Citigroup Inc. (NYSE:C) Shares Bought by Cim Investment Management Inc.

Cim Investment Management Inc. grew its holdings in shares of Citigroup Inc. (NYSE:C) by 191.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,089 shares of the company’s stock after purchasing an additional 14,515 shares during the period. Citigroup makes up approximately 0.5% of Cim Investment Management Inc.’s investment portfolio, making the stock its 27th largest holding. Cim Investment Management Inc.’s holdings in Citigroup were worth $1,563,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the company. Cooper Financial Group increased its holdings in shares of Citigroup by 2.1% during the first quarter. Cooper Financial Group now owns 7,656 shares of the company’s stock valued at $557,000 after purchasing an additional 154 shares during the period. Guyasuta Investment Advisors Inc. increased its holdings in shares of Citigroup by 0.8% during the second quarter. Guyasuta Investment Advisors Inc. now owns 18,585 shares of the company’s stock valued at $1,315,000 after purchasing an additional 155 shares during the period. Arjuna Capital increased its holdings in shares of Citigroup by 1.5% during the second quarter. Arjuna Capital now owns 10,330 shares of the company’s stock valued at $730,000 after purchasing an additional 156 shares during the period. Lee Financial Co grew its holdings 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 acquiring an additional 161 shares during the period. Finally, Wakefield Asset Management LLLP grew its holdings in Citigroup by 1.3% during the second quarter. Wakefield Asset Management LLLP now owns 12,544 shares of the company’s stock worth $887,000 after acquiring an additional 162 shares during the period. 75.12% of the stock is currently owned by institutional investors.

Shares of Citigroup stock traded up $0.10 during trading on Thursday, hitting $70.36. 1,067,143 shares of the stock traded hands, compared to its average volume of 19,598,801. The stock has a market cap of $142.60 billion, a P/E ratio of 7.07, a PEG ratio of 0.87 and a beta of 1.91. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.94 and a current ratio of 0.94. Citigroup Inc. has a twelve month low of $40.49 and a twelve month high of $80.29. The company has a fifty day moving average price of $71.14 and a two-hundred day moving average price of $71.96.

Citigroup (NYSE:C) last posted its earnings results on Thursday, October 14th. The company reported $2.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.79 by $0.36. Citigroup had a return on equity of 12.10% and a net margin of 27.21%. The firm had revenue of $17.15 billion during the quarter, compared to analyst estimates of $16.93 billion. During the same period in the previous year, the company earned $1.40 EPS. The company’s revenue for the quarter was down .9% on a year-over-year basis. On average, equities research analysts expect that Citigroup Inc. will post 9.97 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, August 27th. Investors of record on Monday, August 2nd were issued a $0.51 dividend. The ex-dividend date of this dividend was Friday, July 30th. This represents a $2.04 annualized dividend and a yield of 2.90%. Citigroup’s dividend payout ratio (DPR) is currently 41.80%.

A number of research analysts recently issued reports on C shares. Royal Bank of Canada reaffirmed a “buy” rating and set a $73.00 target price on shares of Citigroup in a report on Wednesday, July 7th. Keefe, Bruyette & Woods started coverage on Citigroup in a report on Wednesday, July 7th. They set an “outperform” rating and a $85.00 target price on the stock. Piper Sandler lowered their target price on Citigroup from $95.00 to $91.00 and set an “overweight” rating on the stock in a report on Thursday, July 15th. Morgan Stanley lifted their target price on Citigroup from $89.00 to $91.00 and gave the stock an “overweight” rating in a report on Thursday, July 29th. Finally, Jefferies Financial Group lifted their target price on Citigroup from $81.00 to $87.00 and gave the stock a “buy” rating in a report on Monday. Six analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $78.97.

About Citigroup

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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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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