FinTrust Capital Advisors LLC grew its holdings in Citigroup Inc (NYSE:C) by 338.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,134 shares of the financial services provider’s stock after acquiring an additional 9,365 shares during the quarter. FinTrust Capital Advisors LLC’s holdings in Citigroup were worth $849,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. LFA Lugano Financial Advisors SA acquired a new stake in shares of Citigroup during the first quarter worth about $27,000. Personal Wealth Partners acquired a new stake in shares of Citigroup during the second quarter worth about $27,000. Harvest Group Wealth Management LLC acquired a new stake in shares of Citigroup during the first quarter worth about $28,000. Centaurus Financial Inc. lifted its holdings in shares of Citigroup by 95.1% during the first quarter. Centaurus Financial Inc. now owns 1,713 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 835 shares during the period. Finally, Mcmillion Capital Management Inc. acquired a new stake in shares of Citigroup during the second quarter worth about $31,000. 77.65% of the stock is owned by institutional investors and hedge funds.
C has been the subject of a number of research reports. Bank of America downgraded Citigroup to a “hold” rating in a report on Friday, July 26th. Keefe, Bruyette & Woods raised Citigroup from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $74.00 to $86.00 in a report on Friday, July 26th. Berenberg Bank set a $78.00 target price on Citigroup and gave the stock a “buy” rating in a report on Monday, June 17th. BMO Capital Markets downgraded Citigroup to a “hold” rating in a report on Friday, July 26th. Finally, Wells Fargo & Co set a $90.00 target price on Citigroup and gave the stock a “buy” rating in a report on Friday, May 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have assigned a buy rating to the stock. Citigroup has an average rating of “Buy” and a consensus target price of $79.40.
Citigroup (NYSE:C) last posted its quarterly earnings data on Monday, July 15th. The financial services provider reported $1.95 EPS for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.17. The business 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 business’s revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.63 earnings per share. Research analysts expect that Citigroup Inc will post 7.55 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Monday, August 5th will be given a $0.51 dividend. The ex-dividend date is Friday, August 2nd. This is a boost from Citigroup’s previous quarterly dividend of $0.45. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.33%. Citigroup’s payout ratio is 30.68%.
Citigroup Company Profile
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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