Citigroup Inc. (NYSE:C) Position Increased by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG raised its holdings in shares of Citigroup Inc. (NYSE:CGet Rating) by 9.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 115,817 shares of the company’s stock after buying an additional 10,375 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Citigroup were worth $5,326,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Horan Securities Inc. boosted its stake in Citigroup by 18.0% in the 2nd quarter. Horan Securities Inc. now owns 1,269 shares of the company’s stock worth $64,000 after purchasing an additional 194 shares during the period. Zullo Investment Group Inc. boosted its stake in Citigroup by 5.3% in the 2nd quarter. Zullo Investment Group Inc. now owns 3,839 shares of the company’s stock worth $177,000 after purchasing an additional 194 shares during the period. Rise Advisors LLC boosted its stake in Citigroup by 30.6% in the 2nd quarter. Rise Advisors LLC now owns 846 shares of the company’s stock worth $39,000 after purchasing an additional 198 shares during the period. Founders Capital Management boosted its stake in Citigroup by 28.6% in the 2nd quarter. Founders Capital Management now owns 900 shares of the company’s stock worth $41,000 after purchasing an additional 200 shares during the period. Finally, Clearview Wealth Advisors LLC boosted its stake in Citigroup by 11.7% in the 2nd quarter. Clearview Wealth Advisors LLC now owns 1,979 shares of the company’s stock worth $91,000 after purchasing an additional 208 shares during the period. 71.46% of the stock is currently owned by institutional investors.

Citigroup Stock Performance

C traded down $1.09 during trading on Thursday, hitting $48.24. The stock had a trading volume of 22,863,301 shares, compared to its average volume of 16,469,885. The firm has a market cap of $93.43 billion, a PE ratio of 6.61, a P/E/G ratio of 0.72 and a beta of 1.58. Citigroup Inc. has a 12 month low of $40.01 and a 12 month high of $69.11. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.40. The company has a 50 day simple moving average of $45.29 and a 200-day simple moving average of $48.30.

Citigroup (NYSE:CGet Rating) last announced its earnings results on Friday, October 14th. The company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.46 by $0.17. The firm had revenue of $18.51 billion for the quarter, compared to the consensus estimate of $18.28 billion. Citigroup had a net margin of 17.31% and a return on equity of 9.14%. The business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.49 EPS. Analysts expect that Citigroup Inc. will post 7.09 EPS for the current year.

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 23rd. Shareholders of record on Monday, November 7th were given a $0.51 dividend. The ex-dividend date of this dividend was Friday, November 4th. This represents a $2.04 annualized dividend and a yield of 4.23%. Citigroup’s dividend payout ratio is 27.95%.

Insiders Place Their Bets

In other Citigroup news, insider Citigroup Inc sold 4,614,358 shares of the firm’s stock in a transaction on Monday, September 12th. The shares were sold at an average price of $36.25, for a total value of $167,270,477.50. Following the sale, the insider now directly owns 15,318 shares in the company, valued at approximately $555,277.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

C has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Citigroup from $55.00 to $52.00 and set a “hold” rating for the company in a research note on Monday, September 12th. The Goldman Sachs Group downgraded shares of Citigroup from a “buy” rating to a “neutral” rating and cut their target price for the stock from $54.00 to $47.00 in a research report on Monday, October 3rd. Credit Suisse Group set a $54.00 target price on shares of Citigroup in a research report on Monday, October 10th. Oppenheimer cut their target price on shares of Citigroup to $79.00 in a research report on Thursday, October 20th. Finally, Barclays cut their target price on shares of Citigroup from $64.00 to $57.00 and set an “equal weight” rating for the company in a research report on Monday, October 17th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $58.60.

Citigroup Company Profile

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Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in 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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