Carnegie Capital Asset Management LLC Has $1.40 Million Position in Citigroup Inc. (C)
Carnegie Capital Asset Management LLC lifted its position in shares of Citigroup Inc. (NYSE:C) by 0.5% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,225 shares of the financial services provider’s stock after buying an additional 101 shares during the quarter. Carnegie Capital Asset Management LLC’s holdings in Citigroup were worth $1,404,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in C. BlackRock Inc. lifted its stake in shares of Citigroup by 2,718.7% during the 1st quarter. BlackRock Inc. now owns 196,415,461 shares of the financial services provider’s stock valued at $11,749,573,000 after buying an additional 189,447,104 shares in the last quarter. FMR LLC increased its holdings in Citigroup by 18.2% in the 1st quarter. FMR LLC now owns 105,742,815 shares of the financial services provider’s stock valued at $6,325,535,000 after acquiring an additional 16,257,931 shares during the last quarter. Lazard Asset Management LLC increased its holdings in Citigroup by 109.5% in the 2nd quarter. Lazard Asset Management LLC now owns 9,292,727 shares of the financial services provider’s stock valued at $621,497,000 after acquiring an additional 4,856,866 shares during the last quarter. Pioneer Investment Management Inc. increased its holdings in Citigroup by 2,317.8% in the 2nd quarter. Pioneer Investment Management Inc. now owns 5,002,029 shares of the financial services provider’s stock valued at $334,536,000 after acquiring an additional 4,795,145 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Citigroup by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 183,198,941 shares of the financial services provider’s stock valued at $10,958,960,000 after acquiring an additional 4,391,347 shares during the last quarter. Institutional investors own 77.98% of the company’s stock.
A number of analysts have issued reports on C shares. Atlantic Securities reiterated an “overweight” rating and issued a $85.00 price target (up from $75.00) on shares of Citigroup in a report on Tuesday, September 26th. Bank of America Corporation reiterated a “neutral” rating on shares of Citigroup in a report 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 report on Thursday, August 3rd. BMO Capital Markets reiterated a “hold” rating and issued a $65.00 price target on shares of Citigroup in a report on Friday, October 6th. Finally, Raymond James Financial, Inc. started coverage on shares of Citigroup in a report on Tuesday, October 31st. They issued a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. Citigroup presently has an average rating of “Buy” and an average target price of $75.61.
Shares of Citigroup Inc. (NYSE C) opened at $71.33 on Monday. The stock has a market cap of $188,596.67, a PE ratio of 13.74, a price-to-earnings-growth ratio of 1.40 and a beta of 1.57. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.01 and a quick ratio of 1.01. Citigroup Inc. has a 52-week low of $54.98 and a 52-week high of $76.14.
Citigroup (NYSE:C) last released its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.10. The company had revenue of $18.17 billion during the quarter, compared to analysts’ expectations of $17.87 billion. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.24 EPS. equities research analysts anticipate that Citigroup Inc. will post 5.31 earnings per share for the current year.
The business also recently disclosed 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 is Friday, November 3rd. This represents a $1.28 annualized dividend 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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