Thompson Investment Management Inc. Sells 2,215 Shares of Citigroup Inc (C)
Thompson Investment Management Inc. decreased its holdings in Citigroup Inc (NYSE:C) by 1.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 138,582 shares of the financial services provider’s stock after selling 2,215 shares during the quarter. Citigroup accounts for about 1.8% of Thompson Investment Management Inc.’s investment portfolio, making the stock its 13th largest position. Thompson Investment Management Inc.’s holdings in Citigroup were worth $9,942,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of the business. Legacy Advisors LLC boosted its stake in Citigroup by 349.7% in the 2nd quarter. Legacy Advisors LLC now owns 1,718 shares of the financial services provider’s stock worth $115,000 after purchasing an additional 1,336 shares during the period. IMA Wealth Inc. acquired a new position in Citigroup in the 2nd quarter worth approximately $129,000. Arlington Partners LLC acquired a new position in Citigroup in the 3rd quarter worth approximately $143,000. Peoples Financial Services CORP. boosted its stake in Citigroup by 82.8% in the 3rd quarter. Peoples Financial Services CORP. now owns 2,208 shares of the financial services provider’s stock worth $159,000 after purchasing an additional 1,000 shares during the period. Finally, Livingston Group Asset Management CO operating as Southport Capital Management acquired a new position in Citigroup in the 3rd quarter worth approximately $166,000. Hedge funds and other institutional investors own 74.88% of the company’s stock.
A number of research firms recently commented on C. BMO Capital Markets raised their price objective on shares of Citigroup from $76.00 to $85.00 and gave the stock a “market perform” rating in a research note on Monday, July 16th. Oppenheimer lifted their target price on shares of Citigroup from $89.00 to $91.00 and gave the company an “outperformer” rating in a research note on Monday, July 16th. Zacks Investment Research raised shares of Citigroup from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a research note on Tuesday, October 16th. Goldman Sachs Group set a $78.00 target price on shares of Citigroup and gave the company a “neutral” rating in a research note on Friday, July 20th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $85.00 target price on shares of Citigroup in a research note on Monday, July 16th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and fifteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $82.91.
Citigroup (NYSE:C) last posted its quarterly earnings data on Friday, October 12th. The financial services provider reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.07. Citigroup had a negative net margin of 4.81% and a positive return on equity of 9.42%. The company had revenue of $18.39 billion for the quarter, compared to the consensus estimate of $18.43 billion. During the same quarter in the previous year, the firm posted $1.42 EPS. On average, research analysts expect that Citigroup Inc will post 6.69 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 21st. Investors of record on Monday, November 5th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, November 2nd. This represents a $1.80 dividend on an annualized basis and a yield of 2.80%. Citigroup’s payout ratio is currently 33.77%.
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Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.
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