FUKOKU MUTUAL LIFE INSURANCE Co Boosts Stake in Citigroup Inc. (NYSE:C)

FUKOKU MUTUAL LIFE INSURANCE Co increased its holdings in Citigroup Inc. (NYSE:C) by 28.4% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 12,328 shares of the company’s stock after buying an additional 2,730 shares during the quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Citigroup were worth $772,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in C. MONECO Advisors LLC lifted its stake in Citigroup by 2.9% during the 2nd quarter. MONECO Advisors LLC now owns 5,542 shares of the company’s stock worth $352,000 after acquiring an additional 157 shares in the last quarter. Lifestyle Asset Management Inc. raised its position in Citigroup by 4.5% during the 3rd quarter. Lifestyle Asset Management Inc. now owns 3,730 shares of the company’s stock worth $233,000 after buying an additional 160 shares during the last quarter. Pinnacle Wealth Planning Services Inc. increased its stake in Citigroup by 4.0% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 4,295 shares of the company’s stock valued at $272,000 after purchasing an additional 164 shares in the last quarter. Legacy Capital Group California Inc. raised its holdings in shares of Citigroup by 1.0% in the second quarter. Legacy Capital Group California Inc. now owns 16,596 shares of the company’s stock worth $1,053,000 after acquiring an additional 169 shares during the last quarter. Finally, Grove Bank & Trust grew its holdings in Citigroup by 7.1% in the 3rd quarter. Grove Bank & Trust now owns 2,564 shares of the company’s stock valued at $161,000 after buying an additional 170 shares during the period. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Trading Down 1.1 %

Shares of Citigroup stock opened at $68.13 on Friday. The stock has a 50 day moving average price of $63.02 and a two-hundred day moving average price of $62.54. The stock has a market capitalization of $128.85 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 0.77 and a beta of 1.44. 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 Inc. has a 52 week low of $44.32 and a 52 week high of $70.20.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.20. The company had revenue of $20.32 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the company posted $1.52 EPS. As a group, equities analysts anticipate that Citigroup Inc. will post 5.85 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Tuesday, November 5th will be paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date is Monday, November 4th. Citigroup’s payout ratio is 64.93%.

Analyst Ratings Changes

C has been the subject of a number of research analyst reports. Bank of America lifted their price target on shares of Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Wells Fargo & Company upped their price target on shares of Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a report on Friday. 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 report on Wednesday, October 16th. The Goldman Sachs Group decreased their target price on Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Finally, Morgan Stanley cut their price target on Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.