Victory Capital Management Inc. grew its position in shares of Citigroup Inc. (NYSE:C) by 5.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 77,014 shares of the financial services provider’s stock after buying an additional 3,850 shares during the period. Victory Capital Management Inc.’s holdings in Citigroup were worth $5,602,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the business. Investors Asset Management of Georgia Inc. GA ADV lifted its holdings in shares of Citigroup by 0.8% in 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 last quarter. Leisure Capital Management lifted its holdings in shares of Citigroup by 1.6% in the 2nd quarter. Leisure Capital Management now owns 3,763 shares of the financial services provider’s stock worth $252,000 after purchasing an additional 59 shares during the last quarter. Regal Investment Advisors LLC lifted its holdings in shares of Citigroup by 2.0% in the 1st 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 during the last quarter. Halbert Hargrove Russell LLC lifted its holdings in shares of Citigroup by 1.6% in the 2nd quarter. Halbert Hargrove Russell LLC now owns 4,736 shares of the financial services provider’s stock worth $317,000 after purchasing an additional 74 shares during the last quarter. Finally, Usca Ria LLC lifted its holdings in shares of Citigroup by 0.3% in the 2nd quarter. Usca Ria LLC now owns 34,375 shares of the financial services provider’s stock worth $2,299,000 after purchasing an additional 90 shares during the last quarter. 78.59% of the stock is currently owned by institutional investors.
C has been the topic of several recent research reports. Bank of America reissued a “neutral” rating on shares of Citigroup in a report on Wednesday, October 11th. Wells Fargo & Company reissued a “buy” rating on shares of Citigroup in a report on Monday, October 2nd. Keefe, Bruyette & Woods raised their price target on Citigroup from $80.00 to $87.00 and gave the stock an “outperform” rating in a report on Thursday. Atlantic Securities reissued an “overweight” rating and issued a $85.00 price target (up previously from $75.00) on shares of Citigroup in a report on Tuesday, September 26th. Finally, BMO Capital Markets raised their price target on Citigroup from $65.00 to $67.00 and gave the stock a “market perform” rating in a report on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $76.54.
Citigroup (NYSE:C) last posted its earnings results on Thursday, October 12th. The financial services provider reported $1.42 EPS for the quarter, beating the consensus estimate of $1.32 by $0.10. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The firm had revenue of $18.17 billion for the quarter, compared to analysts’ expectations of $17.87 billion. During the same period last year, the firm earned $1.24 EPS. The firm’s revenue was up 2.3% compared to the same quarter last year. equities analysts anticipate that Citigroup Inc. will post 5.3 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Monday, November 6th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend was Friday, November 3rd. Citigroup’s dividend payout ratio (DPR) 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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