Xponance Inc. Has $16.73 Million Stock Holdings in Citigroup Inc. (NYSE:C)

Xponance Inc. lessened its holdings in Citigroup Inc. (NYSE:C) by 12.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 263,653 shares of the company’s stock after selling 37,794 shares during the quarter. Xponance Inc.’s holdings in Citigroup were worth $16,731,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Gryphon Financial Partners LLC boosted its holdings in shares of Citigroup by 215.7% during the 4th quarter. Gryphon Financial Partners LLC now owns 15,561 shares of the company’s stock valued at $800,000 after acquiring an additional 10,632 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Citigroup by 0.3% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 153,782 shares of the company’s stock valued at $7,911,000 after acquiring an additional 454 shares in the last quarter. SageView Advisory Group LLC raised its position in Citigroup by 50.3% during the 4th quarter. SageView Advisory Group LLC now owns 14,361 shares of the company’s stock worth $820,000 after purchasing an additional 4,807 shares during the last quarter. Orion Portfolio Solutions LLC raised its position in Citigroup by 2.5% during the 4th quarter. Orion Portfolio Solutions LLC now owns 111,487 shares of the company’s stock worth $6,021,000 after purchasing an additional 2,730 shares during the last quarter. Finally, Congress Wealth Management LLC DE raised its position in Citigroup by 2.7% during the 4th quarter. Congress Wealth Management LLC DE now owns 76,773 shares of the company’s stock worth $3,949,000 after purchasing an additional 1,999 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Analyst Ratings Changes

C has been the subject of several analyst reports. Keefe, Bruyette & Woods raised their target price on Citigroup from $66.00 to $69.00 and gave the stock a “market perform” rating in a research report on Thursday, June 20th. The Goldman Sachs Group lowered their target price on Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. BMO Capital Markets raised their target price on Citigroup from $63.00 to $65.00 and gave the stock a “market perform” rating in a research report on Thursday, July 11th. Morgan Stanley raised their target price on Citigroup from $66.00 to $79.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 30th. Finally, Oppenheimer lifted their price objective on Citigroup from $85.00 to $86.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $68.25.

Citigroup Stock Performance

Shares of Citigroup stock opened at $62.14 on Monday. Citigroup Inc. has a one year low of $38.17 and a one year high of $67.81. The firm has a market capitalization of $118.53 billion, a price-to-earnings ratio of 17.41, a PEG ratio of 0.62 and a beta of 1.45. The business has a 50-day simple moving average of $61.30 and a 200 day simple moving average of $61.50. 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 released 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. The business had revenue of $20.14 billion during the quarter, compared to the consensus estimate of $20.07 billion. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. The company’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.37 EPS. On average, research analysts anticipate that Citigroup Inc. will post 5.81 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 5th were paid a dividend of $0.56 per share. The ex-dividend date was Monday, August 5th. This represents a $2.24 dividend on an annualized basis and a yield of 3.60%. This is an increase from Citigroup’s previous quarterly dividend of $0.53. Citigroup’s payout ratio is 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.