ASB Consultores LLC Has $329,000 Stock Position in Citigroup Inc. (NYSE:C)

ASB Consultores LLC trimmed its position in Citigroup Inc. (NYSE:C) by 37.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,184 shares of the company’s stock after selling 3,132 shares during the quarter. ASB Consultores LLC’s holdings in Citigroup were worth $329,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of C. Price T Rowe Associates Inc. MD increased its position in Citigroup by 123.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 31,716,442 shares of the company’s stock worth $2,005,749,000 after acquiring an additional 17,525,484 shares during the period. Bank of New York Mellon Corp increased its position in Citigroup by 0.8% during the second quarter. Bank of New York Mellon Corp now owns 30,007,284 shares of the company’s stock worth $1,904,262,000 after acquiring an additional 250,716 shares during the period. Fisher Asset Management LLC increased its holdings in Citigroup by 8.0% in the 4th quarter. Fisher Asset Management LLC now owns 24,755,277 shares of the company’s stock valued at $1,273,411,000 after buying an additional 1,836,283 shares during the period. Putnam Investments LLC increased its holdings in Citigroup by 7.9% in the 4th quarter. Putnam Investments LLC now owns 17,775,952 shares of the company’s stock valued at $914,395,000 after buying an additional 1,300,520 shares during the period. Finally, Greenhaven Associates Inc. increased its holdings in Citigroup by 2.1% in the 2nd quarter. Greenhaven Associates Inc. now owns 16,640,846 shares of the company’s stock valued at $1,056,028,000 after buying an additional 349,086 shares during the period. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Stock Up 5.2 %

Citigroup stock opened at $63.02 on Friday. The company’s 50 day simple moving average is $61.40 and its 200 day simple moving average is $61.41. Citigroup Inc. has a fifty-two week low of $38.17 and a fifty-two week high of $67.81. The firm has a market capitalization of $120.21 billion, a price-to-earnings ratio of 17.65, a PEG ratio of 0.62 and a beta of 1.45. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.94 and a quick ratio of 0.94.

Citigroup (NYSE:C) last announced its earnings results on Friday, July 12th. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.39 by $0.13. The firm had revenue of $20.14 billion for the quarter, compared to the consensus estimate of $20.07 billion. Citigroup had a net margin of 4.95% and a return on equity of 6.26%. The business’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period last year, the company posted $1.37 EPS. As a group, sell-side analysts anticipate that Citigroup Inc. will post 5.81 EPS for the current year.

Citigroup Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 5th were issued a $0.56 dividend. The ex-dividend date was Monday, August 5th. This is an increase from Citigroup’s previous quarterly dividend of $0.53. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.55%. Citigroup’s dividend payout ratio (DPR) is 62.75%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Piper Sandler boosted their price target on shares of Citigroup from $70.00 to $73.00 and gave the company an “overweight” rating in a report on Monday, July 15th. Morgan Stanley upped their target price on shares of Citigroup from $66.00 to $79.00 and gave the stock an “overweight” rating in a report on Tuesday, July 30th. BMO Capital Markets upped their target price on shares of Citigroup from $63.00 to $65.00 and gave the stock a “market perform” rating in a report on Thursday, July 11th. Argus upped their target price on shares of Citigroup from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Finally, Royal Bank of Canada upped their target price on shares of Citigroup from $63.00 to $66.00 and gave the stock an “outperform” rating in a report on Monday, June 17th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $68.25.

Citigroup Profile

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.