Legacy Capital Group California Inc. boosted its holdings in shares of Citigroup Inc. (NYSE:C – Free Report) by 3.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,748 shares of the company’s stock after purchasing an additional 446 shares during the period. Legacy Capital Group California Inc.’s holdings in Citigroup were worth $679,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of Citigroup by 86,191.4% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 545,751,112 shares of the company’s stock valued at $25,126,381,000 after acquiring an additional 545,118,661 shares in the last quarter. Snider Financial Group boosted its position in shares of Citigroup by 96,645.9% in the first quarter. Snider Financial Group now owns 84,494,926 shares of the company’s stock worth $4,512,000 after buying an additional 84,407,589 shares during the period. Norges Bank purchased a new position in shares of Citigroup during the fourth quarter valued at $631,922,000. FMR LLC raised its position in Citigroup by 161.9% during the first quarter. FMR LLC now owns 18,451,528 shares of the company’s stock valued at $865,192,000 after buying an additional 11,407,293 shares during the period. Finally, Moneta Group Investment Advisors LLC lifted its stake in Citigroup by 87,332.7% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 7,511,342 shares of the company’s stock worth $339,738,000 after acquiring an additional 7,502,751 shares in the last quarter. 69.26% of the stock is currently owned by institutional investors.
Citigroup Price Performance
C traded up $0.69 during midday trading on Friday, hitting $45.36. The company had a trading volume of 15,576,302 shares, compared to its average volume of 17,580,848. Citigroup Inc. has a twelve month low of $38.17 and a twelve month high of $53.23. The company has a market capitalization of $86.81 billion, a PE ratio of 7.19, a P/E/G ratio of 2.46 and a beta of 1.55. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.94 and a current ratio of 0.94. The firm’s 50-day simple moving average is $41.23 and its 200-day simple moving average is $43.97.
Citigroup Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Monday, November 6th will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 4.67%. Citigroup’s dividend payout ratio (DPR) is presently 33.60%.
Insider Activity at Citigroup
In related news, insider Andrew John Morton sold 28,096 shares of the stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of $40.66, for a total value of $1,142,383.36. Following the sale, the insider now directly owns 410,060 shares in the company, valued at approximately $16,673,039.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.09% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on C shares. StockNews.com initiated coverage on shares of Citigroup in a report on Thursday, October 5th. They set a “hold” rating on the stock. Morgan Stanley cut their price target on Citigroup from $45.00 to $43.00 and set an “underweight” rating for the company in a research note on Tuesday, October 3rd. TheStreet cut Citigroup from a “b-” rating to a “c+” rating in a research note on Wednesday, August 30th. Royal Bank of Canada cut their price objective on shares of Citigroup from $51.00 to $47.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 20th. Finally, Jefferies Financial Group decreased their target price on shares of Citigroup from $47.00 to $43.00 in a research report on Tuesday, October 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $51.28.
Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. It operates through three segments: Institutional Clients Group (ICG), Personal Banking and Wealth Management (PBWM), and Legacy Franchises.
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