Centaurus Financial Inc. increased its stake in shares of Citigroup Inc (NYSE:C) by 201.3% in the second quarter, HoldingsChannel.com reports. The firm owned 34,698 shares of the financial services provider’s stock after buying an additional 23,181 shares during the period. Centaurus Financial Inc.’s holdings in Citigroup were worth $2,322,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the stock. Legacy Advisors LLC boosted its position in Citigroup by 349.7% in the 2nd quarter. Legacy Advisors LLC now owns 1,718 shares of the financial services provider’s stock valued at $115,000 after buying an additional 1,336 shares during the period. Stelac Advisory Services LLC purchased a new position in Citigroup in the 1st quarter valued at approximately $116,000. IMA Wealth Inc. purchased a new position in Citigroup in the 2nd quarter valued at approximately $129,000. Twin Tree Management LP lifted its position in shares of Citigroup by 100.4% during the 1st quarter. Twin Tree Management LP now owns 2,013 shares of the financial services provider’s stock worth $136,000 after purchasing an additional 535,686 shares during the last quarter. Finally, Clearwater Capital Advisors LLC purchased a new stake in shares of Citigroup during the 1st quarter worth $143,000. 74.83% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:C opened at $70.15 on Friday. Citigroup Inc has a 12 month low of $64.38 and a 12 month high of $80.70. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.30. The firm has a market cap of $181.22 billion, a P/E ratio of 11.75, a P/E/G ratio of 0.96 and a beta of 1.45.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 24th. Shareholders of record on Monday, August 6th were paid a $0.45 dividend. The ex-dividend date was Friday, August 3rd. This is a positive change from Citigroup’s previous quarterly dividend of $0.32. This represents a $1.80 dividend on an annualized basis and a yield of 2.57%. Citigroup’s payout ratio is currently 33.77%.
Several equities research analysts have recently issued reports on the stock. ValuEngine cut shares of Citigroup from a “hold” rating to a “sell” rating in a research report on Wednesday, August 15th. TheStreet raised shares of Citigroup from a “c” rating to a “b-” rating in a research report on Monday, July 30th. BMO Capital Markets lifted their price objective on shares of Citigroup from $76.00 to $85.00 and gave the stock a “market perform” rating in a research report on Monday, July 16th. Oppenheimer lifted their price objective on shares of Citigroup from $89.00 to $91.00 and gave the stock an “outperformer” rating in a research report on Monday, July 16th. Finally, Deutsche Bank raised shares of Citigroup from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research report on Wednesday, June 20th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have assigned a buy rating to the company. Citigroup currently has an average rating of “Hold” and a consensus target price of $81.65.
In other Citigroup news, insider Raja Akram sold 500 shares of Citigroup stock in a transaction on Thursday, July 19th. The shares were sold at an average price of $69.21, for a total value of $34,605.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Francisco Aristeguieta sold 15,000 shares of Citigroup stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $72.36, for a total transaction of $1,085,400.00. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.
Citigroup Company Profile
Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.
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