Mn Services Vermogensbeheer B.V. Sells 19,100 Shares of Citigroup Inc. (NYSE:C)

Mn Services Vermogensbeheer B.V. reduced its stake in shares of Citigroup Inc. (NYSE:C) by 4.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 430,200 shares of the company’s stock after selling 19,100 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Citigroup were worth $27,300,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of C. Beacon Capital Management LLC boosted its holdings in Citigroup by 85.5% in the 1st quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock worth $29,000 after buying an additional 212 shares during the period. Orion Capital Management LLC bought a new position in Citigroup in the 4th quarter worth approximately $26,000. Triad Wealth Partners LLC bought a new position in Citigroup in the 2nd quarter worth approximately $32,000. Frazier Financial Advisors LLC bought a new position in Citigroup in the 4th quarter worth approximately $29,000. Finally, GPS Wealth Strategies Group LLC boosted its holdings in Citigroup by 48.6% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 581 shares of the company’s stock worth $37,000 after buying an additional 190 shares during the period. 71.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on C. Morgan Stanley raised their price target on shares of Citigroup from $66.00 to $79.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. Keefe, Bruyette & Woods raised their price objective on shares of Citigroup from $66.00 to $69.00 and gave the company a “market perform” rating in a research report on Thursday, June 20th. Oppenheimer lifted their target price on shares of Citigroup from $85.00 to $86.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Evercore ISI lifted their target price on shares of Citigroup from $60.00 to $62.00 and gave the stock an “in-line” rating in a research report on Wednesday, July 3rd. Finally, Argus lifted their target price on shares of Citigroup from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Citigroup currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.06.

Citigroup Stock Up 2.8 %

NYSE:C traded up $1.72 during mid-day trading on Friday, hitting $62.14. 13,299,722 shares of the company’s stock were exchanged, compared to its average volume of 14,839,771. Citigroup Inc. has a one year low of $38.17 and a one year high of $67.81. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.94 and a quick ratio of 0.95. The business has a fifty day moving average price of $62.38 and a 200 day moving average price of $60.76. The company has a market cap of $118.53 billion, a PE ratio of 17.41, a P/E/G ratio of 0.68 and a beta of 1.46.

Citigroup (NYSE:C) last issued its earnings results on Friday, July 12th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.13. The business had revenue of $20.14 billion during the quarter, compared to analysts’ expectations of $20.07 billion. Citigroup had a net margin of 4.95% and a return on equity of 6.26%. The business’s revenue for the quarter 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 analysts predict that Citigroup Inc. will post 5.85 EPS for the current year.

Citigroup Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 5th were issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 3.60%. This is a boost from Citigroup’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Monday, August 5th. Citigroup’s 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.