Citigroup Inc. (C) Stake Boosted by Meyer Handelman Co.
Meyer Handelman Co. boosted its position in Citigroup Inc. (NYSE:C) by 0.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 50,621 shares of the financial services provider’s stock after buying an additional 200 shares during the period. Meyer Handelman Co.’s holdings in Citigroup were worth $2,391,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Gemmer Asset Management LLC boosted its position in Citigroup by 3.2% in the third quarter. Gemmer Asset Management LLC now owns 2,234 shares of the financial services provider’s stock valued at $106,000 after buying an additional 69 shares during the period. City Holding Co. boosted its position in Citigroup by 26.6% in the third quarter. City Holding Co. now owns 2,305 shares of the financial services provider’s stock valued at $109,000 after buying an additional 485 shares during the period. Cedar Wealth Management LLC boosted its position in 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 bought a new position in Citigroup during the second quarter valued at $116,000. Finally, Enterprise Financial Services Corp boosted its position in Citigroup by 44.5% in the third quarter. Enterprise Financial Services Corp now owns 2,447 shares of the financial services provider’s stock valued at $116,000 after buying an additional 753 shares during the period. 70.81% of the stock is currently owned by hedge funds and other institutional investors.
Citigroup Inc. (NYSE:C) traded down 2.31% during midday trading on Monday, hitting $55.47. The company’s stock had a trading volume of 23,645,006 shares. Citigroup Inc. has a one year low of $34.52 and a one year high of $56.83. The company has a market cap of $158.07 billion, a price-to-earnings 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 posted its quarterly earnings results on Friday, October 14th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.08. Citigroup had a return on equity of 7.04% and a net margin of 17.58%. The business had revenue of $17.80 billion for the quarter, compared to the consensus estimate of $17.32 billion. During the same quarter in the prior year, the company earned $1.31 EPS. The business’s revenue was down 4.8% compared to the same quarter last year. On average, analysts predict that Citigroup Inc. will post $4.70 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 23rd. Investors of record on Monday, November 7th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date was Thursday, November 3rd. Citigroup’s dividend payout ratio (DPR) is currently 13.91%.
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A number of research analysts have commented on C shares. Nomura reiterated a “buy” rating and set a $55.00 price target on shares of Citigroup in a research report on Thursday, September 29th. Compass Point started coverage on shares of Citigroup in a research report on Tuesday, October 11th. They set a “sell” rating and a $39.00 price target on the stock. Argus reiterated a “hold” rating on shares of Citigroup in a research report on Tuesday, October 18th. TheStreet upgraded shares of Citigroup from a “hold” rating to a “buy” rating in a research report on Tuesday, August 23rd. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Citigroup in a research report on Tuesday, August 16th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and sixteen have assigned a buy rating to the stock. Citigroup has a consensus rating of “Hold” and an average price target of $54.75.
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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