Compagnie Lombard Odier SCmA Has $222,000 Position in Citigroup Inc. (NYSE:C)

Compagnie Lombard Odier SCmA lessened its stake in Citigroup Inc. (NYSE:C) by 39.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 3,540 shares of the company’s stock after selling 2,263 shares during the period. Compagnie Lombard Odier SCmA’s holdings in Citigroup were worth $222,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in C. Lloyd Advisory Services LLC. lifted its holdings in Citigroup by 355.9% in the first quarter. Lloyd Advisory Services LLC. now owns 19,115 shares of the company’s stock valued at $1,209,000 after buying an additional 14,922 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in shares of Citigroup by 13.3% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 73,317 shares of the company’s stock valued at $4,653,000 after purchasing an additional 8,593 shares in the last quarter. Lazard Asset Management LLC grew its stake in Citigroup by 13.4% during the first quarter. Lazard Asset Management LLC now owns 201,456 shares of the company’s stock worth $12,739,000 after purchasing an additional 23,774 shares during the period. BDF Gestion bought a new stake in Citigroup in the second quarter worth approximately $3,861,000. Finally, New Mexico Educational Retirement Board lifted its stake in Citigroup by 13.9% in the first quarter. New Mexico Educational Retirement Board now owns 115,426 shares of the company’s stock valued at $7,300,000 after buying an additional 14,100 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on C shares. Keefe, Bruyette & Woods raised their price objective on shares of Citigroup from $66.00 to $69.00 and gave the stock a “market perform” rating in a research report on Thursday, June 20th. BMO Capital Markets raised their price target on shares of Citigroup from $63.00 to $65.00 and gave the stock a “market perform” rating in a report on Thursday, July 11th. The Goldman Sachs Group dropped their price objective on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Argus raised their target price on Citigroup from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Finally, Royal Bank of Canada upped their price target on Citigroup from $63.00 to $66.00 and gave the stock an “outperform” rating in a research note on Monday, June 17th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Citigroup has a consensus rating of “Moderate Buy” and a consensus price target of $70.33.

Citigroup Stock Up 3.6 %

Shares of NYSE:C opened at $65.74 on Monday. The company has a market capitalization of $125.42 billion, a PE ratio of 18.41, a price-to-earnings-growth ratio of 0.74 and a beta of 1.44. Citigroup Inc. has a 1 year low of $38.17 and a 1 year high of $67.81. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.94 and a quick ratio of 0.94. The business has a fifty day moving average price of $60.66 and a two-hundred day moving average price of $61.88.

Citigroup (NYSE:C) last posted its quarterly earnings data on Friday, July 12th. The company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.13. The business had revenue of $20.14 billion during the quarter, compared to the consensus estimate of $20.07 billion. Citigroup had a net margin of 4.95% and a return on equity of 6.26%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.37 earnings per share. Analysts forecast that Citigroup Inc. will post 5.76 earnings per share for the current year.

Citigroup Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 5th were paid a dividend of $0.56 per share. The ex-dividend date of this dividend was Monday, August 5th. This represents a $2.24 annualized dividend and a dividend yield of 3.41%. This is a positive change from Citigroup’s previous quarterly dividend of $0.53. Citigroup’s dividend payout ratio (DPR) is presently 62.75%.

Citigroup Profile

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.