citigroup by 109.5% during the 2nd quarter. Lazard Asset Management LLC now owns 9,292,727 shares of the company’s stock worth $621,497,000 after purchasing an additional 4,856,866 shares in the last quarter. Pring Turner Capital Group Inc. increased its holdings in Citigroup by 3.5% during the 2nd quarter. Pring Turner Capital Group Inc. now owns 43,562 shares of the company’s stock worth $2,913,000 after purchasing an additional 1,490 shares in the last quarter. Acrospire Investment Management LLC increased its holdings in Citigroup by 21.4% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the company’s stock worth $114,000 after purchasing an additional 300 shares in the last quarter. Investec Asset Management PTY Ltd increased its holdings in Citigroup by 34.7% during the 2nd quarter. Investec Asset Management PTY Ltd now owns 43,005 shares of the company’s stock worth $2,885,000 after purchasing an additional 11,070 shares in the last quarter. Finally, Artisan Partners Limited Partnership increased its holdings in Citigroup by 1.4% during the 2nd quarter. Artisan Partners Limited Partnership now owns 12,442,671 shares of the company’s stock worth $832,166,000 after purchasing an additional 169,473 shares in the last quarter. 78.15% of the stock is owned by institutional investors and hedge funds.
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A number of analysts have commented on C shares. Bank of America Corporation reissued a “neutral” rating on shares of Citigroup in a report on Wednesday, October 11th. Credit Suisse Group reissued an “outperform” rating and set a $76.00 price objective (up from $70.00) on shares of Citigroup in a report on Wednesday, July 26th. Wells Fargo & Company reissued a “buy” rating on shares of Citigroup in a report on Monday, October 2nd. Atlantic Securities reissued an “overweight” rating and set a $85.00 price objective (up from $75.00) on shares of Citigroup in a report on Tuesday, September 26th. Finally, Vetr lowered Citigroup from a “strong-buy” rating to a “buy” rating and set a $76.22 price objective for the company. in a report on Monday, July 31st. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of C$74.77.
Citigroup Inc. (NYSE C) opened at C$72.25 on Monday. The firm has a market cap of $191,029.14, a price-to-earnings ratio of 13.92, a PEG ratio of 1.42 and a beta of 1.57. Citigroup Inc. has a 1-year low of C$51.60 and a 1-year high of C$76.14. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.01 and a quick ratio of 1.01.
Citigroup (NYSE:C) last released its earnings results on Thursday, October 12th. The company reported C$1.42 EPS for the quarter, beating the Zacks’ consensus estimate of C$1.32 by C$0.10. The business had revenue of C$18.17 billion for the quarter, compared to analysts’ expectations of C$17.87 billion. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The firm’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.24 earnings per share. research analysts expect that Citigroup Inc. will post 5.29 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Monday, November 6th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 1.77%. Citigroup’s dividend payout ratio is presently 24.66%.
Citigroup Inc (Citi) is a financial services holding company. The Company’s whose 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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