MML Investors Services LLC boosted its position in Citigroup Inc (NYSE:C) by 7.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,815 shares of the financial services provider’s stock after acquiring an additional 3,962 shares during the quarter. MML Investors Services LLC’s holdings in Citigroup were worth $4,259,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LFA Lugano Financial Advisors SA bought a new position in Citigroup in the first quarter valued at $27,000. Personal Wealth Partners bought a new position in Citigroup in the second quarter valued at $27,000. Harvest Group Wealth Management LLC bought a new position in Citigroup in the first quarter valued at $28,000. Centaurus Financial Inc. increased its stake in Citigroup by 95.1% in the first quarter. Centaurus Financial Inc. now owns 1,713 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 835 shares during the last quarter. Finally, Mcmillion Capital Management Inc. bought a new position in Citigroup in the second quarter valued at $31,000. 77.09% of the stock is currently owned by institutional investors and hedge funds.

Shares of Citigroup stock traded up $1.36 during trading on Friday, reaching $70.66. 832,943 shares of the stock were exchanged, compared to its average volume of 13,822,949. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.40. The stock’s fifty day moving average is $65.97 and its 200 day moving average is $66.54. The firm has a market cap of $155.83 billion, a price-to-earnings ratio of 10.63, a price-to-earnings-growth ratio of 0.75 and a beta of 1.78. Citigroup Inc has a 1 year low of $48.42 and a 1 year high of $75.24.

Citigroup (NYSE:C) last issued its quarterly earnings data on Monday, July 15th. The financial services provider reported $1.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.17. Citigroup had a net margin of 18.24% and a return on equity of 10.10%. The business had revenue of $18.76 billion during the quarter, compared to analyst estimates of $18.49 billion. During the same period last year, the business posted $1.63 earnings per share. Citigroup’s quarterly revenue was up 1.6% compared to the same quarter last year. Equities analysts forecast that Citigroup Inc will post 7.56 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 5th were issued a $0.51 dividend. The ex-dividend date of this dividend was Friday, August 2nd. This is a positive change from Citigroup’s previous quarterly dividend of $0.45. This represents a $2.04 annualized dividend and a yield of 2.89%. Citigroup’s dividend payout ratio (DPR) is 30.68%.

In other Citigroup news, insider Michael Whitaker sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $62.03, for a total value of $465,225.00. Following the completion of the sale, the insider now directly owns 93,848 shares in the company, valued at $5,821,391.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.09% of the company’s stock.

A number of research analysts recently commented on the company. ValuEngine cut Citigroup from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. BMO Capital Markets lowered shares of Citigroup to a “hold” rating in a report on Friday, July 26th. Bank of America lowered shares of Citigroup to a “hold” rating in a report on Friday, July 26th. JPMorgan Chase & Co. increased their target price on shares of Citigroup from $75.00 to $77.00 and gave the stock an “overweight” rating in a report on Tuesday, July 9th. Finally, Morgan Stanley set a $78.00 target price on shares of Citigroup and gave the stock a “buy” rating in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $79.12.

Citigroup Company Profile

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

See Also: Hedge Funds – Risk or Reward?

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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