Moneta Group Investment Advisors LLC raised its stake in Citigroup Inc (NYSE:C) by 452.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,151 shares of the financial services provider’s stock after buying an additional 58,277 shares during the period. Moneta Group Investment Advisors LLC’s holdings in Citigroup were worth $1,002,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. LFA Lugano Financial Advisors SA bought a new stake in Citigroup during the 1st quarter worth approximately $27,000. Personal Wealth Partners acquired a new stake in Citigroup in the second quarter valued at $27,000. Harvest Group Wealth Management LLC acquired a new stake in Citigroup in the first quarter valued at $28,000. Centaurus Financial Inc. raised its position in Citigroup by 95.1% during the 1st quarter. Centaurus Financial Inc. now owns 1,713 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 835 shares during the last quarter. Finally, Mcmillion Capital Management Inc. bought a new position in Citigroup during the 2nd quarter worth $31,000. 77.09% of the stock is currently owned by hedge funds and other institutional investors.
C traded down $0.30 during trading on Wednesday, hitting $68.68. The company’s stock had a trading volume of 620,730 shares, compared to its average volume of 13,871,125. The firm has a market capitalization of $155.40 billion, a P/E ratio of 10.33, a PEG ratio of 0.75 and a beta of 1.78. Citigroup Inc has a twelve month low of $48.42 and a twelve month high of $75.24. 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 price is $66.03 and its 200-day moving average price is $66.52.
The company also recently declared 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 represents a $2.04 annualized dividend and a yield of 2.97%. This is a positive change from Citigroup’s previous quarterly dividend of $0.45. Citigroup’s dividend payout ratio is presently 30.68%.
In other Citigroup news, insider Michael Whitaker sold 7,500 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $62.03, for a total value of $465,225.00. Following the transaction, the insider now directly owns 93,848 shares of the company’s stock, valued at $5,821,391.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.09% of the company’s stock.
A number of equities research analysts have commented on the company. Morgan Stanley set a $78.00 price target on Citigroup and gave the company a “buy” rating in a research report on Friday, August 9th. Wells Fargo & Co set a $85.00 price objective on Citigroup and gave the stock a “buy” rating in a research report on Friday, August 16th. Goldman Sachs Group raised Citigroup from a “neutral” rating to a “buy” rating and set a $64.51 price objective on the stock in a research note on Thursday, May 30th. Berenberg Bank set a $78.00 target price on Citigroup and gave the company a “buy” rating in a report on Monday, June 17th. Finally, Bank of America cut Citigroup to a “hold” rating in a report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $79.12.
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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