Caxton Associates LP Boosts Holdings in Citigroup Inc (C)
Caxton Associates LP raised its position in shares of Citigroup Inc (NYSE:C) by 30.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 150,000 shares of the financial services provider’s stock after acquiring an additional 35,000 shares during the period. Caxton Associates LP’s holdings in Citigroup were worth $10,911,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the business. Catamount Wealth Management acquired a new position in shares of Citigroup during the second quarter worth about $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake in shares of Citigroup by 206.0% during 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 purchasing an additional 1,030 shares in the last quarter. Balentine LLC lifted its stake in shares of Citigroup by 20.2% during the second quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 272 shares in the last quarter. Acrospire Investment Management LLC lifted its stake in shares of Citigroup by 21.4% during the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 300 shares in the last quarter. Finally, Shine Investment Advisory Services Inc. acquired a new position in shares of Citigroup during the second quarter worth about $123,000. 78.61% of the stock is owned by hedge funds and other institutional investors.
C has been the topic of a number of recent research reports. Nomura boosted their price objective on Citigroup from $80.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, October 13th. Credit Suisse Group restated a “buy” rating and set a $83.00 price objective (up previously from $73.00) on shares of Citigroup in a research note on Monday, October 9th. They noted that the move was a valuation call. Wells Fargo & Co restated a “buy” rating on shares of Citigroup in a research note on Monday, October 2nd. BidaskClub cut Citigroup from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 17th. Finally, Vetr upgraded Citigroup from a “hold” rating to a “buy” rating and set a $80.92 price objective on the stock in a research note on Monday, December 4th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $79.30.
Citigroup (NYSE:C) last posted its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.09. The company had revenue of $17.26 billion during the quarter, compared to analyst estimates of $17.23 billion. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The business’s revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.14 earnings per share. equities research analysts expect that Citigroup Inc will post 6.33 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Monday, February 5th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Friday, February 2nd. Citigroup’s dividend payout ratio (DPR) is presently 23.06%.
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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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