Toronto Dominion Bank Has $68.54 Million Stock Position in Citigroup Inc. (NYSE:C)

Toronto Dominion Bank increased its stake in Citigroup Inc. (NYSE:C) by 10.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,094,872 shares of the company’s stock after buying an additional 102,806 shares during the quarter. Toronto Dominion Bank’s holdings in Citigroup were worth $68,539,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Dallas Securities Inc. bought a new stake in Citigroup during the third quarter worth $611,000. Geode Capital Management LLC increased its stake in shares of Citigroup by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 39,919,798 shares of the company’s stock worth $2,492,238,000 after purchasing an additional 791,758 shares during the last quarter. Continuum Advisory LLC raised its holdings in shares of Citigroup by 5.6% in the 3rd quarter. Continuum Advisory LLC now owns 6,399 shares of the company’s stock valued at $436,000 after purchasing an additional 340 shares during the period. LRI Investments LLC lifted its stake in Citigroup by 80.1% in the 3rd quarter. LRI Investments LLC now owns 9,040 shares of the company’s stock valued at $616,000 after purchasing an additional 4,021 shares during the last quarter. Finally, Gordian Capital Singapore Pte Ltd grew its holdings in Citigroup by 173.9% during the third quarter. Gordian Capital Singapore Pte Ltd now owns 15,960 shares of the company’s stock worth $999,000 after purchasing an additional 10,133 shares during the period. 71.72% of the stock is owned by institutional investors.

Citigroup Stock Performance

NYSE:C opened at $72.52 on Wednesday. The company has a market cap of $137.15 billion, a price-to-earnings ratio of 21.02, a PEG ratio of 0.81 and a beta of 1.45. The stock has a fifty day moving average price of $66.50 and a 200-day moving average price of $63.42. Citigroup Inc. has a fifty-two week low of $47.71 and a fifty-two week high of $73.38. 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 announced its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.31 by $0.20. The business had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.86 billion. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The company’s revenue was up .9% on a year-over-year basis. During the same period in the previous year, the business earned $1.52 earnings per share. As a group, equities analysts anticipate that Citigroup Inc. will post 5.85 EPS for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were paid a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend was Monday, November 4th. Citigroup’s dividend payout ratio (DPR) is presently 64.93%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Wells Fargo & Company upped their price objective on Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Bank of America increased their price target on Citigroup from $78.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. The Goldman Sachs Group lifted their price objective on shares of Citigroup from $72.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Barclays increased their price objective on shares of Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Finally, Oppenheimer lifted their target price on shares of Citigroup from $91.00 to $107.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $75.63.

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.