Oakbrook Investments LLC cut its holdings in shares of Citigroup Inc (NYSE:C) by 20.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 79,950 shares of the financial services provider’s stock after selling 20,380 shares during the quarter. Oakbrook Investments LLC’s holdings in Citigroup were worth $5,523,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Personal Wealth Partners purchased a new stake in Citigroup during the second quarter worth about $27,000. Mcmillion Capital Management Inc. purchased a new stake in Citigroup during the second quarter worth about $31,000. MRA Associates USA LLC purchased a new stake in Citigroup during the second quarter worth about $34,000. Bray Capital Advisors boosted its holdings in Citigroup by 257.4% during the second quarter. Bray Capital Advisors now owns 486 shares of the financial services provider’s stock worth $34,000 after buying an additional 350 shares in the last quarter. Finally, Next Capital Management LLC purchased a new stake in Citigroup during the second quarter worth about $38,000. Institutional investors own 76.63% of the company’s stock.
Shares of C stock traded up $0.31 during trading hours on Friday, reaching $76.12. The stock had a trading volume of 7,828,118 shares, compared to its average volume of 14,431,004. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.00 and a quick ratio of 1.01. Citigroup Inc has a twelve month low of $48.42 and a twelve month high of $76.28. The firm has a 50-day simple moving average of $70.76 and a 200-day simple moving average of $68.30. The firm has a market capitalization of $163.37 billion, a PE ratio of 11.45, a price-to-earnings-growth ratio of 0.85 and a beta of 1.80.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Monday, November 4th will be given a $0.51 dividend. The ex-dividend date is Friday, November 1st. This represents a $2.04 dividend on an annualized basis and a yield of 2.68%. Citigroup’s dividend payout ratio is presently 30.68%.
In other news, insider Michael Whitaker sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $62.03, for a total transaction of $465,225.00. Following the completion of the transaction, the insider now owns 93,848 shares in the company, valued at approximately $5,821,391.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.09% of the company’s stock.
C has been the subject of a number of research reports. BMO Capital Markets cut shares of Citigroup to a “hold” rating in a research report on Friday, July 26th. Keefe, Bruyette & Woods raised shares of Citigroup from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $74.00 to $86.00 in a research report on Friday, July 26th. Bank of America boosted their price objective on shares of Citigroup from $78.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday. Vining Sparks raised shares of Citigroup to a “buy” rating and set a $80.00 price objective for the company in a research report on Wednesday, October 9th. Finally, Morgan Stanley set a $78.00 price objective on shares of Citigroup and gave the company a “buy” rating in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $80.57.
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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