Citigroup Inc. (C) Position Increased by Chevy Chase Trust Holdings Inc.
Chevy Chase Trust Holdings Inc. raised its position in shares of Citigroup Inc. (NYSE:C) by 5.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,286,586 shares of the financial services provider’s stock after buying an additional 159,146 shares during the period. Citigroup accounts for 0.8% of Chevy Chase Trust Holdings Inc.’s holdings, making the stock its 23rd largest position. Chevy Chase Trust Holdings Inc. owned about 0.11% of Citigroup worth $155,226,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in C. BNP Paribas Arbitrage SA boosted its position in shares of Citigroup by 6.5% in the second quarter. BNP Paribas Arbitrage SA now owns 12,083,668 shares of the financial services provider’s stock worth $206,341,000 after buying an additional 738,298 shares in the last quarter. Boston Advisors LLC bought a new stake in Citigroup during the second quarter worth approximately $10,755,000. Sanders Capital LLC boosted its stake in Citigroup by 0.6% in the second quarter. Sanders Capital LLC now owns 16,006,239 shares of the financial services provider’s stock worth $693,526,000 after buying an additional 89,414 shares in the last quarter. BlackRock Fund Advisors boosted its stake in Citigroup by 1.4% in the second quarter. BlackRock Fund Advisors now owns 34,452,658 shares of the financial services provider’s stock worth $1,460,448,000 after buying an additional 476,584 shares in the last quarter. Finally, Strs Ohio boosted its stake in Citigroup by 5.2% in the second quarter. Strs Ohio now owns 4,164,626 shares of the financial services provider’s stock worth $176,538,000 after buying an additional 206,512 shares in the last quarter. 72.41% of the stock is owned by institutional investors.
Shares of Citigroup Inc. (NYSE:C) opened at 55.46 on Friday. The stock has a 50 day moving average price of $48.92 and a 200 day moving average price of $45.95. Citigroup Inc. has a one year low of $34.52 and a one year high of $55.84. The firm has a market cap of $158.05 billion, a price-to-earnings ratio of 12.06 and a beta of 1.74.
Citigroup (NYSE:C) last issued its earnings results on Friday, October 14th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.08. Citigroup had a return on equity of 7.04% and a net margin of 17.58%. The business earned $17.80 billion during the quarter, compared to analysts’ expectations of $17.32 billion. During the same period in the prior year, the firm posted $1.31 EPS. Citigroup’s quarterly revenue was down 4.8% compared to the same quarter last year. On average, equities research analysts forecast that Citigroup Inc. will post $4.69 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 23rd. Stockholders of record on Monday, November 7th will be issued a $0.16 dividend. The ex-dividend date is Thursday, November 3rd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.15%. Citigroup’s payout ratio is presently 13.91%.
A number of research firms recently commented on C. Macquarie cut Citigroup from an “outperform” rating to a “neutral” rating and lifted their price objective for the stock from $55.45 to $57.00 in a research report on Friday. Vetr cut Citigroup from a “sell” rating to a “strong sell” rating and set a $48.79 price objective for the company. in a research report on Monday. Sanford C. Bernstein reiterated an “outperform” rating on shares of Citigroup in a research report on Tuesday, August 16th. Societe Generale cut Citigroup from a “hold” rating to a “sell” rating in a research report on Tuesday, September 13th. Finally, Jefferies Group reiterated a “buy” rating on shares of Citigroup in a research report on Monday, August 1st. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. Citigroup currently has a consensus rating of “Hold” and a consensus price target of $54.51.
Citigroup Inc (Citi) is a financial services holding company. The Company’s 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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