Cwm LLC grew its stake in shares of Citigroup Inc (NYSE:C) by 29.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 177,893 shares of the financial services provider’s stock after purchasing an additional 40,517 shares during the quarter. Cwm LLC’s holdings in Citigroup were worth $12,762,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in the business. Front Barnett Associates LLC increased its holdings in shares of Citigroup by 0.5% in the 2nd quarter. Front Barnett Associates LLC now owns 134,048 shares of the financial services provider’s stock valued at $8,970,000 after acquiring an additional 700 shares during the period. Capital Analysts LLC increased its holdings in shares of Citigroup by 1.4% in the 2nd quarter. Capital Analysts LLC now owns 53,576 shares of the financial services provider’s stock valued at $3,585,000 after acquiring an additional 762 shares during the period. IFG Advisory LLC increased its holdings in shares of Citigroup by 12.4% in the 2nd quarter. IFG Advisory LLC now owns 7,067 shares of the financial services provider’s stock valued at $472,000 after acquiring an additional 780 shares during the period. Proficio Capital Partners LLC increased its holdings in shares of Citigroup by 4.5% in the 2nd quarter. Proficio Capital Partners LLC now owns 18,310 shares of the financial services provider’s stock valued at $1,225,000 after acquiring an additional 791 shares during the period. Finally, Independent Order of Foresters increased its holdings in shares of Citigroup by 16.4% in the 2nd quarter. Independent Order of Foresters now owns 5,735 shares of the financial services provider’s stock valued at $384,000 after acquiring an additional 810 shares during the period. 74.84% of the stock is currently owned by institutional investors.
In other Citigroup news, CEO Francisco Aristeguieta sold 15,000 shares of the company’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $72.36, for a total value of $1,085,400.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.11% of the stock is currently owned by corporate insiders.
Citigroup (NYSE:C) last released its quarterly earnings data on Friday, October 12th. The financial services provider reported $1.73 EPS for the quarter, topping the consensus estimate of $1.66 by $0.07. Citigroup had a negative net margin of 4.81% and a positive return on equity of 9.42%. The business had revenue of $18.39 billion for the quarter, compared to analyst estimates of $18.43 billion. During the same period in the previous year, the firm earned $1.42 EPS. Analysts forecast that Citigroup Inc will post 6.69 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 21st. Shareholders of record on Monday, November 5th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Friday, November 2nd. This represents a $1.80 dividend on an annualized basis and a yield of 2.80%. Citigroup’s dividend payout ratio (DPR) is 33.77%.
C has been the topic of a number of recent research reports. TheStreet raised shares of Citigroup from a “c” rating to a “b-” rating in a report on Monday, July 30th. Wells Fargo & Co set a $100.00 target price on shares of Citigroup and gave the company a “buy” rating in a report on Monday, August 27th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $85.00 target price on shares of Citigroup in a report on Monday, July 16th. Deutsche Bank lifted their target price on shares of Citigroup from $76.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, September 27th. Finally, Vining Sparks reaffirmed a “buy” rating and issued a $77.00 target price on shares of Citigroup in a report on Tuesday, October 9th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the company. Citigroup presently has a consensus rating of “Buy” and a consensus price target of $82.91.
Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.
Featured Article: Why investors pay attention to retained earnings
Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.