SBI Securities Co. Ltd. lowered its position in Citigroup Inc. (NYSE:C - Free Report) by 51.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 31,697 shares of the company's stock after selling 34,200 shares during the period. SBI Securities Co. Ltd.'s holdings in Citigroup were worth $2,250,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of the company. Orion Capital Management LLC bought a new position in shares of Citigroup during the 4th quarter valued at about $28,000. MorganRosel Wealth Management LLC bought a new position in shares of Citigroup during the 1st quarter valued at about $28,000. American National Bank & Trust bought a new position in shares of Citigroup during the 1st quarter valued at about $29,000. Mascagni Wealth Management Inc. bought a new position in shares of Citigroup during the 4th quarter valued at about $34,000. Finally, Cornerstone Planning Group LLC boosted its holdings in shares of Citigroup by 68.2% during the 1st quarter. Cornerstone Planning Group LLC now owns 577 shares of the company's stock valued at $38,000 after purchasing an additional 234 shares during the last quarter. Institutional investors own 71.72% of the company's stock.
Citigroup Stock Up 0.1%
NYSE C traded up $0.10 on Friday, hitting $93.19. The stock had a trading volume of 8,960,075 shares, compared to its average volume of 14,650,539. The business's fifty day moving average price is $79.99 and its 200 day moving average price is $75.29. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.99 and a quick ratio of 0.98. Citigroup Inc. has a 52-week low of $53.51 and a 52-week high of $93.79. The stock has a market cap of $174.05 billion, a price-to-earnings ratio of 13.76, a price-to-earnings-growth ratio of 0.70 and a beta of 1.34.
Citigroup (NYSE:C - Get Free Report) last posted its quarterly earnings data on Tuesday, July 15th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.61 by $0.35. The business had revenue of $21.67 billion during the quarter, compared to the consensus estimate of $20.75 billion. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. The business's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.52 earnings per share. Equities research analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current year.
Citigroup Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Monday, August 4th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.58%. This is a positive change from Citigroup's previous quarterly dividend of $0.56. The ex-dividend date of this dividend is Monday, August 4th. Citigroup's payout ratio is presently 33.09%.
Insiders Place Their Bets
In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of the business's stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total value of $301,504.42. Following the transaction, the director directly owned 13,048 shares in the company, valued at $890,656.48. The trade was a 25.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.08% of the stock is owned by insiders.
Wall Street Analyst Weigh In
C has been the topic of several recent research reports. Bank of America upped their target price on shares of Citigroup from $89.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, June 26th. Wall Street Zen cut shares of Citigroup from a "hold" rating to a "sell" rating in a research report on Friday, June 27th. Keefe, Bruyette & Woods restated a "buy" rating on shares of Citigroup in a research report on Wednesday. Wells Fargo & Company upped their target price on shares of Citigroup from $110.00 to $115.00 and gave the company an "overweight" rating in a research report on Wednesday. Finally, Oppenheimer set a $123.00 target price on shares of Citigroup and gave the company an "outperform" rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $96.46.
Check Out Our Latest Report on Citigroup
About Citigroup
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Free Report)
Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.
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