Dupont Capital Management Corp lessened its holdings in shares of Citigroup Inc (NYSE:C) by 4.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 410,473 shares of the financial services provider’s stock after selling 18,540 shares during the period. Citigroup makes up 0.6% of Dupont Capital Management Corp’s portfolio, making the stock its 19th biggest position. Dupont Capital Management Corp’s holdings in Citigroup were worth $29,447,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in C. Regal Investment Advisors LLC increased its holdings in shares of Citigroup by 17.8% during the 3rd quarter. Regal Investment Advisors LLC now owns 5,619 shares of the financial services provider’s stock worth $403,000 after acquiring an additional 849 shares during the last quarter. Cannell Peter B & Co. Inc. acquired a new position in shares of Citigroup during the 3rd quarter worth approximately $5,737,000. Wagner Wealth Management LLC increased its holdings in shares of Citigroup by 42.9% during the 3rd quarter. Wagner Wealth Management LLC now owns 4,256 shares of the financial services provider’s stock worth $305,000 after acquiring an additional 1,277 shares during the last quarter. Poplar Forest Capital LLC increased its holdings in shares of Citigroup by 2.2% during the 3rd quarter. Poplar Forest Capital LLC now owns 797,629 shares of the financial services provider’s stock worth $57,222,000 after acquiring an additional 17,420 shares during the last quarter. Finally, Becker Capital Management Inc. increased its holdings in shares of Citigroup by 0.5% during the 3rd quarter. Becker Capital Management Inc. now owns 644,486 shares of the financial services provider’s stock worth $46,235,000 after acquiring an additional 3,465 shares during the last quarter. Institutional investors and hedge funds own 74.79% of the company’s stock.
Shares of NYSE C opened at $65.76 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.32. Citigroup Inc has a one year low of $63.18 and a one year high of $80.70. The firm has a market capitalization of $175.43 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 0.90 and a beta of 1.47.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 21st. Shareholders of record on Monday, November 5th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date is Friday, November 2nd. Citigroup’s dividend payout ratio is 33.77%.
A number of research analysts recently weighed in on C shares. TheStreet raised Citigroup from a “c” rating to a “b-” rating in a report on Monday, July 30th. Wells Fargo & Co set a $100.00 target price on Citigroup and gave the stock a “buy” rating in a report on Monday, August 27th. Royal Bank of Canada reissued a “buy” rating and set a $85.00 target price on shares of Citigroup in a report on Monday, July 16th. Deutsche Bank boosted their target price on Citigroup from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, September 27th. Finally, Vining Sparks reissued a “buy” rating and set a $77.00 target price on shares of Citigroup in a report on Tuesday, October 9th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and fifteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $82.91.
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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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