Citigroup Inc. (C) Shares Sold by Eagle Asset Management Inc.
Eagle Asset Management Inc. reduced its position in shares of Citigroup Inc. (NYSE:C) by 5.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 861,057 shares of the financial services provider’s stock after selling 54,345 shares during the period. Eagle Asset Management Inc.’s holdings in Citigroup were worth $40,667,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of C. Webster Bank N. A. increased its position in shares of Citigroup by 48.8% in the second quarter. Webster Bank N. A. now owns 10,030 shares of the financial services provider’s stock worth $425,000 after buying an additional 3,290 shares during the last quarter. Trust Co increased its position in shares of Citigroup by 12.9% in the first quarter. Trust Co now owns 40,375 shares of the financial services provider’s stock worth $1,685,000 after buying an additional 4,620 shares during the last quarter. Stillwater Investment Management LLC increased its position in shares of Citigroup by 2.9% in the second quarter. Stillwater Investment Management LLC now owns 30,496 shares of the financial services provider’s stock worth $1,293,000 after buying an additional 846 shares during the last quarter. Exxonmobil Investment Management Inc. TX increased its position in shares of Citigroup by 5.8% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 759,707 shares of the financial services provider’s stock worth $32,204,000 after buying an additional 41,912 shares during the last quarter. Finally, CHICAGO TRUST Co NA increased its position in shares of Citigroup by 5.0% in the second quarter. CHICAGO TRUST Co NA now owns 36,334 shares of the financial services provider’s stock worth $1,540,000 after buying an additional 1,744 shares during the last quarter. Institutional investors and hedge funds own 72.52% of the company’s stock.
Shares of Citigroup Inc. (NYSE:C) traded up 0.16% during mid-day trading on Friday, hitting $56.78. The company’s stock had a trading volume of 11,488,291 shares. Citigroup Inc. has a 1-year low of $34.52 and a 1-year high of $56.83. The company has a market cap of $161.81 billion, a price-to-earnings ratio of 12.35 and a beta of 1.74. The company has a 50-day moving average of $51.14 and a 200 day moving average of $46.59.
Citigroup (NYSE:C) last issued its quarterly earnings results on Friday, October 14th. The financial services provider reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.08. The company had revenue of $17.80 billion for the quarter, compared to analyst estimates of $17.32 billion. Citigroup had a return on equity of 7.04% and a net margin of 17.58%. The company’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.31 earnings per share. On average, analysts expect that Citigroup Inc. will post $4.70 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 23rd. Investors of record on Monday, November 7th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend was Thursday, November 3rd. Citigroup’s dividend payout ratio is currently 13.91%.
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Several research firms have recently issued reports on C. Vetr cut Citigroup from a “sell” rating to a “strong sell” rating and set a $48.79 price target for the company. in a research note on Monday, November 21st. Jefferies Group set a $36.00 price target on Citigroup and gave the stock a “buy” rating in a research note on Saturday, November 19th. Macquarie cut Citigroup from an “outperform” rating to a “neutral” rating and increased their price target for the stock from $55.45 to $57.00 in a research note on Friday, November 18th. Morgan Stanley raised Citigroup from an “equal weight” rating to an “overweight” rating in a research note on Monday, November 14th. Finally, Compass Point began coverage on Citigroup in a research note on Tuesday, October 11th. They issued a “sell” rating and a $39.00 price target for the company. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seventeen have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price 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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