Rothschild Investment Corp IL Invests $1.85 Million in Citigroup Inc. (C)
Rothschild Investment Corp IL purchased a new stake in Citigroup Inc. (NYSE:C) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 25,411 shares of the financial services provider’s stock, valued at approximately $1,848,000.
Other hedge funds have also modified their holdings of the company. Catamount Wealth Management acquired a new stake in Citigroup in the 2nd quarter valued at $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in Citigroup by 206.0% in 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 during the last quarter. Patten Group Inc. increased its stake in Citigroup by 6.6% in 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 during the last quarter. Balentine LLC increased its stake in Citigroup by 20.2% in the 2nd quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock valued at $108,000 after buying an additional 272 shares during the last quarter. Finally, Acrospire Investment Management LLC increased its stake in shares of Citigroup by 21.4% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 78.59% of the company’s stock.
Shares of Citigroup Inc. (NYSE:C) opened at $75.14 on Thursday. The company has a market cap of $201,340.75, a PE ratio of 14.67, a P/E/G ratio of 1.49 and a beta of 1.55. 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 twelve month low of $55.23 and a twelve month high of $77.92.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Monday, November 6th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date was Friday, November 3rd. Citigroup’s dividend payout ratio is currently 24.66%.
C has been the topic of several recent analyst reports. ValuEngine upgraded shares of Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Societe Generale upgraded shares of Citigroup from a “sell” rating to a “hold” rating and boosted their price objective for the stock from $63.00 to $70.00 in a research note on Monday, September 11th. Credit Suisse Group restated a “buy” rating and set a $73.00 price objective on shares of Citigroup in a research note on Wednesday, September 13th. BidaskClub upgraded shares of Citigroup from a “hold” rating to a “buy” rating in a research note on Thursday, September 21st. Finally, Atlantic Securities restated an “overweight” rating and set a $85.00 price objective (up 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 issued a buy rating and one has assigned a strong buy rating to the company. Citigroup currently has an average rating of “Buy” and an average price target of $75.97.
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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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