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Oregon Public Employees Retirement Fund lowered its stake in shares of Citigroup Inc. (NYSE:C – Get Rating) by 1.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 692,253 shares of the company’s stock after selling 9,600 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Citigroup were worth $28,846,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. Waterfront Wealth Inc. lifted its holdings in shares of Citigroup by 6.2% in the third quarter. Waterfront Wealth Inc. now owns 7,522 shares of the company’s stock valued at $346,000 after purchasing an additional 436 shares in the last quarter. Brinker Capital Investments LLC lifted its holdings in shares of Citigroup by 8.1% in the third quarter. Brinker Capital Investments LLC now owns 20,372 shares of the company’s stock valued at $849,000 after purchasing an additional 1,523 shares in the last quarter. Clarity Wealth Advisors LLC lifted its holdings in shares of Citigroup by 8.7% in the third quarter. Clarity Wealth Advisors LLC now owns 51,958 shares of the company’s stock valued at $2,165,000 after purchasing an additional 4,166 shares in the last quarter. Triumph Capital Management lifted its holdings in shares of Citigroup by 11.4% in the third quarter. Triumph Capital Management now owns 8,168 shares of the company’s stock valued at $340,000 after purchasing an additional 834 shares in the last quarter. Finally, Fortem Financial Group LLC purchased a new stake in shares of Citigroup in the third quarter valued at about $363,000. Hedge funds and other institutional investors own 70.90% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on C shares. The Goldman Sachs Group downgraded shares of Citigroup from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $54.00 to $47.00 in a research note on Monday, October 3rd. BMO Capital Markets reduced their price objective on shares of Citigroup from $76.00 to $71.00 and set an “outperform” rating on the stock in a research note on Monday, October 17th. Piper Sandler started coverage on shares of Citigroup in a research note on Thursday, December 8th. They set a “neutral” rating and a $48.00 price objective on the stock. Oppenheimer reduced their price objective on shares of Citigroup from $90.00 to $87.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 28th. Finally, Barclays upped their price objective on shares of Citigroup from $57.00 to $61.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 3rd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Citigroup currently has an average rating of “Hold” and an average target price of $57.32.
Citigroup Trading Up 1.7 %
Shares of Citigroup stock traded up $0.83 during trading hours on Friday, hitting $49.92. The company’s stock had a trading volume of 28,036,991 shares, compared to its average volume of 15,390,742. Citigroup Inc. has a 1-year low of $40.01 and a 1-year high of $69.11. The business has a fifty day moving average of $46.65 and a 200 day moving average of $47.42. The company has a market capitalization of $96.69 billion, a PE ratio of 7.13, a P/E/G ratio of 1.61 and a beta of 1.56. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.40.
Citigroup (NYSE:C – Get Rating) last released its quarterly earnings results on Friday, October 14th. The company reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.17. The business had revenue of $18.51 billion during the quarter, compared to analyst estimates of $18.28 billion. Citigroup had a net margin of 17.31% and a return on equity of 9.14%. The business’s revenue was up 5.9% on a year-over-year basis. During the same period last year, the business earned $2.49 EPS. As a group, equities analysts forecast that Citigroup Inc. will post 6.2 EPS for the current year.
Citigroup Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, February 24th. Investors of record on Monday, February 6th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date of this dividend is Friday, February 3rd. Citigroup’s payout ratio is 29.14%.
About Citigroup
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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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