Optimum Investment Advisors purchased a new stake in Citigroup Inc. (NYSE:C) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,970 shares of the financial services provider’s stock, valued at approximately $266,000.
Several other large investors also recently bought and sold shares of C. Catamount Wealth Management acquired a new stake in shares of Citigroup in the second quarter valued at approximately $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its holdings in shares of Citigroup by 206.0% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 1,030 shares during the last quarter. Patten Group Inc. increased its stake in Citigroup by 6.6% during the first quarter. Patten Group Inc. now owns 1,765 shares of the financial services provider’s stock worth $105,000 after acquiring an additional 110 shares during the last quarter. Dubuque Bank & Trust Co. increased its stake in Citigroup by 60.8% during the second quarter. Dubuque Bank & Trust Co. now owns 1,584 shares of the financial services provider’s stock worth $106,000 after acquiring an additional 599 shares during the last quarter. Finally, Acrospire Investment Management LLC increased its stake in Citigroup by 21.4% during the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 300 shares during the last quarter. 77.98% of the stock is owned by hedge funds and other institutional investors.
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Shares of Citigroup Inc. (NYSE C) opened at $72.26 on Thursday. The stock has a market capitalization of $191,372.86, a PE ratio of 13.95, a price-to-earnings-growth ratio of 1.42 and a beta of 1.57. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.11. Citigroup Inc. has a fifty-two week low of $55.23 and a fifty-two week high of $76.14.
Citigroup (NYSE:C) last announced its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.10. The company had revenue of $18.17 billion during the quarter, compared to the consensus estimate of $17.87 billion. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. Citigroup’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.24 EPS. sell-side analysts predict that Citigroup Inc. will post 5.31 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Monday, November 6th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend was Friday, November 3rd. Citigroup’s dividend payout ratio (DPR) is 24.66%.
C has been the subject of several recent analyst reports. Bank of America Corporation reissued a “neutral” rating on shares of Citigroup in a research note on Wednesday, October 11th. Credit Suisse Group reissued an “outperform” rating and set a $76.00 target price (up previously from $70.00) on shares of Citigroup in a research note on Wednesday, July 26th. Wells Fargo & Company reissued a “buy” rating on shares of Citigroup in a research note on Monday, October 2nd. Atlantic Securities reissued an “overweight” rating and set a $85.00 target price (up previously from $75.00) on shares of Citigroup in a research note on Tuesday, September 26th. Finally, Vetr cut Citigroup from a “strong-buy” rating to a “buy” rating and set a $76.22 target price for the company. in a research note on Monday, July 31st. One analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $75.61.
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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