Norden Group LLC reduced its stock position in Citigroup Inc. (NYSE:C)

Norden Group LLC reduced its stake in Citigroup Inc. (NYSE:C – Free Report) by 4.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,438 shares of the company’s stock after selling 866 shares during the period. Norden Group LLC’s holdings in Citigroup were worth $1,107,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of C. POM Investment Strategies LLC bought a new stake in Citigroup in the 2nd quarter valued at approximately $25,000. Frazier Financial Advisors LLC bought a new stake in shares of Citigroup in the fourth quarter valued at about $29,000. Beacon Capital Management LLC raised its stake in Citigroup by 85.5% in the first quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock worth $29,000 after acquiring an additional 212 shares during the period. Beaird Harris Wealth Management LLC boosted its holdings in Citigroup by 1,962.1% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 598 shares of the company’s stock worth $31,000 after buying an additional 569 shares during the last quarter. Finally, Triad Wealth Partners LLC acquired a new position in Citigroup in the second quarter valued at $32,000. Institutional investors own 71.72% of the company’s shares.

Citigroup price performance

C opened at $59.09 on Friday. The company’s 50-day simple moving average is $62.44, and its two-hundred-day simple moving average is $61.25. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.94, and a current ratio of 0.94. The stock has a market cap of $112.71 billion, a P/E ratio of 16.55, a P/E/G ratio of 0.68 and a beta of 1.45. Citigroup Inc. it has a 52-week low of $38.17 and a 52-week high of $67.81.

Citigroup (NYSE:C – Get Free Report ) last released its earnings results on Friday, July 12th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.13. Citigroup had a net margin of 4.95% and a return on equity of 6.26%. The company had revenue of $20.14 billion for the quarter, compared to analysts’ expectations of $20.07 billion. In the same quarter last year, the company posted earnings of $1.37 per share. The company’s quarterly revenue was up 3.6% year over year. As a group, analysts predict that Citigroup Inc. will post 5.82 EPS for the current year.

Citigroup raises dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 5th were given a dividend of $0.56 per share. This represents a dividend of $2.24 on an annualized basis and a yield of 3.79%. The ex-dividend date was Monday, August 5. This is a boost from Citigroup’s previous quarterly dividend of $0.53. Citigroup’s dividend payout ratio is 62.75%.

The Wall Street analyst weighs in

A number of research firms have recently weighed in on C. Oppenheimer boosted their target price on shares of Citigroup from $85.00 to $86.00 and gave the stock an “outperform” rating in a research report on Monday. , July 15. Morgan Stanley boosted their price objective on shares of Citigroup from $66.00 to $79.00 and gave the stock an “overweight” rating in a report on Tuesday, July 30th. Evercore ISI raised their target price on shares of Citigroup from $60.00 to $62.00 and gave the company an “in-line” rating in a report on Wednesday, July 3rd. BMO Capital Markets upped their target price on Citigroup from $63.00 to $65.00 and gave the stock a “market perform” rating in a research note on Thursday, July 11th. Finally, Keefe, Bruyette & Woods raised their price objective on Citigroup from $66.00 to $69.00 and gave the company a “market perform” rating in a research note on Thursday , June 20. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $68.06.

Check out our latest research report on Citigroup

Citigroup Company Profile

(Free report)

Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments and institutions around the world. It operates through five segments: Services, Markets, Banking, US Personal Banking and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade and working capital solutions to multinational corporations, financial institutions and public sector organizations; and Securities Services, such as cross-border client support, local market expertise, post-trade technologies, data solutions and various securities service solutions.

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