2 weeks Ago By ABMN Staff
Susquehanna Fundamental Investments LLC increased its position in Citigroup Inc. ( NYSE:C – Free Report ) by 7.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC).
The firm owned 552,341 shares of the company’s stock after purchasing an additional 37,000 shares during the quarter. Citigroup makes up 0.8% of Susquehanna Fundamental Investments LLC’s portfolio, making the stock its 15th largest holding.
Susquehanna Fundamental Investments LLC’s holdings in Citigroup were worth $35,052,000 at the end of the most recent quarter. A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. MONECO Advisors LLC grew its holdings in shares of Citigroup by 2.
9% during the 2nd quarter. MONECO Advisors LLC now owns 5,542 shares of the company’s stock worth $352,000 after purchasing an additional 157 shares in the last quarter. Pinnacle Wealth Planning Services Inc.
grew its holdings in shares of Citigroup by 4.0% during the 1st quarter. Pinnacle Wealth Planning Services Inc.
now owns 4,295 shares of the company’s stock worth $272,000 after purchasing an additional 164 shares in the last quarter. NorthRock Partners LLC grew its holdings in shares of Citigroup by 2.7% during the 1st quarter.
NorthRock Partners LLC now owns 6,288 shares of the company’s stock worth $398,000 after purchasing an additional 165 shares in the last quarter. Legacy Capital Group California Inc. grew its holdings in shares of Citigroup by 1.
0% during the 2nd quarter. Legacy Capital Group California Inc. now owns 16,596 shares of the company’s stock worth $1,053,000 after purchasing an additional 169 shares in the last quarter.
Finally, Gries Financial LLC grew its holdings in shares of Citigroup by 3.0% during the 2nd quarter. Gries Financial LLC now owns 6,000 shares of the company’s stock worth $381,000 after purchasing an additional 176 shares in the last quarter.
71.72% of the stock is owned by institutional investors. Citigroup Trading Up 0.
3 % NYSE C opened at $61.87 on Friday. The company has a market cap of $118.
04 billion, a price-to-earnings ratio of 17.33, a P/E/G ratio of 0.69 and a beta of 1.
45. Citigroup Inc. has a 52 week low of $38.
17 and a 52 week high of $67.81. The business has a 50 day moving average price of $60.
85 and a 200-day moving average price of $61.62. The company has a quick ratio of 0.
94, a current ratio of 0.94 and a debt-to-equity ratio of 1.47.
Citigroup Increases Dividend The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 5th were issued a $0.56 dividend.
The ex-dividend date of this dividend was Monday, August 5th. This represents a $2.24 annualized dividend and a yield of 3.
62%. This is a boost from Citigroup’s previous quarterly dividend of $0.53.
Citigroup’s dividend payout ratio (DPR) is 62.75%. Analysts Set New Price Targets Several analysts have recently issued reports on C shares.
Argus increased their target price on Citigroup from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, July 15th.
Morgan Stanley raised their price objective on Citigroup from $66.00 to $79.00 and gave the company an “overweight” rating in a research note on Tuesday, July 30th.
Oppenheimer raised their price objective on Citigroup from $85.00 to $86.00 and gave the company an “outperform” rating in a research note on Monday, July 15th.
Piper Sandler raised their price objective on Citigroup from $70.00 to $73.00 and gave the company an “overweight” rating in a research note on Monday, July 15th.
Finally, Evercore ISI raised their price objective on Citigroup from $60.00 to $62.00 and gave the company an “in-line” rating in a research note on Wednesday, July 3rd.
One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $68.25.
View Our Latest Research Report on C About Citigroup ( Free Report ) Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S.
Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions. Featured Articles Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.
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