Commerzbank Aktiengesellschaft FI Acquires 3,072 Shares of Citigroup Inc. (NYSE:C)

Commerzbank Aktiengesellschaft FI grew its holdings in shares of Citigroup Inc. (NYSE:C) by 22.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 16,473 shares of the company’s stock after buying an additional 3,072 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Citigroup were worth $1,032,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of C. MONECO Advisors LLC boosted its holdings in shares of Citigroup by 2.9% in the second quarter. MONECO Advisors LLC now owns 5,542 shares of the company’s stock valued at $352,000 after purchasing an additional 157 shares during the period. Pinnacle Wealth Planning Services Inc. lifted its holdings in Citigroup by 4.0% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 4,295 shares of the company’s stock worth $272,000 after buying an additional 164 shares during the period. NorthRock Partners LLC lifted its holdings in Citigroup by 2.7% during the first quarter. NorthRock Partners LLC now owns 6,288 shares of the company’s stock worth $398,000 after buying an additional 165 shares during the period. Legacy Capital Group California Inc. lifted its holdings in Citigroup by 1.0% during the second quarter. Legacy Capital Group California Inc. now owns 16,596 shares of the company’s stock worth $1,053,000 after buying an additional 169 shares during the period. Finally, Grove Bank & Trust lifted its holdings in Citigroup by 7.1% during the third quarter. Grove Bank & Trust now owns 2,564 shares of the company’s stock worth $161,000 after buying an additional 170 shares during the period. Institutional investors own 71.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on C. 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 report on Thursday, July 11th. The Goldman Sachs Group lowered their target price on Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. Argus upped their target price on Citigroup from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Oppenheimer reduced their price target on Citigroup from $92.00 to $91.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 16th. Finally, Barclays upped their price target on Citigroup from $63.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Citigroup has an average rating of “Moderate Buy” and an average price target of $71.06.

Citigroup Price Performance

NYSE C opened at $63.10 on Thursday. The stock’s fifty day moving average price is $61.54 and its 200 day moving average price is $61.94. The company has a market cap of $120.36 billion, a price-to-earnings ratio of 17.66, a PEG ratio of 0.74 and a beta of 1.44. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.94 and a quick ratio of 0.94. Citigroup Inc. has a 1 year low of $38.17 and a 1 year high of $67.81.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.20. The company had revenue of $20.32 billion for the quarter, compared to the consensus estimate of $19.86 billion. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the firm earned $1.52 EPS. As a group, equities research analysts forecast that Citigroup Inc. will post 5.76 earnings per share for the current year.

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 3.55%. Citigroup’s dividend payout ratio is currently 62.75%.

Citigroup Profile

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. 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 support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.