Banque Cantonale Vaudoise Acquires 12,910 Shares of Citigroup Inc. (NYSE:C)

Banque Cantonale Vaudoise grew its holdings in shares of Citigroup Inc. (NYSE:C) by 12.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 113,494 shares of the company’s stock after buying an additional 12,910 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Citigroup were worth $7,104,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Envestnet Portfolio Solutions Inc. grew its stake in Citigroup by 13.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 73,317 shares of the company’s stock worth $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% in 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 in the last quarter. BDF Gestion purchased a new stake in Citigroup during the second quarter worth $3,861,000. KBC Group NV lifted its holdings in Citigroup by 1.8% during the third quarter. KBC Group NV now owns 1,138,511 shares of the company’s stock worth $71,270,000 after buying an additional 20,291 shares during the period. Finally, Chesley Taft & Associates LLC purchased a new stake in Citigroup during the second quarter worth $735,000. Institutional investors own 71.72% of the company’s stock.

Citigroup Price Performance

Shares of C opened at $69.01 on Tuesday. The business’s 50-day moving average is $63.40 and its two-hundred day moving average is $62.66. The company has a market capitalization of $130.52 billion, a P/E ratio of 20.00, a P/E/G ratio of 0.77 and a beta of 1.44. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.96 and a current ratio of 0.96. Citigroup Inc. has a fifty-two week low of $44.56 and a fifty-two week high of $70.20.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.20. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The firm had revenue of $20.32 billion for the quarter, compared to analysts’ expectations of $19.86 billion. During the same period last year, the firm earned $1.52 EPS. The company’s quarterly revenue was up .9% on a year-over-year basis. Research analysts predict that Citigroup Inc. will post 5.85 earnings per share for the current year.

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend was Monday, November 4th. Citigroup’s payout ratio is 64.93%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. The Goldman Sachs Group lowered their target price on Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. Barclays increased their price objective on Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Morgan Stanley decreased their price objective on Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Oppenheimer upped their target price on Citigroup from $91.00 to $107.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Finally, Evercore ISI upped their target price on Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Citigroup has a consensus rating of “Moderate Buy” and a consensus price target of $73.00.

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.