Elo Mutual Pension Insurance Co Has $10.39 Million Holdings in Citigroup Inc. (NYSE:C)

Elo Mutual Pension Insurance Co decreased its position in Citigroup Inc. (NYSE:C) by 5.8% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 163,750 shares of the company’s stock after selling 10,140 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Citigroup were worth $10,392,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in C. Blair William & Co. IL grew its stake in Citigroup by 3.8% during the 2nd quarter. Blair William & Co. IL now owns 151,630 shares of the company’s stock valued at $9,622,000 after acquiring an additional 5,481 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in Citigroup by 15.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 176,340 shares of the company’s stock valued at $11,053,000 after purchasing an additional 24,146 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its stake in Citigroup by 9.5% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 97,896 shares of the company’s stock valued at $6,212,000 after buying an additional 8,480 shares during the period. Argent Trust Co lifted its position in Citigroup by 2.5% in the 2nd quarter. Argent Trust Co now owns 57,575 shares of the company’s stock worth $3,654,000 after buying an additional 1,394 shares in the last quarter. Finally, Meiji Yasuda Life Insurance Co boosted its stake in shares of Citigroup by 28.6% during the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 36,342 shares of the company’s stock valued at $2,306,000 after buying an additional 8,090 shares during the period. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on C. BMO Capital Markets increased their price objective on Citigroup from $63.00 to $65.00 and gave the stock a “market perform” rating in a report on Thursday, July 11th. Keefe, Bruyette & Woods lifted their price target on Citigroup from $66.00 to $69.00 and gave the company a “market perform” rating in a report on Thursday, June 20th. Royal Bank of Canada increased their price objective on Citigroup from $63.00 to $66.00 and gave the stock an “outperform” rating in a report on Monday, June 17th. Morgan Stanley lifted their target price on shares of Citigroup from $66.00 to $79.00 and gave the company an “overweight” rating in a research note on Tuesday, July 30th. Finally, Oppenheimer increased their price target on shares of Citigroup from $85.00 to $86.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Citigroup currently has an average rating of “Moderate Buy” and an average price target of $68.25.

Citigroup Trading Up 1.5 %

Citigroup stock opened at $59.30 on Wednesday. The business’s 50-day simple moving average is $61.54 and its 200-day simple moving average is $61.42. Citigroup Inc. has a 52 week low of $38.17 and a 52 week high of $67.81. The firm has a market capitalization of $113.10 billion, a PE ratio of 16.61, a PEG ratio of 0.62 and a beta of 1.45. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.94 and a current ratio of 0.94.

Citigroup (NYSE:C) last issued its quarterly earnings results on Friday, July 12th. The company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.13. The company had revenue of $20.14 billion during the quarter, compared to analyst estimates of $20.07 billion. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.37 earnings per share. Equities research analysts forecast that Citigroup Inc. will post 5.81 earnings per share for the current year.

Citigroup Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 5th were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.78%. This is a positive change from Citigroup’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Monday, August 5th. Citigroup’s dividend payout ratio is presently 62.75%.

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.