GWM Advisors LLC lifted its holdings in shares of Citigroup Inc (NYSE:C) by 2.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,631 shares of the financial services provider’s stock after buying an additional 618 shares during the quarter. GWM Advisors LLC’s holdings in Citigroup were worth $1,795,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Cedar Capital LLC boosted its stake in Citigroup by 8.6% during the 2nd quarter. Cedar Capital LLC now owns 4,763 shares of the financial services provider’s stock worth $334,000 after acquiring an additional 377 shares during the last quarter. K.J. Harrison & Partners Inc boosted its stake in Citigroup by 9.3% during the 2nd quarter. K.J. Harrison & Partners Inc now owns 4,712 shares of the financial services provider’s stock worth $330,000 after acquiring an additional 400 shares during the last quarter. Buckingham Asset Management LLC boosted its stake in Citigroup by 16.6% during the 2nd quarter. Buckingham Asset Management LLC now owns 8,820 shares of the financial services provider’s stock worth $618,000 after acquiring an additional 1,254 shares during the last quarter. Cpwm LLC boosted its stake in Citigroup by 1.0% during the 2nd quarter. Cpwm LLC now owns 16,607 shares of the financial services provider’s stock worth $1,163,000 after acquiring an additional 163 shares during the last quarter. Finally, Chicago Equity Partners LLC bought a new position in Citigroup in the second quarter valued at approximately $749,000. Institutional investors own 76.78% of the company’s stock.

C has been the topic of a number of research reports. ValuEngine lowered shares of Citigroup from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Berenberg Bank set a $78.00 price target on shares of Citigroup and gave the company a “buy” rating in a research note on Monday, June 17th. Barclays lifted their price target on shares of Citigroup from $83.00 to $86.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. Bank of America lowered shares of Citigroup to a “hold” rating in a research note on Friday, July 26th. Finally, Zacks Investment Research lowered shares of Citigroup from a “buy” rating to a “hold” rating in a research note on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $79.12.

Shares of NYSE C traded down $0.45 during midday trading on Tuesday, reaching $63.86. The company’s stock had a trading volume of 277,955 shares, compared to its average volume of 15,033,530. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.40. Citigroup Inc has a fifty-two week low of $48.42 and a fifty-two week high of $75.24. The stock has a market capitalization of $143.40 billion, a price-to-earnings ratio of 9.62, a PEG ratio of 0.69 and a beta of 1.76. The stock has a 50 day simple moving average of $69.07 and a 200-day simple moving average of $66.42.

Citigroup (NYSE:C) last posted its quarterly earnings data on Monday, July 15th. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.17. Citigroup had a net margin of 18.24% and a return on equity of 10.10%. The company had revenue of $18.76 billion for the quarter, compared to the consensus estimate of $18.49 billion. During the same period last year, the company earned $1.63 earnings per share. The firm’s revenue was up 1.6% compared to the same quarter last year. As a group, equities analysts anticipate that Citigroup Inc will post 7.54 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Monday, August 5th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Friday, August 2nd. This is an increase from Citigroup’s previous quarterly dividend of $0.45. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.19%. Citigroup’s dividend payout ratio (DPR) is 30.68%.

About Citigroup

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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