P.R. Herzig & Co. Inc. Reduces Stake in Citigroup Inc. (C)
P.R. Herzig & Co. Inc. trimmed its stake in shares of Citigroup Inc. (NYSE:C) by 6.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,425 shares of the financial services provider’s stock after selling 1,500 shares during the quarter. Citigroup comprises 3.0% of P.R. Herzig & Co. Inc.’s portfolio, making the stock its 14th largest position. P.R. Herzig & Co. Inc.’s holdings in Citigroup were worth $1,558,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. Catamount Wealth Management acquired a new stake in Citigroup in the 2nd quarter valued at approximately $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in Citigroup by 206.0% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock valued at $102,000 after acquiring an additional 1,030 shares during the period. Patten Group Inc. increased its position in Citigroup by 6.6% in the 1st quarter. Patten Group Inc. now owns 1,765 shares of the financial services provider’s stock valued at $105,000 after acquiring an additional 110 shares during the period. Balentine LLC increased its position in Citigroup by 20.2% in the 2nd quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 272 shares during the period. Finally, Acrospire Investment Management LLC increased its position in Citigroup by 21.4% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock valued at $114,000 after acquiring an additional 300 shares during the period. Institutional investors and hedge funds own 78.59% of the company’s stock.
Several analysts recently commented on C shares. Wells Fargo & Company started coverage on Citigroup in a research report on Wednesday, August 9th. They issued an “outperform” rating and a $90.00 target price on the stock. set a $74.00 price target on Citigroup and gave the company a “hold” rating in a research note on Friday, August 11th. Keefe, Bruyette & Woods set a $75.00 price target on Citigroup and gave the company a “buy” rating in a research note on Sunday, August 13th. ValuEngine raised Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Finally, Societe Generale raised Citigroup from a “sell” rating to a “hold” rating and increased their price target for the company from $63.00 to $70.00 in a research note on Monday, September 11th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $75.83.
Shares of Citigroup Inc. (NYSE C) opened at $75.44 on Thursday. The firm has a market capitalization of $202,371.91, a price-to-earnings ratio of 14.75, a PEG ratio of 1.50 and a beta of 1.55. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.01 and a current ratio of 1.01. Citigroup Inc. has a one year low of $55.23 and a one year high of $77.92.
Citigroup (NYSE:C) last released its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.10. The business had revenue of $18.17 billion during 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%. The company’s revenue was up 2.3% compared to the same quarter last year. During the same period last year, the company posted $1.24 EPS. research analysts anticipate that Citigroup Inc. will post 5.31 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Monday, November 6th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend was Friday, November 3rd. Citigroup’s dividend payout ratio is presently 24.66%.
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Citigroup Company Profile
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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