Nomura Asset Management Co. Ltd. trimmed its position in shares of Citigroup Inc (NYSE:C) by 8.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 703,862 shares of the financial services provider’s stock after selling 61,947 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Citigroup were worth $51,199,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Leisure Capital Management grew its holdings in Citigroup by 1.6% during the 2nd quarter. Leisure Capital Management now owns 3,763 shares of the financial services provider’s stock worth $252,000 after acquiring an additional 59 shares in the last quarter. Halbert Hargrove Russell LLC grew its holdings in Citigroup by 1.6% during the 2nd quarter. Halbert Hargrove Russell LLC now owns 4,736 shares of the financial services provider’s stock worth $317,000 after acquiring an additional 74 shares in the last quarter. Usca Ria LLC grew its holdings in Citigroup by 0.3% during the 2nd quarter. Usca Ria LLC now owns 34,375 shares of the financial services provider’s stock worth $2,299,000 after acquiring an additional 90 shares in the last quarter. Davis R M Inc. boosted its holdings in shares of Citigroup by 2.2% in the 2nd quarter. Davis R M Inc. now owns 4,250 shares of the financial services provider’s stock valued at $284,000 after buying an additional 92 shares during the period. Finally, Hartland & Co. LLC boosted its holdings in shares of Citigroup by 1.2% in the 2nd quarter. Hartland & Co. LLC now owns 8,280 shares of the financial services provider’s stock valued at $554,000 after buying an additional 97 shares during the period. 78.61% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently commented on C. ValuEngine raised shares of Citigroup from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Deutsche Bank set a $74.00 price target on shares of Citigroup and gave the company a “neutral” rating in a report on Wednesday, January 17th. Raymond James Financial began coverage on shares of Citigroup in a report on Tuesday, October 31st. They issued a “hold” rating for the company. Morgan Stanley lifted their price target on shares of Citigroup from $73.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, October 13th. Finally, Wells Fargo & Co set a $100.00 price target on shares of Citigroup and gave the company a “buy” rating in a report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $79.30.
Citigroup (NYSE:C) last released its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.09. The business had revenue of $17.26 billion for the quarter, compared to the consensus estimate of $17.23 billion. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.60%. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period last year, the firm posted $1.14 earnings per share. research analysts expect that Citigroup Inc will post 6.33 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Monday, February 5th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Friday, February 2nd. Citigroup’s dividend payout ratio (DPR) is currently 23.06%.
Citigroup Company Profile
Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.
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