Rock Creek Group LP increased its stake in shares of Citigroup Inc. (NYSE:C) by 11.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,191 shares of the company’s stock after buying an additional 339 shares during the quarter. Rock Creek Group LP’s holdings in Citigroup were worth $226,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Atlas Capital Advisors LLC acquired a new stake in Citigroup during the first quarter worth approximately $36,000. Logan Capital Management Inc. bought a new stake in Citigroup during the first quarter worth $37,000. Lee Financial Co lifted its stake in Citigroup by 44.1% during the second quarter. Lee Financial Co now owns 526 shares of the company’s stock worth $37,000 after purchasing an additional 161 shares during the last quarter. Elmwood Wealth Management Inc. bought a new stake in Citigroup during the first quarter worth $46,000. Finally, USA Financial Portformulas Corp lifted its stake in Citigroup by 3,877.8% during the second quarter. USA Financial Portformulas Corp now owns 716 shares of the company’s stock worth $51,000 after purchasing an additional 698 shares during the last quarter. 75.12% of the stock is currently owned by institutional investors and hedge funds.
Shares of C opened at $68.78 on Wednesday. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a 50-day moving average of $69.90 and a 200-day moving average of $72.15. The company has a market cap of $139.40 billion, a PE ratio of 6.91, a P/E/G ratio of 0.87 and a beta of 1.91. Citigroup Inc. has a one year low of $40.49 and a one year high of $80.29.
The company also recently announced a quarterly dividend, which was paid on Friday, August 27th. Shareholders of record on Monday, August 2nd were given a dividend of $0.51 per share. The ex-dividend date was Friday, July 30th. This represents a $2.04 annualized dividend and a dividend yield of 2.97%. Citigroup’s dividend payout ratio is currently 41.80%.
Several equities research analysts have weighed in on C shares. Credit Suisse Group cut their target price on Citigroup from $83.00 to $82.00 and set an “outperform” rating for the company in a research note on Monday, July 19th. Royal Bank of Canada reiterated a “buy” rating and issued a $73.00 price target on shares of Citigroup in a research note on Wednesday, July 7th. Morgan Stanley increased their price target on Citigroup from $89.00 to $91.00 and gave the company an “overweight” rating in a research note on Thursday, July 29th. Keefe, Bruyette & Woods initiated coverage on Citigroup in a research note on Wednesday, July 7th. They issued an “outperform” rating and a $85.00 price target for the company. Finally, Wells Fargo & Company increased their price target on Citigroup from $88.00 to $95.00 and gave the company an “overweight” rating in a research note on Tuesday, June 8th. Six research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $79.97.
Citigroup Company Profile
Citigroup, Inc is a holding company, which engages in the provision of financial products and services. It operates through the following segments: Global Consumer Banking; Institutional Clients Group; and Corporate and Other. The Global Consumer Banking segment provides traditional banking services to retail customers through retail banking, including commercial banking, and Citi-branded cards and Citi retail services.
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