Harwood Advisory Group LLC Purchases Shares of 34,676 Citigroup Inc (NYSE:C)

Harwood Advisory Group LLC purchased a new stake in Citigroup Inc (NYSE:C) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 34,676 shares of the financial services provider’s stock, valued at approximately $2,428,000.

A number of other hedge funds also recently bought and sold shares of C. Artisan Partners Limited Partnership lifted its position in shares of Citigroup by 1.1% in the first quarter. Artisan Partners Limited Partnership now owns 11,033,376 shares of the financial services provider’s stock valued at $686,497,000 after buying an additional 124,374 shares during the last quarter. Sanders Capital LLC lifted its position in shares of Citigroup by 2.5% in the second quarter. Sanders Capital LLC now owns 10,354,948 shares of the financial services provider’s stock valued at $818,349,000 after buying an additional 251,300 shares during the last quarter. Parametric Portfolio Associates LLC lifted its position in shares of Citigroup by 7.4% in the first quarter. Parametric Portfolio Associates LLC now owns 8,150,246 shares of the financial services provider’s stock valued at $507,108,000 after buying an additional 559,038 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Citigroup by 6.1% in the first quarter. Janus Henderson Group PLC now owns 4,450,450 shares of the financial services provider’s stock valued at $276,925,000 after buying an additional 254,562 shares during the last quarter. Finally, AJO LP lifted its position in shares of Citigroup by 23.5% in the first quarter. AJO LP now owns 4,144,296 shares of the financial services provider’s stock valued at $257,858,000 after buying an additional 789,759 shares during the last quarter. Hedge funds and other institutional investors own 76.78% of the company’s stock.

NYSE C traded down $1.96 during midday trading on Friday, hitting $61.95. The company had a trading volume of 15,056,823 shares, compared to its average volume of 15,013,443. The company has a market capitalization of $144.38 billion, a PE ratio of 9.32, a P/E/G ratio of 0.69 and a beta of 1.76. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.40. The firm has a 50-day moving average price of $68.50 and a 200-day moving average price of $66.41. Citigroup Inc has a twelve month low of $48.42 and a twelve month high of $75.24.



Citigroup (NYSE:C) last announced its quarterly earnings data on Monday, July 15th. The financial services provider reported $1.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.17. The firm had revenue of $18.76 billion during the quarter, compared to analysts’ expectations of $18.49 billion. Citigroup had a return on equity of 10.10% and a net margin of 18.24%. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.63 EPS. On average, equities analysts anticipate that Citigroup Inc will post 7.55 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 5th were issued a $0.51 dividend. The ex-dividend date of this dividend was Friday, August 2nd. This is a boost from Citigroup’s previous quarterly dividend of $0.45. This represents a $2.04 annualized dividend and a yield of 3.29%. Citigroup’s payout ratio is currently 30.68%.

C has been the subject of a number of recent analyst reports. ValuEngine cut Citigroup from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Morgan Stanley set a $78.00 price objective on Citigroup and gave the company a “buy” rating in a research report on Friday, August 9th. Bank of America cut Citigroup to a “hold” rating in a research report on Friday, July 26th. Zacks Investment Research cut Citigroup from a “buy” rating to a “hold” rating in a report on Thursday, May 9th. Finally, BMO Capital Markets cut Citigroup to a “hold” rating in a report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $79.12.

About Citigroup

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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