Chartwell Investment Partners LLC Has $6.67 Million Holdings in Citigroup Inc (NYSE:C)

Chartwell Investment Partners LLC increased its stake in shares of Citigroup Inc (NYSE:C) by 2.6% in the second quarter, Holdings Channel reports. The firm owned 130,607 shares of the financial services provider’s stock after buying an additional 3,364 shares during the quarter. Chartwell Investment Partners LLC’s holdings in Citigroup were worth $6,674,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in C. Banco Santander S.A. lifted its holdings in Citigroup by 553.4% during the first quarter. Banco Santander S.A. now owns 1,980,083 shares of the financial services provider’s stock worth $83,401,000 after acquiring an additional 1,677,052 shares in the last quarter. Banque Cantonale Vaudoise lifted its holdings in Citigroup by 14.3% during the second quarter. Banque Cantonale Vaudoise now owns 90,285 shares of the financial services provider’s stock worth $4,613,000 after acquiring an additional 11,328 shares in the last quarter. Private Asset Management Inc. lifted its holdings in Citigroup by 6.6% during the second quarter. Private Asset Management Inc. now owns 222,420 shares of the financial services provider’s stock worth $11,366,000 after acquiring an additional 13,826 shares in the last quarter. Advisor Group Holdings Inc. bought a new position in Citigroup during the first quarter worth about $13,970,000. Finally, AXA lifted its holdings in Citigroup by 5.2% during the first quarter. AXA now owns 726,364 shares of the financial services provider’s stock worth $30,594,000 after acquiring an additional 35,614 shares in the last quarter. 77.29% of the stock is owned by institutional investors and hedge funds.

Shares of Citigroup stock traded down $0.35 on Friday, hitting $50.01. The stock had a trading volume of 22,488,389 shares, compared to its average volume of 20,471,188. Citigroup Inc has a twelve month low of $32.00 and a twelve month high of $83.11. The business’s 50 day moving average is $51.41 and its two-hundred day moving average is $55.63. The company has a quick ratio of 0.99, a current ratio of 0.98 and a debt-to-equity ratio of 1.60. The stock has a market cap of $105.90 billion, a price-to-earnings ratio of 8.67, a price-to-earnings-growth ratio of 1.49 and a beta of 1.82.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, July 14th. The financial services provider reported $0.50 EPS for the quarter, beating the consensus estimate of $0.47 by $0.03. Citigroup had a return on equity of 7.40% and a net margin of 13.64%. The company had revenue of $19.77 billion for the quarter, compared to the consensus estimate of $19.06 billion. During the same quarter in the prior year, the business earned $1.95 earnings per share. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, equities analysts predict that Citigroup Inc will post 3.25 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Monday, August 3rd will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 4.08%. The ex-dividend date is Friday, July 31st. Citigroup’s payout ratio is 26.91%.

Several research analysts have weighed in on C shares. Credit Suisse Group reiterated a “buy” rating and set a $75.00 target price on shares of Citigroup in a report on Sunday, April 19th. UBS Group boosted their price target on Citigroup from $50.00 to $64.00 and gave the company a “buy” rating in a report on Monday, May 4th. Piper Sandler cut their price target on Citigroup from $62.00 to $56.00 and set an “overweight” rating on the stock in a report on Friday, April 3rd. Bank of America boosted their price target on Citigroup from $73.00 to $74.00 and gave the company a “buy” rating in a report on Friday, July 10th. Finally, Berenberg Bank boosted their price target on Citigroup from $50.00 to $65.00 and gave the company a “buy” rating in a report on Monday, July 20th. Five equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $74.03.

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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