Academy Capital Management Inc. TX Reduced Stake in Citigroup Inc (C)

Academy Capital Management Inc. TX Reduced Stake in Citigroup Inc (C)

Academy Capital Management Inc. TX lessened its holdings in shares of Citigroup Inc (NYSE:C) by 1.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 529,381 shares of the financial services provider’s stock after selling 9,708 shares during the quarter. Citigroup makes up 9.5% of Academy Capital Management Inc. TX’s investment portfolio, making the stock its 2nd largest holding. Academy Capital Management Inc. TX’s holdings in Citigroup were worth $37,977,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in C. LSV Asset Management grew its stake in shares of Citigroup by 2.7% in the 2nd quarter. LSV Asset Management now owns 13,634,855 shares of the financial services provider’s stock valued at $912,444,000 after buying an additional 352,801 shares in the last quarter. CapWealth Advisors LLC grew its stake in shares of Citigroup by 4.6% in the 2nd quarter. CapWealth Advisors LLC now owns 294,351 shares of the financial services provider’s stock valued at $19,698,000 after buying an additional 12,868 shares in the last quarter. Capital Investment Advisors LLC grew its stake in shares of Citigroup by 1.2% in the 3rd quarter. Capital Investment Advisors LLC now owns 77,287 shares of the financial services provider’s stock valued at $5,545,000 after buying an additional 939 shares in the last quarter. Senvest Management LLC bought a new stake in shares of Citigroup in the 2nd quarter valued at approximately $4,618,000. Finally, MUFG Americas Holdings Corp grew its stake in shares of Citigroup by 1.3% in the 2nd quarter. MUFG Americas Holdings Corp now owns 292,588 shares of the financial services provider’s stock valued at $19,580,000 after buying an additional 3,681 shares in the last quarter. 74.79% of the stock is currently owned by institutional investors.

In other news, CEO Francisco Aristeguieta sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $72.36, for a total transaction of $1,085,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.11% of the stock is owned by insiders.

Several brokerages recently commented on C. ValuEngine cut Citigroup from a “hold” rating to a “sell” rating in a research note on Wednesday, August 15th. TheStreet raised Citigroup from a “c” rating to a “b-” rating in a research report on Monday, July 30th. BMO Capital Markets upped their target price on Citigroup from $76.00 to $85.00 and gave the stock a “market perform” rating in a research report on Monday, July 16th. Vining Sparks reaffirmed a “buy” rating and set a $77.00 target price on shares of Citigroup in a research report on Tuesday, October 9th. Finally, Oppenheimer upped their target price on Citigroup from $89.00 to $91.00 and gave the stock an “outperformer” rating in a research report on Monday, July 16th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $82.91.

Shares of C stock opened at $67.30 on Tuesday. Citigroup Inc has a 12 month low of $63.18 and a 12 month high of $80.70. The company has a market cap of $169.42 billion, a PE ratio of 12.63, a price-to-earnings-growth ratio of 0.86 and a beta of 1.47. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.00 and a quick ratio of 1.00.

Citigroup (NYSE:C) last issued its quarterly earnings results on Friday, October 12th. The financial services provider reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.07. Citigroup had a positive return on equity of 9.42% and a negative net margin of 4.81%. The company had revenue of $18.39 billion during the quarter, compared to analyst estimates of $18.43 billion. During the same period in the previous year, the company earned $1.42 earnings per share. Equities analysts anticipate that Citigroup Inc will post 6.69 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 21st. Stockholders of record on Monday, November 5th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, November 2nd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.67%. Citigroup’s dividend payout ratio (DPR) is presently 33.77%.

About Citigroup

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.

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