ETRADE Capital Management LLC Buys 2,505 Shares of Citigroup Inc. (C)
ETRADE Capital Management LLC grew its stake in shares of Citigroup Inc. (NYSE:C) by 15.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,748 shares of the financial services provider’s stock after purchasing an additional 2,505 shares during the quarter. ETRADE Capital Management LLC’s holdings in Citigroup were worth $1,254,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Private Advisor Group LLC lifted its stake in shares of Citigroup by 38.8% in the first quarter. Private Advisor Group LLC now owns 73,965 shares of the financial services provider’s stock worth $3,513,000 after acquiring an additional 20,688 shares in the last quarter. Chatham Capital Group Inc. acquired a new position in shares of Citigroup in the first quarter worth about $275,000. Pinnacle Associates Ltd. lifted its stake in shares of Citigroup by 19.3% in the first quarter. Pinnacle Associates Ltd. now owns 473,409 shares of the financial services provider’s stock worth $28,319,000 after acquiring an additional 76,642 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH lifted its stake in shares of Citigroup by 8.7% in the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 334,884 shares of the financial services provider’s stock worth $20,189,000 after acquiring an additional 26,827 shares in the last quarter. Finally, Meiji Yasuda Life Insurance Co lifted its stake in shares of Citigroup by 9.1% in the first quarter. Meiji Yasuda Life Insurance Co now owns 98,768 shares of the financial services provider’s stock worth $5,908,000 after acquiring an additional 8,200 shares in the last quarter. Institutional investors own 78.15% of the company’s stock.
Several research analysts recently 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 reissued a “neutral” rating on shares of Citigroup in a report on Wednesday, October 11th. Vetr raised Citigroup from a “buy” rating to a “strong-buy” rating and set a $76.34 price objective for the company in a report on Thursday, August 3rd. BMO Capital Markets reissued a “hold” rating and issued a $65.00 price objective on shares of Citigroup in a report on Friday, October 6th. Finally, Raymond James Financial, Inc. assumed coverage on Citigroup in a report on Tuesday, October 31st. They issued a “hold” rating for the company. One investment 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. The company has an average rating of “Buy” and an average target price of $74.77.
Citigroup Inc. (C) opened at $71.53 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $190,341.69, a P/E ratio of 13.87, a PEG ratio of 1.41 and a beta of 1.57. Citigroup Inc. has a 52-week low of $53.71 and a 52-week high of $76.14.
Citigroup (NYSE:C) last released its earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.10. The firm had revenue of $18.17 billion during the quarter, compared to the consensus estimate of $17.87 billion. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The firm’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 posted $1.24 earnings per share. research analysts anticipate that Citigroup Inc. will post 5.31 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Monday, November 6th will be given a $0.32 dividend. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 1.79%. Citigroup’s dividend payout ratio (DPR) is 24.66%.
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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