WINTON GROUP Ltd lifted its position in Citigroup Inc (NYSE:C) by 183.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 282,937 shares of the financial services provider’s stock after acquiring an additional 183,098 shares during the period. WINTON GROUP Ltd’s holdings in Citigroup were worth $20,298,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the stock. Legacy Advisors LLC raised its holdings in Citigroup by 349.7% during the 2nd quarter. Legacy Advisors LLC now owns 1,718 shares of the financial services provider’s stock worth $115,000 after buying an additional 1,336 shares during the period. IMA Wealth Inc. acquired a new stake in Citigroup during the 2nd quarter worth approximately $129,000. Arlington Partners LLC acquired a new stake in Citigroup during the 3rd quarter worth approximately $143,000. Peoples Financial Services CORP. grew its stake in shares of Citigroup by 82.8% during the 3rd quarter. Peoples Financial Services CORP. now owns 2,208 shares of the financial services provider’s stock worth $159,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Livingston Group Asset Management CO operating as Southport Capital Management bought a new position in shares of Citigroup during the 3rd quarter worth approximately $166,000. Institutional investors and hedge funds own 74.79% of the company’s stock.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Citigroup from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a research note on Tuesday, October 16th. Wells Fargo & Co set a $100.00 price target on shares of Citigroup and gave the stock a “buy” rating in a research note on Monday, August 27th. TheStreet raised shares of Citigroup from a “c” rating to a “b-” rating in a research note on Monday, July 30th. BMO Capital Markets raised their price target on shares of Citigroup to $92.00 and gave the stock a “market perform” rating in a research note on Monday, October 15th. Finally, Deutsche Bank raised their price target on shares of Citigroup from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, September 27th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and fifteen have issued a buy rating to the company. Citigroup presently has a consensus rating of “Buy” and an average price target of $82.91.
Citigroup (NYSE:C) last released its earnings results on Friday, October 12th. The financial services provider reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.07. Citigroup had a negative net margin of 4.81% and a positive return on equity of 9.42%. The business had revenue of $18.39 billion during the quarter, compared to analysts’ expectations of $18.43 billion. During the same period last year, the business earned $1.42 earnings per share. As a group, sell-side analysts anticipate that Citigroup Inc will post 6.69 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 21st. Investors of record on Monday, November 5th will be paid a $0.45 dividend. The ex-dividend date is Friday, November 2nd. This represents a $1.80 annualized dividend and a dividend yield of 2.63%. Citigroup’s dividend payout ratio is presently 33.77%.
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Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.
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