Miles Capital Inc. lifted its holdings in shares of Citigroup Inc. (NYSE:C) by 7.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,817 shares of the financial services provider’s stock after buying an additional 408 shares during the period. Miles Capital Inc.’s holdings in Citigroup were worth $389,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the stock. Investors Asset Management of Georgia Inc. GA ADV boosted its position in shares of Citigroup by 0.8% during the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 5,359 shares of the financial services provider’s stock valued at $358,000 after buying an additional 40 shares during the last quarter. Leisure Capital Management boosted its position in Citigroup by 1.6% in the second quarter. Leisure Capital Management now owns 3,763 shares of the financial services provider’s stock worth $252,000 after purchasing an additional 59 shares during the last quarter. Regal Investment Advisors LLC boosted its position in Citigroup by 2.0% in the first quarter. Regal Investment Advisors LLC now owns 3,800 shares of the financial services provider’s stock worth $227,000 after purchasing an additional 74 shares during the last quarter. Halbert Hargrove Russell LLC boosted its position in Citigroup by 1.6% in the second quarter. Halbert Hargrove Russell LLC now owns 4,736 shares of the financial services provider’s stock worth $317,000 after purchasing an additional 74 shares during the last quarter. Finally, Usca Ria LLC boosted its position in Citigroup by 0.3% in the second quarter. Usca Ria LLC now owns 34,375 shares of the financial services provider’s stock worth $2,299,000 after purchasing an additional 90 shares during the last quarter. 77.98% of the stock is currently owned by institutional investors.
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Citigroup (NYSE:C) last released its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.10. The business had revenue of $18.17 billion during the quarter, compared to analysts’ expectations of $17.87 billion. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.24 EPS. equities research analysts expect that Citigroup Inc. will post 5.31 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Monday, November 6th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend was Friday, November 3rd. Citigroup’s dividend payout ratio is presently 24.66%.
C has been the topic of several research reports. J P Morgan Chase & Co set a $73.50 target price on Citigroup and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Vetr cut Citigroup from a “strong-buy” rating to a “buy” rating and set a $76.22 target price on the stock. in a research report on Monday, July 31st. Keefe, Bruyette & Woods set a $75.00 target price on Citigroup and gave the stock a “buy” rating in a research report on Sunday, August 13th. BidaskClub raised Citigroup from a “hold” rating to a “buy” rating in a research report on Thursday, September 21st. Finally, Credit Suisse Group reissued a “buy” rating and issued a $73.00 target price on shares of Citigroup in a research report on Wednesday, September 13th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $75.61.
Citigroup Company Profile
Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.
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