CenturyLink Investment Management Co Has $1,857,000 Position in Citigroup Inc. (C)
CenturyLink Investment Management Co held its stake in shares of Citigroup Inc. (NYSE:C) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,316 shares of the financial services provider’s stock at the end of the third quarter. CenturyLink Investment Management Co’s holdings in Citigroup were worth $1,857,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Webster Bank N. A. boosted its stake 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 period. Trust Co boosted its stake 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 period. Stillwater Investment Management LLC boosted its stake 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 period. Exxonmobil Investment Management Inc. TX boosted its stake 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 period. Finally, CHICAGO TRUST Co NA boosted its stake 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 period. 70.81% of the stock is currently owned by institutional investors.
Citigroup Inc. (NYSE:C) traded down 2.31% during mid-day trading on Monday, hitting $55.47. 23,645,006 shares of the stock traded hands. Citigroup Inc. has a 12 month low of $34.52 and a 12 month high of $56.83. The company has a market cap of $158.07 billion, a P/E ratio of 12.06 and a beta of 1.74. The company’s 50 day moving average is $51.32 and its 200 day moving average is $46.71.
Citigroup (NYSE:C) last released its quarterly earnings data on Friday, October 14th. The financial services provider reported $1.24 earnings per share for the quarter, beating 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 earned $17.80 billion during the quarter, compared to analysts’ expectations of $17.32 billion. During the same period in the previous year, the company earned $1.31 earnings per share. The firm’s quarterly revenue was down 4.8% on a year-over-year basis. On average, analysts expect that Citigroup Inc. will post $4.70 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 23rd. Stockholders of record on Monday, November 7th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, November 3rd. This represents a $0.64 annualized dividend and a dividend yield of 1.15%. Citigroup’s payout ratio is 13.91%.
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C has been the topic of a number of research analyst reports. Vetr cut shares of Citigroup from a “sell” rating to a “strong sell” rating and set a $48.79 price target on the stock. in a research report on Monday, November 21st. Jefferies Group increased their price objective on shares of Citigroup from $54.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, October 10th. increased their price objective on shares of Citigroup from $61.00 to $63.00 and gave the stock a “buy” rating in a research report on Friday, September 23rd. Nomura cut their price objective on shares of Citigroup from $57.00 to $55.00 and set a “buy” rating on the stock in a research report on Wednesday, September 7th. Finally, Goldman Sachs Group Inc. cut shares of Citigroup from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $52.00 to $50.00 in a research report on Friday, September 16th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $54.75.
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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