Vinva Investment Management Ltd Grows Stake in Citigroup Inc. (NYSE:C)

Vinva Investment Management Ltd boosted its position in shares of Citigroup Inc. (NYSE:C) by 0.2% during the third quarter, Holdings Channel reports. The firm owned 91,495 shares of the company’s stock after buying an additional 157 shares during the quarter. Vinva Investment Management Ltd’s holdings in Citigroup were worth $5,661,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. POM Investment Strategies LLC purchased a new position in shares of Citigroup during the 2nd quarter worth approximately $25,000. Northwest Investment Counselors LLC acquired a new stake in Citigroup during the 3rd quarter valued at $28,000. Beacon Capital Management LLC increased its position in Citigroup by 85.5% during the first quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock worth $29,000 after buying an additional 212 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in shares of Citigroup in the second quarter worth $31,000. Finally, Triad Wealth Partners LLC acquired a new position in shares of Citigroup in the second quarter worth $32,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Bank of America lifted their price objective on Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. 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 research report on Wednesday, October 16th. Barclays raised their target price on shares of Citigroup from $63.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Oppenheimer increased their price target on Citigroup from $91.00 to $107.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Finally, The Goldman Sachs Group lowered their price objective on Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Citigroup presently has an average rating of “Moderate Buy” and a consensus target price of $73.00.

Citigroup Price Performance

C opened at $70.16 on Thursday. Citigroup Inc. has a twelve month low of $44.56 and a twelve month high of $71.19. The firm has a market cap of $132.69 billion, a price-to-earnings ratio of 20.34, a PEG ratio of 0.79 and a beta of 1.44. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.55. The company has a fifty day simple moving average of $64.98 and a 200 day simple moving average of $62.99.

Citigroup (NYSE:C) last announced its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.20. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The company had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.86 billion. During the same period last year, the firm earned $1.52 earnings per share. The company’s revenue was up .9% on a year-over-year basis. Equities research analysts expect that Citigroup Inc. will post 5.85 EPS for the current fiscal year.

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were issued a $0.56 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.19%. Citigroup’s dividend payout ratio (DPR) is 64.93%.

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.