Citigroup Inc. (NYSE:C) Shares Acquired by Blume Capital Management Inc.

Blume Capital Management Inc. increased its holdings in Citigroup Inc. (NYSE:C) by 2.8% during the second quarter, HoldingsChannel.com reports. The fund owned 115,494 shares of the company’s stock after buying an additional 3,110 shares during the period. Citigroup makes up approximately 3.0% of Blume Capital Management Inc.’s holdings, making the stock its 14th largest holding. Blume Capital Management Inc.’s holdings in Citigroup were worth $8,171,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Banco Santander S.A. increased its stake in Citigroup by 41.4% in the 1st quarter. Banco Santander S.A. now owns 541,707 shares of the company’s stock valued at $39,409,000 after buying an additional 158,513 shares during the period. Deseret Mutual Benefit Administrators acquired a new position in Citigroup in the 2nd quarter valued at $2,569,000. Banque Pictet & Cie SA increased its stake in Citigroup by 49.1% in the 1st quarter. Banque Pictet & Cie SA now owns 267,408 shares of the company’s stock valued at $19,454,000 after buying an additional 88,058 shares during the period. Red Cedar Investment Management LLC increased its stake in Citigroup by 161.2% in the 1st quarter. Red Cedar Investment Management LLC now owns 29,405 shares of the company’s stock valued at $2,139,000 after buying an additional 18,148 shares during the period. Finally, L & S Advisors Inc acquired a new position in Citigroup in the 1st quarter valued at $4,690,000. 75.12% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have commented on C. Morgan Stanley boosted their target price on shares of Citigroup from $89.00 to $91.00 and gave the stock an “overweight” rating in a research report on Thursday, July 29th. Keefe, Bruyette & Woods began coverage on shares of Citigroup in a research report on Wednesday, July 7th. They set an “outperform” rating and a $85.00 target price on the stock. Credit Suisse Group decreased their target price on shares of Citigroup from $83.00 to $82.00 and set an “outperform” rating on the stock in a research report on Monday, July 19th. Piper Sandler decreased their target price on shares of Citigroup from $95.00 to $91.00 and set an “overweight” rating on the stock in a research report on Thursday, July 15th. Finally, Wells Fargo & Company boosted their target price on shares of Citigroup from $88.00 to $95.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 8th. Six research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Citigroup currently has a consensus rating of “Buy” and a consensus price target of $79.97.

NYSE:C traded up $0.89 on Wednesday, reaching $69.67. The stock had a trading volume of 320,507 shares, compared to its average volume of 19,533,953. Citigroup Inc. has a 12-month low of $40.49 and a 12-month high of $80.29. The firm’s fifty day moving average is $69.90 and its two-hundred day moving average is $72.15. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market cap of $141.21 billion, a price-to-earnings ratio of 6.91, a P/E/G ratio of 0.87 and a beta of 1.91.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, July 13th. The company reported $2.85 EPS for the quarter, beating the Zacks’ consensus estimate of $1.94 by $0.91. Citigroup had a net margin of 27.21% and a return on equity of 12.10%. The company had revenue of $17.50 billion during the quarter, compared to the consensus estimate of $17.18 billion. During the same quarter in the prior year, the company posted $0.50 EPS. The company’s quarterly revenue was down 11.5% compared to the same quarter last year. As a group, research analysts forecast that Citigroup Inc. will post 9.97 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 27th. Investors of record on Monday, August 2nd were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date was Friday, July 30th. Citigroup’s dividend payout ratio (DPR) is presently 41.80%.

Citigroup Profile

Citigroup, Inc is a holding company, which engages in the provision of financial products and services. It operates through the following segments: Global Consumer Banking; Institutional Clients Group; and Corporate and Other. The Global Consumer Banking segment provides traditional banking services to retail customers through retail banking, including commercial banking, and Citi-branded cards and Citi retail services.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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