Citigroup Inc. (C) Shares Sold by Numeric Investors LLC
Numeric Investors LLC trimmed its position in Citigroup Inc. (NYSE:C) by 19.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,334,479 shares of the financial services provider’s stock after selling 807,300 shares during the quarter. Citigroup accounts for 2.0% of Numeric Investors LLC’s holdings, making the stock its 2nd largest holding. Numeric Investors LLC owned 0.12% of Citigroup worth $223,010,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Vantage Financial Partners Ltd. Inc. bought a new stake in shares of Citigroup during the second quarter worth $1,034,000. Catamount Wealth Management bought a new stake in shares of Citigroup during the second quarter worth $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in shares of Citigroup by 206.0% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock worth $102,000 after buying an additional 1,030 shares during the last quarter. Dubuque Bank & Trust Co. grew its stake in shares of Citigroup by 60.8% during the second quarter. Dubuque Bank & Trust Co. now owns 1,584 shares of the financial services provider’s stock worth $106,000 after buying an additional 599 shares during the last quarter. Finally, Acrospire Investment Management LLC grew its stake in shares of Citigroup by 21.4% during the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after buying an additional 300 shares during the last quarter. 78.15% of the stock is currently owned by institutional investors and hedge funds.
Citigroup Inc. (C) opened at $71.33 on Friday. Citigroup Inc. has a fifty-two week low of $54.98 and a fifty-two week high of $76.14. The firm has a market cap of $188,596.67, a PE ratio of 13.74, a PEG ratio of 1.40 and a beta of 1.57. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.11.
Citigroup (NYSE:C) last announced its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.10. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The firm had revenue of $18.17 billion for the quarter, compared to analyst estimates of $17.87 billion. During the same quarter in the prior year, the business earned $1.24 earnings per share. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. sell-side analysts forecast that Citigroup Inc. will post 5.31 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 issued a dividend of $0.32 per share. The ex-dividend date is Friday, November 3rd. This represents a $1.28 annualized dividend and a dividend yield of 1.79%. Citigroup’s dividend payout ratio is currently 24.66%.
A number of research firms have weighed in on C. Keefe, Bruyette & Woods set a $75.00 target price on shares of Citigroup and gave the stock a “buy” rating in a research note on Sunday, August 13th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Citigroup in a research note on Monday, October 2nd. Raymond James Financial, Inc. reaffirmed an “underperform” rating on shares of Citigroup in a research note on Wednesday, September 27th. Deutsche Bank AG reaffirmed a “hold” rating and set a $67.00 target price (up previously from $61.00) on shares of Citigroup in a research note on Tuesday, September 26th. Finally, Atlantic Securities reaffirmed an “overweight” rating and set a $85.00 target price (up previously from $75.00) on shares of Citigroup in a research note on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $75.61.
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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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