FUKOKU MUTUAL LIFE INSURANCE Co Buys 2,730 Shares of Citigroup Inc. (NYSE:C)

FUKOKU MUTUAL LIFE INSURANCE Co increased its stake in Citigroup Inc. (NYSE:C) by 28.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 12,328 shares of the company’s stock after buying an additional 2,730 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Citigroup were worth $772,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. HBK Sorce Advisory LLC boosted its stake in Citigroup by 31.8% during the first quarter. HBK Sorce Advisory LLC now owns 9,443 shares of the company’s stock valued at $597,000 after buying an additional 2,278 shares during the last quarter. Blair William & Co. IL boosted its position in Citigroup by 0.7% during the first quarter. Blair William & Co. IL now owns 146,149 shares of the company’s stock worth $9,242,000 after acquiring an additional 1,074 shares during the last quarter. Homestead Advisers Corp boosted its holdings in Citigroup by 93.8% in the 1st quarter. Homestead Advisers Corp now owns 793,185 shares of the company’s stock valued at $50,085,000 after purchasing an additional 384,000 shares during the last quarter. M&G Plc acquired a new stake in Citigroup in the 1st quarter valued at approximately $31,821,000. Finally, Poehling Capital Management INC. boosted its position in Citigroup by 1.5% in the 1st quarter. Poehling Capital Management INC. now owns 61,860 shares of the company’s stock valued at $3,912,000 after buying an additional 932 shares during the period. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Citigroup Price Performance

C opened at $68.13 on Friday. The stock has a fifty day moving average of $63.02 and a 200-day moving average of $62.54. Citigroup Inc. has a 12-month low of $44.32 and a 12-month high of $70.20. The firm has a market capitalization of $128.85 billion, a P/E ratio of 19.75, a PEG ratio of 0.77 and a beta of 1.44. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.55.

Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.20. The firm had revenue of $20.32 billion during the quarter, compared to analysts’ expectations of $19.86 billion. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.52 EPS. Equities analysts forecast that Citigroup Inc. will post 5.85 EPS for the current fiscal year.

Citigroup Dividend Announcement

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

Analyst Upgrades and Downgrades

C has been the subject of a number of research reports. Bank of America upped their target price on shares of Citigroup from $77.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. The Goldman Sachs Group decreased their target price on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. Evercore ISI raised their price target on Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a report on Wednesday, October 16th. Barclays boosted their price target 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. Finally, Wells Fargo & Company lifted their target price on shares of Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.