Citigroup Inc (C) Shares Bought by Synovus Financial Corp

Synovus Financial Corp increased its stake in shares of Citigroup Inc (NYSE:C) by 101.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 97,581 shares of the financial services provider’s stock after acquiring an additional 49,109 shares during the period. Synovus Financial Corp’s holdings in Citigroup were worth $7,097,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Catamount Wealth Management acquired a new stake in Citigroup in the 2nd quarter valued at $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in Citigroup by 206.0% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock valued at $102,000 after buying an additional 1,030 shares during the last quarter. Balentine LLC increased its stake in Citigroup by 20.2% in the 2nd quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock valued at $108,000 after buying an additional 272 shares during the last quarter. Acrospire Investment Management LLC increased its stake in Citigroup by 21.4% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock valued at $114,000 after buying an additional 300 shares during the last quarter. Finally, Shine Investment Advisory Services Inc. acquired a new stake in Citigroup in the 2nd quarter valued at $123,000. Institutional investors and hedge funds own 78.61% of the company’s stock.

C has been the topic of several recent research reports. Bank of America reiterated a “neutral” rating on shares of Citigroup in a research note on Wednesday, October 11th. Wells Fargo & Co reissued a “buy” rating on shares of Citigroup in a research report on Monday, October 2nd. Keefe, Bruyette & Woods lifted their price objective on shares of Citigroup from $80.00 to $87.00 and gave the company an “outperform” rating in a research report on Thursday, December 14th. Atlantic Securities reissued an “overweight” rating and issued a $85.00 price objective (up previously from $75.00) on shares of Citigroup in a research report on Tuesday, September 26th. Finally, Nomura set a $87.00 price objective on shares of Citigroup and gave the company a “buy” rating in a research report on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Citigroup presently has a consensus rating of “Buy” and a consensus target price of $79.30.

Shares of Citigroup Inc (NYSE C) opened at $78.30 on Monday. The company has a market cap of $201,230.98, a PE ratio of -25.26, a P/E/G ratio of 1.49 and a beta of 1.56. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.01 and a current ratio of 1.01. Citigroup Inc has a twelve month low of $55.23 and a twelve month high of $78.44.

Citigroup (NYSE:C) last announced its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, topping the consensus estimate of $1.19 by $0.09. The business had revenue of $17.26 billion during the quarter, compared to the consensus estimate of $17.23 billion. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.60%. Citigroup’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.14 EPS. analysts forecast that Citigroup Inc will post 6.33 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 5th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Friday, February 2nd. Citigroup’s payout ratio is -41.29%.

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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.

Institutional Ownership by Quarter for Citigroup (NYSE:C)

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