Courier Capital LLC Has $3.31 Million Position in Citigroup Inc. (C)
Courier Capital LLC decreased its position in shares of Citigroup Inc. (NYSE:C) by 0.1% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 49,430 shares of the financial services provider’s stock after selling 60 shares during the quarter. Courier Capital LLC’s holdings in Citigroup were worth $3,306,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Catamount Wealth Management purchased a new position in shares of Citigroup during the 2nd quarter valued at $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake in shares of Citigroup by 206.0% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock valued at $102,000 after buying an additional 1,030 shares in the last quarter. Patten Group Inc. lifted its stake in shares of Citigroup by 6.6% during the 1st quarter. Patten Group Inc. now owns 1,765 shares of the financial services provider’s stock valued at $105,000 after buying an additional 110 shares in the last quarter. Dubuque Bank & Trust Co. lifted its stake in shares of Citigroup by 60.8% during the 2nd quarter. Dubuque Bank & Trust Co. now owns 1,584 shares of the financial services provider’s stock valued at $106,000 after buying an additional 599 shares in the last quarter. Finally, Shine Investment Advisory Services Inc. purchased a new stake in Citigroup in the 2nd quarter worth $123,000. Institutional investors own 78.10% of the company’s stock.
Citigroup Inc. (C) opened at $72.71 on Wednesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market cap of $195,127.36, a PE ratio of 14.22, a price-to-earnings-growth ratio of 1.45 and a beta of 1.57. Citigroup Inc. has a one year low of $49.03 and a one year high of $76.14.
Citigroup (NYSE:C) last issued its earnings results on Thursday, October 12th. The financial services provider reported $1.42 EPS for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.10. The business had revenue of $18.17 billion for the quarter, compared to the consensus estimate of $17.87 billion. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.24 EPS. sell-side analysts anticipate that Citigroup Inc. will post 5.29 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Monday, November 6th will be paid a $0.32 dividend. The ex-dividend date is Friday, November 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 1.76%. Citigroup’s dividend payout ratio is currently 24.66%.
Several analysts have commented on C shares. Atlantic Securities reiterated an “overweight” rating and issued a $85.00 price target (up previously from $75.00) on shares of Citigroup in a research note on Tuesday, September 26th. Bank of America Corporation reiterated a “neutral” rating on shares of Citigroup in a research note on Wednesday, October 11th. Vetr upgraded shares of Citigroup from a “buy” rating to a “strong-buy” rating and set a $76.34 price target on the stock in a research note on Thursday, August 3rd. BMO Capital Markets reiterated a “hold” rating and issued a $65.00 price target on shares of Citigroup in a research note on Friday, October 6th. Finally, Credit Suisse Group reiterated a “buy” rating and issued a $83.00 price target (up previously from $73.00) on shares of Citigroup in a research note on Monday, October 9th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $74.77.
In other Citigroup news, CEO Francisco Aristeguieta sold 40,000 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $67.55, for a total value of $2,702,000.00. Following the transaction, the chief executive officer now directly owns 77,570 shares in the company, valued at approximately $5,239,853.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is owned by corporate insiders.
Citigroup Company Profile
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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