Duality Advisers LP acquired a new position in Citigroup Inc (NYSE:C) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 57,307 shares of the financial services provider’s stock, valued at approximately $2,928,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Banco Santander S.A. boosted its holdings in shares of Citigroup by 553.4% in the 1st quarter. Banco Santander S.A. now owns 1,980,083 shares of the financial services provider’s stock valued at $83,401,000 after buying an additional 1,677,052 shares in the last quarter. Banque Cantonale Vaudoise lifted its stake in Citigroup by 14.3% during the 2nd quarter. Banque Cantonale Vaudoise now owns 90,285 shares of the financial services provider’s stock valued at $4,613,000 after acquiring an additional 11,328 shares during the period. Private Asset Management Inc. boosted its holdings in shares of Citigroup by 6.6% in the 2nd quarter. Private Asset Management Inc. now owns 222,420 shares of the financial services provider’s stock valued at $11,366,000 after acquiring an additional 13,826 shares during the last quarter. Advisor Group Holdings Inc. acquired a new stake in shares of Citigroup in the first quarter worth $13,970,000. Finally, AXA raised its holdings in shares of Citigroup by 5.2% during the first quarter. AXA now owns 726,364 shares of the financial services provider’s stock worth $30,594,000 after purchasing an additional 35,614 shares during the last quarter. 77.29% of the stock is owned by institutional investors and hedge funds.

C opened at $50.01 on Friday. The company has a market capitalization of $105.90 billion, a PE ratio of 9.35, a price-to-earnings-growth ratio of 1.49 and a beta of 1.82. The business has a 50-day moving average of $51.41 and a 200-day moving average of $55.63. Citigroup Inc has a fifty-two week low of $32.00 and a fifty-two week high of $83.11. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.98 and a quick ratio of 0.99.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, July 14th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. The company had revenue of $19.77 billion during the quarter, compared to analysts’ expectations of $19.06 billion. Citigroup had a net margin of 13.64% and a return on equity of 7.40%. Citigroup’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.95 earnings per share. On average, equities research analysts expect that Citigroup Inc will post 3.25 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Monday, August 3rd will be issued a $0.51 dividend. The ex-dividend date is Friday, July 31st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.08%. Citigroup’s dividend payout ratio (DPR) is presently 26.91%.

A number of research firms have weighed in on C. ValuEngine upgraded Citigroup from a “sell” rating to a “hold” rating in a research note on Thursday, July 2nd. Oppenheimer reduced their price target on Citigroup from $106.00 to $101.00 and set an “outperform” rating for the company in a research report on Tuesday, July 14th. Standpoint Research lowered Citigroup from a “buy” rating to a “hold” rating in a research report on Tuesday, June 9th. Odeon Capital Group lowered shares of Citigroup from a “buy” rating to a “hold” rating and set a $59.00 target price for the company. in a report on Friday, July 17th. Finally, Argus upgraded shares of Citigroup from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research note on Monday, April 20th. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $74.03.

Citigroup 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).

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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