Profund Advisors LLC Sells 19,117 Shares of Citigroup Inc (C)
Profund Advisors LLC lowered its stake in shares of Citigroup Inc (NYSE:C) by 10.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 160,883 shares of the financial services provider’s stock after selling 19,117 shares during the period. Profund Advisors LLC’s holdings in Citigroup were worth $9,624,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in C. FNY Partners Fund LP acquired a new position in shares of Citigroup during the fourth quarter worth about $106,000. Enterprise Financial Services Corp increased its position in shares of Citigroup by 44.5% in the third quarter. Enterprise Financial Services Corp now owns 2,447 shares of the financial services provider’s stock worth $116,000 after buying an additional 753 shares during the period. Patten Group Inc. increased its position in shares of Citigroup by 12.3% in the third quarter. Patten Group Inc. now owns 2,426 shares of the financial services provider’s stock worth $118,000 after buying an additional 265 shares during the period. Pinnacle Bank acquired a new position in shares of Citigroup during the first quarter worth about $123,000. Finally, Northwest Quadrant Wealth Management LLC acquired a new position in shares of Citigroup during the fourth quarter worth about $124,000. Institutional investors and hedge funds own 73.82% of the company’s stock.
Citigroup Inc (NYSE:C) traded up 2.06% on Friday, hitting $61.32. The stock had a trading volume of 6,573,962 shares. The firm has a market capitalization of $168.83 billion, a price-to-earnings ratio of 12.36 and a beta of 1.68. Citigroup Inc has a 1-year low of $38.31 and a 1-year high of $62.58. The stock’s 50-day moving average is $59.71 and its 200 day moving average is $58.37. Citigroup also was the target of some unusual options trading activity on Tuesday. Stock investors bought 35,976 put options on the company. This is an increase of approximately 141% compared to the average volume of 14,934 put options.
Citigroup (NYSE:C) last issued its earnings results on Thursday, April 13th. The financial services provider reported $1.35 EPS for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.11. Citigroup had a net margin of 18.10% and a return on equity of 7.09%. The business had revenue of $18.12 billion for the quarter, compared to the consensus estimate of $17.75 billion. During the same quarter last year, the firm posted $1.10 EPS. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, equities research analysts predict that Citigroup Inc will post $5.20 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 26th. Stockholders of record on Monday, May 1st will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Thursday, April 27th. Citigroup’s dividend payout ratio is presently 13.56%.
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A number of research analysts have recently commented on the company. Jefferies Group LLC reaffirmed a “hold” rating and set a $68.00 price target on shares of Citigroup in a research report on Monday. Vetr cut Citigroup from a “strong-buy” rating to a “buy” rating and set a $63.27 price objective on the stock. in a report on Monday, February 6th. Rafferty Capital Markets reissued a “buy” rating and set a $66.00 price objective on shares of Citigroup in a report on Monday, April 3rd. Zacks Investment Research cut Citigroup from a “buy” rating to a “hold” rating in a report on Tuesday, January 31st. Finally, Morgan Stanley raised Citigroup from an “equal weight” rating to an “overweight” rating in a report on Tuesday, January 31st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eighteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $64.34.
Citigroup Inc (Citi) is a financial services holding company. The Company’s whose 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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