QS Investors LLC Has $29.07 Million Stake in Citigroup Inc. (C)
QS Investors LLC lessened its position in Citigroup Inc. (NYSE:C) by 11.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 434,641 shares of the financial services provider’s stock after selling 54,526 shares during the period. QS Investors LLC’s holdings in Citigroup were worth $29,069,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Atlantic Trust Group LLC boosted its holdings in shares of Citigroup by 2.1% during the 1st quarter. Atlantic Trust Group LLC now owns 1,684,028 shares of the financial services provider’s stock worth $100,739,000 after buying an additional 34,379 shares during the period. Ruggie Capital Group bought a new stake in shares of Citigroup during the 1st quarter worth about $137,000. Leisure Capital Management boosted its holdings in shares of Citigroup by 8.6% during the 1st quarter. Leisure Capital Management now owns 3,704 shares of the financial services provider’s stock worth $222,000 after buying an additional 292 shares during the period. Sullivan Bruyette Speros & Blaney LLC boosted its holdings in shares of Citigroup by 4.0% during the 1st quarter. Sullivan Bruyette Speros & Blaney LLC now owns 6,009 shares of the financial services provider’s stock worth $359,000 after buying an additional 230 shares during the period. Finally, IFM Investors Pty Ltd boosted its holdings in shares of Citigroup by 55.9% during the 1st quarter. IFM Investors Pty Ltd now owns 57,987 shares of the financial services provider’s stock worth $3,469,000 after buying an additional 20,802 shares during the period. 77.98% of the stock is owned by institutional investors.
A number of research firms have issued reports on C. Bank of America Corporation reissued a “neutral” rating on shares of Citigroup in a report on Wednesday, October 11th. Credit Suisse Group reissued an “outperform” rating and issued a $76.00 price objective (up previously from $70.00) on shares of Citigroup in a report on Wednesday, July 26th. Wells Fargo & Company reissued a “buy” rating on shares of Citigroup in a report on Monday, October 2nd. Atlantic Securities reissued an “overweight” rating and issued a $85.00 price objective (up previously from $75.00) on shares of Citigroup in a report on Tuesday, September 26th. Finally, Vetr downgraded shares of Citigroup from a “strong-buy” rating to a “buy” rating and set a $76.22 price objective for the company. in a report on Monday, July 31st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. Citigroup currently has an average rating of “Buy” and a consensus target price of $75.61.
Citigroup Inc. (C) opened at $72.05 on Tuesday. 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 Inc. has a 1-year low of $55.14 and a 1-year high of $76.14. The firm has a market cap of $190,500.00, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 1.40 and a beta of 1.57.
Citigroup (NYSE:C) last announced its earnings results on Thursday, October 12th. The financial services provider reported $1.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.10. The company had revenue of $18.17 billion during 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 firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.24 earnings per share. equities analysts forecast that Citigroup Inc. will post 5.31 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors 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 dividend on an annualized basis and a yield of 1.78%. Citigroup’s dividend payout ratio (DPR) is presently 24.66%.
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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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