Roanoke Asset Management Corp NY trimmed its stake in Citigroup Inc (NYSE:C) by 0.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 60,948 shares of the financial services provider’s stock after selling 330 shares during the period. Citigroup accounts for about 1.9% of Roanoke Asset Management Corp NY’s investment portfolio, making the stock its 16th largest position. Roanoke Asset Management Corp NY’s holdings in Citigroup were worth $4,268,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Meridian Wealth Management LLC grew its holdings in shares of Citigroup by 236.4% during the 2nd quarter. Meridian Wealth Management LLC now owns 4,084 shares of the financial services provider’s stock worth $286,000 after purchasing an additional 2,870 shares in the last quarter. Camelot Portfolios LLC boosted its stake in Citigroup by 131.3% in the 2nd quarter. Camelot Portfolios LLC now owns 17,600 shares of the financial services provider’s stock valued at $1,233,000 after buying an additional 9,990 shares in the last quarter. Canandaigua National Bank & Trust Co. boosted its stake in Citigroup by 7.8% in the 2nd quarter. Canandaigua National Bank & Trust Co. now owns 28,793 shares of the financial services provider’s stock valued at $2,016,000 after buying an additional 2,078 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Citigroup by 3.2% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 113,728 shares of the financial services provider’s stock valued at $7,964,000 after buying an additional 3,500 shares in the last quarter. Finally, Altium Wealth Management LLC boosted its stake in Citigroup by 7.4% in the 2nd quarter. Altium Wealth Management LLC now owns 16,536 shares of the financial services provider’s stock valued at $1,158,000 after buying an additional 1,145 shares in the last quarter. 76.05% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently commented on C shares. Zacks Investment Research lowered Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 9th. Berenberg Bank lowered to a “hold” rating and decreased their price target for the company from GBX 283 ($3.70) to GBX 103 ($1.35) in a research note on Monday, June 17th. Morgan Stanley lowered GasLog Partners LP Unit from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $23.00 to $18.00 in a research note on Tuesday, April 16th. HSBC reaffirmed a “hold” rating on shares of Societe Generale in a research note on Thursday, April 4th. Finally, Goldman Sachs Group raised UCB S A/ADR from a “neutral” rating to a “buy” rating in a research note on Thursday, May 30th. Six research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $79.57.

Shares of C stock traded down $0.21 on Tuesday, reaching $71.55. 5,687,151 shares of the stock were exchanged, compared to its average volume of 11,693,015. The company has a market capitalization of $166.87 billion, a PE ratio of 10.76, a PEG ratio of 0.78 and a beta of 1.74. Citigroup Inc has a one year low of $48.42 and a one year high of $75.24. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.40. The firm’s 50 day moving average price is $70.00.

Citigroup (NYSE:C) last released its earnings results on Monday, July 15th. The financial services provider reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.17. The company had revenue of $18.76 billion during the quarter, compared to the consensus estimate of $18.49 billion. Citigroup had a return on equity of 10.10% and a net margin of 18.24%. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.63 earnings per share. As a group, analysts anticipate that Citigroup Inc will post 7.55 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Monday, August 5th will be given a dividend of $0.51 per share. The ex-dividend date is Friday, August 2nd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.85%. This is an increase from Citigroup’s previous quarterly dividend of $0.45. Citigroup’s payout ratio is presently 27.07%.

Citigroup 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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