Citigroup Inc. (NYSE:C) Shares Acquired by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise lifted its stake in shares of Citigroup Inc. (NYSE:C) by 12.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 113,494 shares of the company’s stock after purchasing an additional 12,910 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Citigroup were worth $7,104,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Bahl & Gaynor Inc. purchased a new stake in Citigroup in the first quarter valued at approximately $227,000. Clearbridge Investments LLC purchased a new position in Citigroup in the first quarter valued at $1,447,000. Bessemer Group Inc. increased its holdings in Citigroup by 28.7% in the first quarter. Bessemer Group Inc. now owns 97,307 shares of the company’s stock valued at $6,154,000 after buying an additional 21,684 shares during the last quarter. Lake Street Advisors Group LLC boosted its stake in Citigroup by 63.2% in the first quarter. Lake Street Advisors Group LLC now owns 15,079 shares of the company’s stock valued at $954,000 after acquiring an additional 5,840 shares in the last quarter. Finally, Vaughan David Investments LLC IL acquired a new position in Citigroup in the first quarter valued at $229,000. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Price Performance

C opened at $69.01 on Tuesday. The company has a 50-day moving average of $63.40 and a 200-day moving average of $62.66. The company has a market capitalization of $130.52 billion, a P/E ratio of 20.00, a PEG ratio of 0.77 and a beta of 1.44. Citigroup Inc. has a 1-year low of $44.56 and a 1-year high of $70.20. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.96 and a current ratio of 0.96.

Citigroup (NYSE:C) last posted 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. The firm had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.86 billion. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. Citigroup’s revenue was up .9% on a year-over-year basis. During the same period in the previous year, the business posted $1.52 EPS. Equities analysts expect that Citigroup Inc. will post 5.85 EPS for the current fiscal year.

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date was Monday, November 4th. Citigroup’s dividend payout ratio is currently 64.93%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Barclays increased their target price on shares of Citigroup from $63.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Morgan Stanley dropped their price objective on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Bank of America raised their target price on shares of Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Oppenheimer lifted their price target on shares of Citigroup from $91.00 to $107.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Finally, The Goldman Sachs Group decreased their price target on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. One 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.