Citigroup Inc. (C) Shares Bought by Norinchukin Bank The
Norinchukin Bank The boosted its position in Citigroup Inc. (NYSE:C) by 41.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,279 shares of the financial services provider’s stock after buying an additional 39,898 shares during the period. Norinchukin Bank The’s holdings in Citigroup were worth $9,181,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. increased its holdings in Citigroup by 2,718.7% during the 1st quarter. BlackRock Inc. now owns 196,415,461 shares of the financial services provider’s stock worth $11,749,573,000 after purchasing an additional 189,447,104 shares in the last quarter. Vanguard Group Inc. increased its holdings in Citigroup by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 183,198,941 shares of the financial services provider’s stock worth $10,958,960,000 after purchasing an additional 4,391,347 shares in the last quarter. FMR LLC increased its holdings in Citigroup by 18.2% during the 1st quarter. FMR LLC now owns 105,742,815 shares of the financial services provider’s stock worth $6,325,535,000 after purchasing an additional 16,257,931 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Citigroup by 6.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 46,110,561 shares of the financial services provider’s stock worth $3,083,874,000 after purchasing an additional 2,943,282 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in Citigroup by 1.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 27,470,583 shares of the financial services provider’s stock worth $1,643,290,000 after purchasing an additional 496,413 shares in the last quarter. 78.10% of the stock is owned by institutional investors and hedge funds.
In other news, CEO Francisco Aristeguieta sold 40,000 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $67.55, for a total transaction of $2,702,000.00. Following the transaction, the chief executive officer now directly owns 77,570 shares of the company’s stock, valued at $5,239,853.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is currently owned by company insiders.
Citigroup Inc. (NYSE:C) opened at $72.71 on Wednesday. Citigroup Inc. has a 12 month low of $49.03 and a 12 month high of $76.14. The stock has a market capitalization of $195,127.36, a PE ratio of 14.22, a PEG ratio of 1.45 and a beta of 1.57. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.01 and a current ratio of 1.01.
Citigroup (NYSE:C) last announced its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.10. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The firm had revenue of $18.17 billion for the quarter, compared to analysts’ expectations of $17.87 billion. During the same period last year, the firm earned $1.24 earnings per share. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. sell-side analysts anticipate that Citigroup Inc. will post 5.29 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Monday, November 6th will be paid a dividend of $0.32 per share. The ex-dividend date is Friday, November 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.76%. Citigroup’s dividend payout ratio (DPR) is currently 24.66%.
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Several research firms have recently issued reports on C. ValuEngine raised Citigroup from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Credit Suisse Group reaffirmed a “buy” rating and issued a $73.00 target price on shares of Citigroup in a report on Wednesday, September 13th. Morgan Stanley upped their target price on Citigroup from $73.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, October 13th. Jefferies Group LLC set a $81.00 target price on Citigroup and gave the company a “neutral” rating in a report on Thursday, October 12th. Finally, BMO Capital Markets upped their price objective on Citigroup from $65.00 to $67.00 and gave the company a “market perform” rating in a research note on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $74.77.
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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