Citigroup Inc. (NYSE:C) Shares Bought by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA increased its holdings in shares of Citigroup Inc. (NYSE:C) by 0.0% during the second quarter, HoldingsChannel.com reports. The fund owned 21,445,879 shares of the company’s stock after buying an additional 10,493 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Citigroup were worth $1,360,955,000 at the end of the most recent reporting period.

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 $25,000. Frazier Financial Advisors LLC acquired a new position in Citigroup in the 4th quarter valued at about $29,000. Beacon Capital Management LLC grew its stake in shares of Citigroup by 85.5% in the 1st quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock valued at $29,000 after buying an additional 212 shares during the period. Beaird Harris Wealth Management LLC increased its holdings in shares of Citigroup by 1,962.1% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 598 shares of the company’s stock worth $31,000 after buying an additional 569 shares during the last quarter. Finally, Triad Wealth Partners LLC purchased a new stake in shares of Citigroup during the 2nd quarter valued at approximately $32,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Stock Up 0.6 %

C stock opened at $57.67 on Monday. Citigroup Inc. has a fifty-two week low of $38.17 and a fifty-two week high of $67.81. The company’s 50 day moving average price is $61.81 and its 200 day moving average price is $61.38. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market capitalization of $110.00 billion, a price-to-earnings ratio of 16.15, a PEG ratio of 0.62 and a beta of 1.45.

Citigroup (NYSE:C) last announced its quarterly earnings data on Friday, July 12th. The company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.13. The company had revenue of $20.14 billion for the quarter, compared to the consensus estimate of $20.07 billion. Citigroup had a net margin of 4.95% and a return on equity of 6.26%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.37 EPS. On average, equities research analysts anticipate that Citigroup Inc. will post 5.81 EPS for the current fiscal year.

Citigroup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 5th were issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 3.88%. This is an increase from Citigroup’s previous quarterly dividend of $0.53. The ex-dividend date was Monday, August 5th. Citigroup’s payout ratio is 62.75%.

Analyst Ratings Changes

Several equities research analysts have issued reports on C shares. Piper Sandler raised their target price on Citigroup from $70.00 to $73.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Morgan Stanley upped their target price on shares of Citigroup from $66.00 to $79.00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th. Oppenheimer lifted their price target on shares of Citigroup from $85.00 to $86.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Royal Bank of Canada upped their price target on Citigroup from $63.00 to $66.00 and gave the stock an “outperform” rating in a research note on Monday, June 17th. Finally, Evercore ISI lifted their price objective on Citigroup from $60.00 to $62.00 and gave the company an “in-line” rating in a research note on Wednesday, July 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Citigroup currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.25.

Citigroup 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.