Viewpoint Capital Management LLC decreased its position in shares of Citigroup Inc. (NYSE:C – Free Report) by 1.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 61,325 shares of the company’s stock after selling 660 shares during the period. Citigroup accounts for 2.1% of Viewpoint Capital Management LLC’s holdings, making the stock its 11th biggest position. Viewpoint Capital Management LLC’s holdings in Citigroup were worth $3,794,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of C. Price T Rowe Associates Inc. MD grew its stake in shares of Citigroup by 123.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 31,716,442 shares of the company’s stock worth $2,005,749,000 after acquiring an additional 17,525,484 shares during the last quarter. Bank of New York Mellon Corp grew its position in Citigroup by 0.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 30,007,284 shares of the company’s stock worth $1,904,262,000 after purchasing an additional 250,716 shares during the last quarter. Legal & General Group Plc increased its stake in Citigroup by 5.5% during the 2nd quarter. Legal & General Group Plc now owns 17,428,251 shares of the company’s stock valued at $1,105,999,000 after purchasing an additional 913,231 shares in the last quarter. Greenhaven Associates Inc. raised its holdings in shares of Citigroup by 1.5% in the third quarter. Greenhaven Associates Inc. now owns 16,883,391 shares of the company’s stock worth $1,056,900,000 after buying an additional 242,545 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Citigroup by 1.8% during the second quarter. Dimensional Fund Advisors LP now owns 9,300,447 shares of the company’s stock worth $590,106,000 after buying an additional 168,070 shares during the period. 71.72% of the stock is currently owned by institutional investors and hedge funds.
Citigroup Trading Down 2.0 %
Citigroup stock traded down $1.24 during trading on Friday, reaching $61.76. 9,697,845 shares of the company were exchanged, compared to its average volume of 14,373,945. The stock’s 50 day simple moving average is $61.67 and its two-hundred day simple moving average is $61.95. The company has a market capitalization of $117.80 billion, a P/E ratio of 17.30, a PEG ratio of 0.74 and a beta of 1.44. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.94 and a quick ratio of 0.94. Citigroup Inc. has a 52-week low of $38.17 and a 52-week high of $67.81.
Citigroup Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Monday, November 4th will be issued a $0.56 dividend. The ex-dividend date is Monday, November 4th. This represents a $2.24 annualized dividend and a yield of 3.63%. Citigroup’s dividend payout ratio (DPR) is presently 62.75%.
Analyst Ratings Changes
C has been the subject of several research reports. Morgan Stanley decreased their price objective on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Evercore ISI lifted their price objective on Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a research note on Wednesday, October 16th. The Goldman Sachs Group lowered their target price on Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. Oppenheimer reduced their price target on Citigroup from $92.00 to $91.00 and set an “outperform” rating for the company in a research report on Wednesday, October 16th. Finally, Bank of America upped their price objective on Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $71.06.
Check Out Our Latest Stock Report on Citigroup
About Citigroup
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.
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