Balasa Dinverno & Foltz LLC grew its stake in shares of Citigroup Inc. (NYSE:C) by 4.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,032 shares of the financial services provider’s stock after acquiring an additional 690 shares during the quarter. Balasa Dinverno & Foltz LLC’s holdings in Citigroup were worth $1,239,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in C. Investors Asset Management of Georgia Inc. GA ADV grew its holdings in shares of Citigroup by 0.8% during the 2nd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 5,359 shares of the financial services provider’s stock worth $358,000 after purchasing an additional 40 shares during the period. Leisure Capital Management boosted its stake in shares of Citigroup by 1.6% in the second quarter. Leisure Capital Management now owns 3,763 shares of the financial services provider’s stock valued at $252,000 after buying an additional 59 shares in the last quarter. Regal Investment Advisors LLC boosted its position in Citigroup by 2.0% during the first quarter. Regal Investment Advisors LLC now owns 3,800 shares of the financial services provider’s stock worth $227,000 after purchasing an additional 74 shares in the last quarter. Halbert Hargrove Russell LLC raised its holdings in shares of Citigroup by 1.6% in the second quarter. Halbert Hargrove Russell LLC now owns 4,736 shares of the financial services provider’s stock worth $317,000 after acquiring an additional 74 shares during the last quarter. Finally, Usca Ria LLC increased its stake in Citigroup by 0.3% in the second quarter. Usca Ria LLC now owns 34,375 shares of the financial services provider’s stock valued at $2,299,000 after purchasing an additional 90 shares during the last quarter. 78.59% of the stock is currently owned by hedge funds and other institutional investors.
Citigroup Inc. (C) opened at $75.44 on Thursday. Citigroup Inc. has a one year low of $55.23 and a one year high of $77.92. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $202,371.91, a PE ratio of 14.75, a PEG ratio of 1.50 and a beta of 1.55.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Monday, November 6th were issued a $0.32 dividend. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.70%. Citigroup’s payout ratio is 24.66%.
A number of equities analysts have issued reports on C shares. Vetr raised Citigroup from a “hold” rating to a “buy” rating and set a $80.92 price target for the company in a research note on Monday. J P Morgan Chase & Co reiterated an “overweight” rating and set a $78.50 price objective (up from $77.50) on shares of Citigroup in a report on Friday, October 6th. BMO Capital Markets restated a “hold” rating and set a $65.00 target price on shares of Citigroup in a report on Friday, October 6th. Credit Suisse Group restated a “buy” rating and set a $83.00 target price (up from $73.00) on shares of Citigroup in a report on Monday, October 9th. They noted that the move was a valuation call. Finally, Stifel Nicolaus reaffirmed a “hold” rating on shares of Citigroup in a research report on Monday, October 9th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $75.83.
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Citigroup Company Profile
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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