MUFG Securities EMEA plc Lowers Position in Citigroup Inc (NYSE:C)
MUFG Securities EMEA plc trimmed its position in Citigroup Inc (NYSE:C) by 64.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 241,781 shares of the financial services provider’s stock after selling 434,757 shares during the period. MUFG Securities EMEA plc’s holdings in Citigroup were worth $16,932,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the stock. LFA Lugano Financial Advisors SA purchased a new position in Citigroup in the 1st quarter worth approximately $27,000. Personal Wealth Partners purchased a new stake in Citigroup during the 2nd quarter valued at $27,000. Harvest Group Wealth Management LLC purchased a new stake in Citigroup during the 1st quarter valued at $28,000. Centaurus Financial Inc. boosted its stake in Citigroup by 95.1% during the 1st quarter. Centaurus Financial Inc. now owns 1,713 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 835 shares during the last quarter. Finally, Mcmillion Capital Management Inc. bought a new stake in shares of Citigroup in the 2nd quarter worth $31,000. 77.09% of the stock is currently owned by institutional investors.
NYSE C traded down $0.20 during trading hours on Wednesday, reaching $68.78. The company’s stock had a trading volume of 8,091,310 shares, compared to its average volume of 13,871,125. Citigroup Inc has a 1 year low of $48.42 and a 1 year high of $75.24. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $155.40 billion, a price-to-earnings ratio of 10.34, a PEG ratio of 0.75 and a beta of 1.78. The firm’s 50-day moving average price is $66.03 and its 200-day moving average price is $66.52.
The company also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 5th were paid a dividend of $0.51 per share. The ex-dividend date was Friday, August 2nd. This represents a $2.04 annualized dividend and a dividend yield of 2.97%. This is a positive change from Citigroup’s previous quarterly dividend of $0.45. Citigroup’s dividend payout ratio (DPR) is currently 30.68%.
In other Citigroup news, insider Michael Whitaker sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $62.03, for a total transaction of $465,225.00. Following the transaction, the insider now owns 93,848 shares of the company’s stock, valued at approximately $5,821,391.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.09% of the company’s stock.
A number of research analysts have recently issued reports on C shares. BMO Capital Markets downgraded Citigroup to a “hold” rating in a report on Friday, July 26th. Morgan Stanley set a $78.00 price objective on Citigroup and gave the stock a “buy” rating in a report on Friday, August 9th. JPMorgan Chase & Co. boosted their target price on Citigroup from $75.00 to $77.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 9th. Wells Fargo & Co set a $85.00 target price on shares of Citigroup and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, Goldman Sachs Group raised shares of Citigroup from a “neutral” rating to a “buy” rating and set a $64.51 price target on the stock in a report on Thursday, May 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $79.12.
Citigroup Company Profile
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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