Schroder Investment Management Group Buys 55,186 Shares of Citigroup Inc. (C)
Schroder Investment Management Group increased its stake in shares of Citigroup Inc. (NYSE:C) by 0.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,960,632 shares of the financial services provider’s stock after purchasing an additional 55,186 shares during the quarter. Citigroup accounts for approximately 1.1% of Schroder Investment Management Group’s holdings, making the stock its 11th biggest position. Schroder Investment Management Group owned approximately 0.33% of Citigroup worth $600,183,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of C. Catamount Wealth Management purchased a new position in Citigroup in the second quarter worth $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in Citigroup by 206.0% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock worth $102,000 after acquiring an additional 1,030 shares in the last quarter. Dubuque Bank & Trust Co. raised its position in Citigroup by 60.8% in the second quarter. Dubuque Bank & Trust Co. now owns 1,584 shares of the financial services provider’s stock worth $106,000 after acquiring an additional 599 shares in the last quarter. Patten Group Inc. raised its position in Citigroup by 6.6% in the first quarter. Patten Group Inc. now owns 1,765 shares of the financial services provider’s stock worth $105,000 after acquiring an additional 110 shares in the last quarter. Finally, Shine Investment Advisory Services Inc. purchased a new position in Citigroup in the second quarter worth $123,000. 72.31% of the stock is owned by hedge funds and other institutional investors.
Shares of Citigroup Inc. (C) opened at 73.50 on Wednesday. The firm has a 50-day moving average price of $72.65 and a 200-day moving average price of $66.58. The firm has a market capitalization of $194.33 billion, a price-to-earnings ratio of 14.19 and a beta of 1.45. Citigroup Inc. has a 52 week low of $47.70 and a 52 week high of $76.14.
Citigroup (NYSE:C) last posted its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.10. The firm had revenue of $18.17 billion for the quarter, compared to analyst estimates of $17.87 billion. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. Citigroup’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.24 earnings per share. On average, equities analysts expect that Citigroup Inc. will post $5.32 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Monday, November 6th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Friday, November 3rd. Citigroup’s payout ratio is 24.66%.
In other Citigroup news, insider Jeffrey R. Walsh sold 5,000 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $68.97, for a total value of $344,850.00. Following the transaction, the insider now owns 56,394 shares in the company, valued at $3,889,494.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Francisco Aristeguieta sold 40,000 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $67.55, for a total value of $2,702,000.00. Following the completion of the transaction, the chief executive officer now owns 77,570 shares in the company, valued at approximately $5,239,853.50. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.
Several research analysts have issued reports on the company. Keefe, Bruyette & Woods set a $75.00 price objective on Citigroup and gave the stock a “buy” rating in a research report on Sunday, August 13th. Wells Fargo & Company reiterated a “buy” rating on shares of Citigroup in a research report on Monday, October 2nd. Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Citigroup in a research report on Wednesday, September 27th. Deutsche Bank AG reiterated a “hold” rating and issued a $67.00 price objective (up previously from $61.00) on shares of Citigroup in a research report on Tuesday, September 26th. Finally, Atlantic Securities reiterated an “overweight” rating and issued a $85.00 price objective (up previously from $75.00) on shares of Citigroup in a research report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. Citigroup has a consensus rating of “Buy” and an average price target of $74.77.
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Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.
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