King Luther Capital Management Corp Has $11.94 Million Holdings in Citigroup Inc. (NYSE:C)

King Luther Capital Management Corp increased its position in Citigroup Inc. (NYSE:C) by 72.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 190,664 shares of the company’s stock after acquiring an additional 80,222 shares during the quarter. King Luther Capital Management Corp’s holdings in Citigroup were worth $11,936,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Clearbridge Investments LLC bought a new stake in Citigroup in the first quarter valued at about $1,447,000. Shell Asset Management Co. bought a new position in shares of Citigroup during the first quarter valued at $415,000. CreativeOne Wealth LLC increased its position in shares of Citigroup by 122.2% during the 1st quarter. CreativeOne Wealth LLC now owns 11,385 shares of the company’s stock worth $719,000 after purchasing an additional 6,262 shares in the last quarter. EP Wealth Advisors LLC lifted its holdings in Citigroup by 21.8% during the 1st quarter. EP Wealth Advisors LLC now owns 14,029 shares of the company’s stock valued at $887,000 after purchasing an additional 2,510 shares during the last quarter. Finally, Capital World Investors boosted its position in Citigroup by 26.1% in the first quarter. Capital World Investors now owns 5,280,342 shares of the company’s stock valued at $333,929,000 after buying an additional 1,092,980 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Trading Up 1.3 %

C opened at $69.16 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.55. The stock has a market cap of $130.79 billion, a PE ratio of 20.04, a price-to-earnings-growth ratio of 0.77 and a beta of 1.44. The company has a fifty day moving average of $64.07 and a 200-day moving average of $62.79. Citigroup Inc. has a twelve month low of $44.56 and a twelve month high of $70.20.

Citigroup (NYSE:C) last released its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.20. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The company had revenue of $20.32 billion for the quarter, compared to the consensus estimate of $19.86 billion. During the same quarter in the previous year, the company earned $1.52 EPS. Citigroup’s quarterly revenue was up .9% compared to the same quarter last year. On average, sell-side analysts predict that Citigroup Inc. will post 5.85 EPS for the current year.

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were given a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 3.24%. The ex-dividend date was Monday, November 4th. Citigroup’s payout ratio is currently 64.93%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Oppenheimer increased their price objective on Citigroup from $91.00 to $107.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Evercore ISI boosted their price objective on shares of Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a report on Wednesday, October 16th. Bank of America increased their target price on shares of Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Barclays boosted their price target on shares of Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Finally, Morgan Stanley dropped their price objective on Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $73.00.

Citigroup Company 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.