Naviter Wealth LLC Acquires 685 Shares of Citigroup Inc. $C
by Scott Moore · The Cerbat GemNaviter Wealth LLC increased its holdings in Citigroup Inc. (NYSE:C – Free Report) by 1.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,348 shares of the company’s stock after acquiring an additional 685 shares during the quarter. Naviter Wealth LLC’s holdings in Citigroup were worth $3,179,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently modified their holdings of C. Price T Rowe Associates Inc. MD increased its stake in Citigroup by 6.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 41,101,459 shares of the company’s stock valued at $2,917,794,000 after purchasing an additional 2,539,769 shares in the last quarter. Northern Trust Corp increased its stake in Citigroup by 1.0% during the 1st quarter. Northern Trust Corp now owns 20,427,563 shares of the company’s stock valued at $1,450,153,000 after purchasing an additional 195,013 shares in the last quarter. Invesco Ltd. increased its stake in Citigroup by 3.6% during the 1st quarter. Invesco Ltd. now owns 16,839,915 shares of the company’s stock valued at $1,195,466,000 after purchasing an additional 592,820 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Citigroup by 179.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 14,534,297 shares of the company’s stock valued at $1,031,790,000 after purchasing an additional 9,334,038 shares in the last quarter. Finally, Amundi increased its stake in Citigroup by 78.4% during the 1st quarter. Amundi now owns 13,713,517 shares of the company’s stock valued at $973,523,000 after purchasing an additional 6,026,268 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of analysts have weighed in on C shares. TD Cowen raised their price objective on shares of Citigroup from $85.00 to $95.00 and gave the company a “hold” rating in a research note on Wednesday, July 16th. Morgan Stanley raised their price target on shares of Citigroup from $107.00 to $129.00 and gave the company an “overweight” rating in a report on Monday, September 29th. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Citigroup in a report on Wednesday, July 16th. Wall Street Zen raised shares of Citigroup from a “sell” rating to a “hold” rating in a report on Friday, July 18th. Finally, Wells Fargo & Company raised their price target on shares of Citigroup from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Tuesday, September 16th. Eleven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $99.68.
View Our Latest Report on Citigroup
Citigroup Price Performance
NYSE C opened at $96.18 on Tuesday. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $105.59. The stock has a market cap of $177.05 billion, a price-to-earnings ratio of 14.21, a PEG ratio of 0.83 and a beta of 1.37. The company’s 50 day moving average is $97.09 and its two-hundred day moving average is $84.05. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.61.
Citigroup (NYSE:C – Get Free Report) last released its earnings results on Tuesday, July 15th. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.35. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. The company had revenue of $21.67 billion for the quarter, compared to analysts’ expectations of $20.75 billion. During the same quarter last year, the business earned $1.52 EPS. The firm’s revenue was up 8.2% compared to the same quarter last year. As a group, research analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current year.
Citigroup Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Monday, November 3rd will be given a dividend of $0.60 per share. The ex-dividend date is Monday, November 3rd. This represents a $2.40 annualized dividend and a dividend yield of 2.5%. Citigroup’s dividend payout ratio (DPR) is presently 35.45%.
Insider Activity
In other news, Director Peter B. Henry sold 3,000 shares of Citigroup stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total transaction of $271,200.00. Following the sale, the director owned 2,140 shares in the company, valued at $193,456. This trade represents a 58.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.08% of the stock is currently owned by insiders.
Citigroup Company Profile
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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