Citigroup Inc. (NYSE:C) Shares Bought by ProShare Advisors LLC

ProShare Advisors LLC increased its holdings in Citigroup Inc. (NYSE:C) by 5.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 387,318 shares of the company’s stock after acquiring an additional 18,669 shares during the quarter. ProShare Advisors LLC’s holdings in Citigroup were worth $24,579,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of C. Price T Rowe Associates Inc. MD increased its position in shares of Citigroup by 123.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,716,442 shares of the company’s stock worth $2,005,749,000 after purchasing an additional 17,525,484 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Citigroup by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 30,007,284 shares of the company’s stock valued at $1,904,262,000 after buying an additional 250,716 shares during the last quarter. Fisher Asset Management LLC raised its stake in Citigroup by 8.0% during the fourth 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 in the last quarter. Putnam Investments LLC lifted its holdings in Citigroup by 7.9% during the 4th quarter. Putnam Investments LLC now owns 17,775,952 shares of the company’s stock worth $914,395,000 after buying an additional 1,300,520 shares during the last quarter. Finally, Greenhaven Associates Inc. grew its position in shares of Citigroup by 2.1% in the 2nd quarter. Greenhaven Associates Inc. now owns 16,640,846 shares of the company’s stock worth $1,056,028,000 after acquiring an additional 349,086 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on C shares. BMO Capital Markets upped their price target on Citigroup from $63.00 to $65.00 and gave the company a “market perform” rating in a research report on Thursday, July 11th. Oppenheimer lifted their price target on shares of Citigroup from $85.00 to $86.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Morgan Stanley increased their price objective on shares of Citigroup from $66.00 to $79.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 30th. The Goldman Sachs Group decreased their target price on Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. Finally, Evercore ISI increased their price target on Citigroup from $60.00 to $62.00 and gave the stock an “in-line” rating in a research report on Wednesday, July 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Citigroup currently has a consensus rating of “Moderate Buy” and an average price target of $68.25.

Citigroup Trading Up 0.7 %

Shares of NYSE:C opened at $62.58 on Tuesday. The company has a 50 day moving average of $61.30 and a 200-day moving average of $61.53. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.47. The firm has a market cap of $119.37 billion, a P/E ratio of 17.53, a P/E/G ratio of 0.62 and a beta of 1.45. Citigroup Inc. has a twelve month low of $38.17 and a twelve month high of $67.81.

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

Citigroup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 5th were issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 3.58%. This is an increase from Citigroup’s previous quarterly dividend of $0.53. The ex-dividend date was Monday, August 5th. Citigroup’s dividend payout ratio is presently 62.75%.

Citigroup Company 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.