Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Acquires 75,478 Shares of Citigroup Inc. (NYSE:C)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in Citigroup Inc. (NYSE:CGet Rating) by 8.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,009,472 shares of the company’s stock after purchasing an additional 75,478 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Citigroup were worth $53,906,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of C. Outfitter Financial LLC purchased a new position in Citigroup during the fourth quarter valued at approximately $30,000. FSB Premier Wealth Management Inc. purchased a new position in Citigroup during the fourth quarter valued at approximately $31,000. Gordian Capital Singapore Pte Ltd purchased a new position in Citigroup during the fourth quarter valued at approximately $31,000. AHL Investment Management Inc. purchased a new position in Citigroup in the 4th quarter worth approximately $32,000. Finally, Valley Forge Investment Consultants Inc. ADV grew its stake in Citigroup by 98.1% in the 4th quarter. Valley Forge Investment Consultants Inc. ADV now owns 535 shares of the company’s stock worth $32,000 after buying an additional 265 shares in the last quarter. Institutional investors own 74.91% of the company’s stock.

Citigroup Trading Up 0.8 %

NYSE:C opened at $51.66 on Friday. The company has a fifty day moving average of $49.22 and a 200 day moving average of $53.97. Citigroup Inc. has a 52 week low of $43.44 and a 52 week high of $74.64. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 1.43. The firm has a market capitalization of $102.33 billion, a P/E ratio of 6.61, a P/E/G ratio of 0.64 and a beta of 1.60.

Citigroup (NYSE:CGet Rating) last posted its quarterly earnings results on Friday, July 15th. The company reported $2.19 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.57. Citigroup had a net margin of 20.06% and a return on equity of 10.25%. The company had revenue of $19.64 billion during the quarter, compared to analyst estimates of $18.32 billion. During the same period in the prior year, the business posted $2.84 EPS. The firm’s revenue was up 10.6% compared to the same quarter last year. On average, research analysts predict that Citigroup Inc. will post 7.21 earnings per share for the current year.

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 26th. Investors of record on Monday, August 1st will be issued a dividend of $0.51 per share. The ex-dividend date is Friday, July 29th. This represents a $2.04 dividend on an annualized basis and a yield of 3.95%. Citigroup’s dividend payout ratio is currently 26.09%.

Analysts Set New Price Targets

A number of research firms have commented on C. Wells Fargo & Company cut their price target on shares of Citigroup from $70.00 to $60.00 and set an “overweight” rating for the company in a research note on Friday, July 1st. Royal Bank of Canada cut their price target on shares of Citigroup from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Monday, June 27th. TheStreet cut shares of Citigroup from a “b-” rating to a “c+” rating in a research note on Tuesday, June 21st. Barclays cut their price target on shares of Citigroup from $67.00 to $64.00 and set an “equal weight” rating for the company in a research note on Monday, July 18th. Finally, Cfra reissued a “buy” rating and issued a $62.00 price target on shares of Citigroup in a research note on Friday, July 15th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Citigroup currently has an average rating of “Hold” and a consensus target price of $62.95.

Citigroup Profile

(Get Rating)

Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

Read More

Want to see what other hedge funds are holding C? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citigroup Inc. (NYSE:CGet Rating).

Institutional Ownership by Quarter for Citigroup (NYSE:C)

Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.