Holocene Advisors LP purchased a new stake in shares of Citigroup Inc. (NYSE:C - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 20,293 shares of the company's stock, valued at approximately $1,270,000.
Several other hedge funds have also recently bought and sold shares of C. Envestnet Portfolio Solutions Inc. increased its stake in shares of Citigroup by 13.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 73,317 shares of the company's stock worth $4,653,000 after acquiring an additional 8,593 shares during the last quarter. KBC Group NV raised its stake in shares of Citigroup by 1.8% during the 3rd quarter. KBC Group NV now owns 1,138,511 shares of the company's stock worth $71,270,000 after purchasing an additional 20,291 shares in the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of Citigroup by 4.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 394,738 shares of the company's stock valued at $24,710,000 after buying an additional 18,278 shares during the last quarter. Summit Global Investments grew its stake in shares of Citigroup by 289.5% in the 3rd quarter. Summit Global Investments now owns 30,640 shares of the company's stock valued at $1,918,000 after buying an additional 22,774 shares in the last quarter. Finally, Chesley Taft & Associates LLC acquired a new position in Citigroup in the second quarter worth approximately $735,000. 71.72% of the stock is owned by hedge funds and other institutional investors.
NYSE C opened at $72.15 on Friday. The company's fifty day moving average is $66.10 and its two-hundred day moving average is $63.31. Citigroup Inc. has a 52-week low of $47.71 and a 52-week high of $72.85. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market capitalization of $136.45 billion, a price-to-earnings ratio of 20.89, a P/E/G ratio of 0.80 and a beta of 1.45.
Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.20. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The firm had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.86 billion. During the same period in the previous year, the company posted $1.52 earnings per share. The company's quarterly revenue was up .9% compared to the same quarter last year. Equities research analysts forecast that Citigroup Inc. will post 5.85 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 3.10%. The ex-dividend date was Monday, November 4th. Citigroup's dividend payout ratio (DPR) is presently 64.93%.
Several analysts have commented on the stock. Keefe, Bruyette & Woods raised shares of Citigroup from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $70.00 to $82.00 in a research report on Tuesday. Wells Fargo & Company increased their target price on shares of Citigroup from $85.00 to $95.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th. Morgan Stanley reduced their price target on Citigroup from $86.00 to $82.00 and set an "overweight" rating for the company in a research report on Wednesday, October 16th. Barclays increased their price objective on Citigroup from $63.00 to $70.00 and gave the company an "equal weight" rating in a report on Wednesday, October 16th. Finally, Bank of America boosted their target price on Citigroup from $78.00 to $90.00 and gave the stock a "buy" rating in a report on Monday, December 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $75.63.
Read Our Latest Research Report on Citigroup
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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