CSat Investment Advisory L.P. Takes $5.30 Million Position in Citigroup Inc (NYSE:C)
CSat Investment Advisory L.P. bought a new stake in Citigroup Inc (NYSE:C) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 79,188 shares of the financial services provider’s stock, valued at approximately $5,300,000. Citigroup accounts for approximately 2.8% of CSat Investment Advisory L.P.’s investment portfolio, making the stock its 8th biggest holding.
Other institutional investors also recently bought and sold shares of the company. One Capital Management LLC boosted its stake in Citigroup by 2.8% in the first quarter. One Capital Management LLC now owns 35,140 shares of the financial services provider’s stock valued at $2,372,000 after acquiring an additional 968 shares in the last quarter. Linscomb & Williams Inc. boosted its stake in shares of Citigroup by 8.4% during the first quarter. Linscomb & Williams Inc. now owns 9,524 shares of the financial services provider’s stock worth $643,000 after buying an additional 737 shares during the period. RWC Asset Management LLP boosted its stake in shares of Citigroup by 5.4% during the first quarter. RWC Asset Management LLP now owns 285,310 shares of the financial services provider’s stock worth $19,258,000 after buying an additional 14,700 shares during the period. Tradition Capital Management LLC boosted its stake in shares of Citigroup by 2.2% during the first quarter. Tradition Capital Management LLC now owns 74,550 shares of the financial services provider’s stock worth $5,032,000 after buying an additional 1,580 shares during the period. Finally, Miles Capital Inc. boosted its stake in shares of Citigroup by 36.8% during the first quarter. Miles Capital Inc. now owns 6,728 shares of the financial services provider’s stock worth $454,000 after buying an additional 1,811 shares during the period. 74.83% of the stock is currently owned by institutional investors and hedge funds.
Shares of C traded up $0.39 during midday trading on Friday, hitting $70.54. The company had a trading volume of 9,613,948 shares, compared to its average volume of 11,159,060. The company has a market capitalization of $181.22 billion, a P/E ratio of 13.23, a PEG ratio of 0.96 and a beta of 1.45. Citigroup Inc has a 52 week low of $64.38 and a 52 week high of $80.70. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.00 and a current ratio of 1.00.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 24th. Stockholders of record on Monday, August 6th were issued 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 annualized dividend and a dividend yield of 2.55%. Citigroup’s payout ratio is 33.77%.
In other news, CEO Francisco Aristeguieta sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $72.36, for a total value of $1,085,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Raja Akram sold 500 shares of the company’s stock in a transaction that occurred on Thursday, July 19th. The stock was sold at an average price of $69.21, for a total transaction of $34,605.00. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.
C has been the subject of a number of research analyst reports. ValuEngine cut shares of Citigroup from a “hold” rating to a “sell” rating in a report on Wednesday, August 15th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $85.00 target price on shares of Citigroup in a report on Monday, July 16th. Morgan Stanley dropped their price objective on shares of Citigroup from $88.00 to $84.00 and set an “overweight” rating for the company in a research note on Monday, July 16th. 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 note on Wednesday, June 20th. Finally, Goldman Sachs Group set a $78.00 price objective on shares of Citigroup and gave the stock a “neutral” rating in a research note on Friday, July 20th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $81.65.
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.
Featured Article: The Role of a Fiduciary and Individual Investors
Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.