Point72 Asia Singapore Pte. Ltd. Acquires New Position in Citigroup Inc. (NYSE:C)

Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Citigroup Inc. (NYSE:C) in the third quarter, HoldingsChannel reports. The institutional investor acquired 14,685 shares of the company’s stock, valued at approximately $919,000.

A number of other hedge funds also recently made changes to their positions in the stock. True Wealth Design LLC bought a new position in shares of Citigroup during the 3rd quarter valued at approximately $67,000. Caisse DE Depot ET Placement DU Quebec boosted its stake in Citigroup by 70.0% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,531,827 shares of the company’s stock worth $283,692,000 after purchasing an additional 1,865,628 shares during the period. Captrust Financial Advisors boosted its stake in Citigroup by 3.3% in the 3rd quarter. Captrust Financial Advisors now owns 935,171 shares of the company’s stock worth $58,542,000 after purchasing an additional 30,299 shares during the period. Atlantic Union Bankshares Corp boosted its stake in Citigroup by 15.4% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 34,598 shares of the company’s stock worth $2,166,000 after purchasing an additional 4,630 shares during the period. Finally, Martingale Asset Management L P bought a new position in Citigroup in the 3rd quarter worth approximately $316,000. 71.72% of the stock is currently owned by institutional investors.

Citigroup Stock Performance

NYSE:C opened at $70.87 on Monday. The stock’s fifty day moving average is $65.30 and its 200 day moving average is $63.08. Citigroup Inc. has a fifty-two week low of $45.58 and a fifty-two week high of $71.19. The firm has a market capitalization of $134.03 billion, a PE ratio of 20.54, a PEG ratio of 0.79 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 (NYSE:C) last announced its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.31 by $0.20. The company had revenue of $20.32 billion for the quarter, compared to the consensus estimate of $19.86 billion. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. Citigroup’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.52 EPS. On average, sell-side analysts anticipate that Citigroup Inc. will post 5.85 earnings per share for the current year.

Citigroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were given a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 3.16%. The ex-dividend date was Monday, November 4th. Citigroup’s dividend payout ratio (DPR) is presently 64.93%.

Analyst Ratings Changes

Several research firms have weighed in on C. Evercore ISI upped their price target on Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 16th. Wells Fargo & Company upped their price target on Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Morgan Stanley dropped their price target on Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. The Goldman Sachs Group decreased their price objective on Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Finally, Oppenheimer upped their price objective on Citigroup from $91.00 to $107.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Citigroup currently has an average rating of “Moderate Buy” and a consensus target price of $73.00.

Citigroup Profile

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.