Foundry Partners LLC Has $17,376,000 Position in Citigroup Inc. (C)
Foundry Partners LLC decreased its position in Citigroup Inc. (NYSE:C) by 18.7% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 367,895 shares of the financial services provider’s stock after selling 84,641 shares during the period. Citigroup accounts for approximately 0.9% of Foundry Partners LLC’s holdings, making the stock its 11th largest position. Foundry Partners LLC’s holdings in Citigroup were worth $17,376,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of the company. Cedar Wealth Management LLC boosted its stake in shares of Citigroup by 57.1% in the second quarter. Cedar Wealth Management LLC now owns 2,613 shares of the financial services provider’s stock valued at $111,000 after buying an additional 950 shares during the period. Signature Estate & Investment Advisors LLC acquired a new stake in shares of Citigroup during the second quarter valued at $116,000. First Personal Financial Services boosted its stake in shares of Citigroup by 160.3% in the second quarter. First Personal Financial Services now owns 3,361 shares of the financial services provider’s stock valued at $143,000 after buying an additional 2,070 shares during the period. Feltz Wealth PLAN Inc. acquired a new stake in shares of Citigroup during the second quarter valued at $155,000. Finally, Winslow Evans & Crocker Inc. boosted its stake in shares of Citigroup by 9.6% in the second quarter. Winslow Evans & Crocker Inc. now owns 3,674 shares of the financial services provider’s stock valued at $156,000 after buying an additional 321 shares during the period. Institutional investors own 72.52% of the company’s stock.
Citigroup Inc. (NYSE:C) traded up 0.14% during mid-day trading on Monday, hitting $55.54. 20,410,449 shares of the stock traded hands. The firm’s 50-day moving average is $50.36 and its 200 day moving average is $46.35. The firm has a market cap of $158.27 billion, a P/E ratio of 12.08 and a beta of 1.74. Citigroup Inc. has a 52-week low of $34.52 and a 52-week high of $55.99.
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 consensus estimate of $1.16 by $0.08. Citigroup had a net margin of 17.58% and a return on equity of 7.04%. The firm had revenue of $17.80 billion for the quarter, compared to analysts’ expectations of $17.32 billion. During the same quarter last year, the business earned $1.31 earnings per share. The business’s revenue was down 4.8% on a year-over-year basis. Equities analysts predict that Citigroup Inc. will post $4.70 EPS for the current fiscal year.
The company 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. This represents a $0.64 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Thursday, November 3rd. Citigroup’s dividend payout ratio is 13.91%.
Several brokerages have recently commented on C. Vetr cut shares of Citigroup from a “hold” rating to a “sell” rating and set a $47.03 target price for the company. in a research report on Tuesday, October 11th. Jefferies Group boosted their target price on shares of Citigroup from $54.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, October 10th. Finally, boosted their target price on shares of Citigroup from $61.00 to $63.00 and gave the company a “buy” rating in a research report on Friday, September 23rd. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and seventeen have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $53.47.
Citigroup Company Profile
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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