Citigroup, Inc. (NYSE:C).
Fisher Asset Management, LLC reports that it sold 4,055,609 shares in quarter ending 06/30/2017 decreasing its holdings in Citigroup, Inc. by 48.3%. Its investment was valued at $290,170,000 a decrease of $211,975,000 as of the end of the quarter.
Here are some other firms who have updated their holdings. As of quarter end Gateway Investment Advisers LLC had sold a total of 195,544 shares trimming its position 10.0%. The value of the investment in Citigroup, Inc. increased from $116,426,000 to $117,089,000 increasing 0.6% for the reporting period. As of the end of the quarter Cornerstone Investment Partners, LLC had disposed of 175,797 shares trimming its stake by 11.4%. The value of the company’s investment in Citigroup, Inc. went from $92,431,000 to $91,583,000 a change of $848,000 since the last quarter.
As of the end of the quarter Nexus Investment Management Inc. had acquired a total of 1,815 shares growing its holdings by 0.5%. The value of the total investment in Citigroup, Inc. increased from $22,290,000 to $25,043,000 a change of 12.4% quarter over quarter.
July 11 investment analysts at Oppenheimer made no change to the company rating of “Outperform” but moved up the price target from $67.00 to $80.00. On July 10 Oppenheimer maintained a stock rating of “Hold” but lowered the price expectation to $71.00 from $80.00.
On June 9 the company was set at “Neutral” according to a UBS report a boost from the previous “” rating. On November 30 Deutsche Bank kept the stock rating at “Hold” but raised the price target to $61.00 from $47.00.
On November 28, 2016 the stock rating was changed to a “Hold” in a report from Jefferies which was a cut from the previous “Buy” rating. On November 18, 2016 the stock rating was rated “Neutral” by Macquarie down from the previous “Outperform” rating.
In the market the company is trading up from yesterday’s close of $66.82. Citigroup, Inc. declared a dividend for shareholders that was paid on Friday the 26th of May 2017. The dividend was $0.160 per share for the quarter which is $0.64 annualized. The dividend yield was $0.95. The ex-dividend date was Thursday the 27th of April 2017.
It is trading at $66.92 a tad above $62.66, the stock’s 50 day moving average and just a bit higher than the 200 day moving average of $60.18. The 50 day moving average went up $4.26 or +6.79% and the 200 day average was up $6.74.
Citigroup, Inc. currently has a P/E ratio of 13.49 and market cap is 184.25B. In the last earnings report the EPS was $4.96 and is projected to be $5.17 for the current year with 2,753,257,000 shares presently outstanding. Analysts expect next quarter’s EPS to be $1.30 with next year’s EPS anticipated to be $5.92.