DekaBank Deutsche Girozentrale Boosts Stake in Citigroup Inc (NYSE:C)

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DekaBank Deutsche Girozentrale increased its position in Citigroup Inc (NYSE:C) by 23.9% during the second quarter, Holdings Channel.com reports. The institutional investor owned 1,765,826 shares of the financial services provider’s stock after purchasing an additional 340,350 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Citigroup were worth $121,165,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Rehmann Capital Advisory Group grew its stake in shares of Citigroup by 103.1% during the first quarter. Rehmann Capital Advisory Group now owns 4,389 shares of the financial services provider’s stock valued at $273,000 after buying an additional 2,228 shares during the last quarter. Advisor Partners LLC grew its stake in Citigroup by 8.2% in the second quarter. Advisor Partners LLC now owns 78,622 shares of the financial services provider’s stock worth $5,506,000 after purchasing an additional 5,980 shares in the last quarter. Strategy Asset Managers LLC bought a new position in Citigroup in the first quarter worth approximately $55,000. Sanders Morris Harris LLC bought a new position in Citigroup in the second quarter worth approximately $514,000. Finally, Front Barnett Associates LLC grew its stake in Citigroup by 0.4% in the first quarter. Front Barnett Associates LLC now owns 134,044 shares of the financial services provider’s stock worth $8,340,000 after purchasing an additional 551 shares in the last quarter. Institutional investors own 77.65% of the company’s stock.

Several research analysts recently issued reports on C shares. Bank of America cut Citigroup to a “hold” rating in a research note on Friday, July 26th. Barclays increased their price objective on Citigroup from $83.00 to $86.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. BMO Capital Markets cut Citigroup to a “hold” rating in a research note on Friday, July 26th. Goldman Sachs Group raised Citigroup from a “neutral” rating to a “buy” rating and set a $64.51 target price on the stock in a research report on Thursday, May 30th. Finally, Keefe, Bruyette & Woods raised Citigroup from a “market perform” rating to an “outperform” rating and increased their target price for the company from $74.00 to $86.00 in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have assigned a buy rating to the company’s stock. Citigroup currently has an average rating of “Buy” and an average target price of $79.40.

Shares of C opened at $64.83 on Wednesday. Citigroup Inc has a 12 month low of $48.42 and a 12 month high of $75.24. The firm’s fifty day simple moving average is $69.76. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market cap of $149.21 billion, a price-to-earnings ratio of 9.75, a PEG ratio of 0.72 and a beta of 1.76.

Citigroup (NYSE:C) last issued its quarterly earnings data on Monday, July 15th. The financial services provider reported $1.95 EPS for the quarter, beating the consensus estimate of $1.78 by $0.17. Citigroup had a return on equity of 10.10% and a net margin of 18.24%. The firm had revenue of $18.76 billion during the quarter, compared to analyst estimates of $18.49 billion. During the same quarter in the prior year, the business posted $1.63 EPS. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. Research analysts forecast that Citigroup Inc will post 7.55 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Monday, August 5th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.15%. The ex-dividend date is Friday, August 2nd. This is a positive change from Citigroup’s previous quarterly dividend of $0.45. Citigroup’s dividend payout ratio is currently 30.68%.

Citigroup Company Profile

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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