Toronto Dominion Bank Purchases 102,806 Shares of Citigroup Inc. (NYSE:C)

Toronto Dominion Bank raised its stake in shares of Citigroup Inc. (NYSE:C) by 10.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,094,872 shares of the company’s stock after purchasing an additional 102,806 shares during the quarter. Toronto Dominion Bank owned 0.06% of Citigroup worth $68,539,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. First Dallas Securities Inc. bought a new stake in shares of Citigroup during the third quarter worth $611,000. Geode Capital Management LLC raised its stake in shares of Citigroup by 2.0% in the third quarter. Geode Capital Management LLC now owns 39,919,798 shares of the company’s stock worth $2,492,238,000 after acquiring an additional 791,758 shares during the last quarter. Continuum Advisory LLC lifted its position in shares of Citigroup by 5.6% during the third quarter. Continuum Advisory LLC now owns 6,399 shares of the company’s stock worth $436,000 after purchasing an additional 340 shares in the last quarter. LRI Investments LLC increased its holdings in shares of Citigroup by 80.1% in the third quarter. LRI Investments LLC now owns 9,040 shares of the company’s stock valued at $616,000 after purchasing an additional 4,021 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd increased its holdings in shares of Citigroup by 173.9% in the third quarter. Gordian Capital Singapore Pte Ltd now owns 15,960 shares of the company’s stock valued at $999,000 after purchasing an additional 10,133 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors.

Citigroup Stock Performance

Shares of C stock opened at $72.52 on Wednesday. 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 $47.71 and a 52 week high of $73.38. The company’s 50 day moving average price is $66.50 and its two-hundred day moving average price is $63.42. The company has a market capitalization of $137.15 billion, a P/E ratio of 21.02, a price-to-earnings-growth ratio of 0.81 and a beta of 1.45.

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

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were paid a dividend of $0.56 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.24 annualized dividend and a dividend yield of 3.09%. Citigroup’s dividend payout ratio is currently 64.93%.

Analyst Ratings Changes

A number of research analysts have commented on C shares. The Goldman Sachs Group increased their price objective on Citigroup from $72.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Keefe, Bruyette & Woods upgraded Citigroup from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $70.00 to $82.00 in a research report on Tuesday, December 3rd. Oppenheimer upped their target price on shares of Citigroup from $91.00 to $107.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Piper Sandler boosted their price target on shares of Citigroup from $73.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. Finally, Evercore ISI raised their price objective on shares of Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $75.63.

Citigroup 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.