The Amica Mutual Insurance Co. Has $13.58 Million Position in Citigroup Inc (C)

The Amica Mutual Insurance Co. Has $13.58 Million Position in Citigroup Inc (C)

A number of other large investors also recently made changes to their positions in the company. State Street Corp increased its position in shares of Citigroup by 7.7% in the fourth quarter. State Street Corp now owns 133,941,548 shares of the financial services provider’s stock worth $7,960,137,000 after buying an additional 9,581,819 shares during the period. Norges Bank acquired a new position in shares of Citigroup during the fourth quarter worth about $1,927,671,000. Dimensional Fund Advisors LP increased its position in shares of Citigroup by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 18,961,846 shares of the financial services provider’s stock worth $1,126,923,000 after buying an additional 261,458 shares during the period. Greenhaven Associates Inc. increased its position in shares of Citigroup by 0.3% in the first quarter. Greenhaven Associates Inc. now owns 11,385,712 shares of the financial services provider’s stock worth $681,093,000 after buying an additional 30,965 shares during the period. Finally, Russell Investments Group Ltd. acquired a new position in shares of Citigroup during the fourth quarter worth about $553,340,000. Institutional investors and hedge funds own 73.82% of the company’s stock.

Amica Mutual Insurance Co. increased its stake in Citigroup Inc (NYSE:C) by 8.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 226,933 shares of the financial services provider’s stock after buying an additional 18,567 shares during the period. Citigroup makes up 1.2% of Amica Mutual Insurance Co.’s holdings, making the stock its 11th largest position. Amica Mutual Insurance Co.’s holdings in Citigroup were worth $13,575,000 at the end of the most recent quarter.

Shares of Citigroup Inc (C) opened at 61.11 on Monday. The firm has a 50 day moving average price of $60.32 and a 200 day moving average price of $59.22. The stock has a market cap of $168.25 billion, a PE ratio of 12.32 and a beta of 1.68. Citigroup Inc has a 12-month low of $38.31 and a 12-month high of $62.69.

Citigroup (NYSE:C) last announced its quarterly earnings data on Thursday, April 13th. The financial services provider reported $1.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.11. Citigroup had a return on equity of 7.09% and a net margin of 18.10%. The business had revenue of $18.12 billion for the quarter, compared to the consensus estimate of $17.75 billion. During the same period in the previous year, the business earned $1.10 earnings per share. The business’s revenue was up 3.2% on a year-over-year basis. On average, equities analysts expect that Citigroup Inc will post $5.20 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 26th. Stockholders of record on Monday, May 1st were given a $0.16 dividend. The ex-dividend date of this dividend was Thursday, April 27th. This represents a $0.64 annualized dividend and a dividend yield of 1.05%. Citigroup’s payout ratio is 13.56%. A number of research analysts have recently commented on the company. Vetr raised Citigroup from a “buy” rating to a “strong-buy” rating and set a $63.15 price target on the stock in a research report on Wednesday, February 8th. Jefferies Group LLC reaffirmed a “hold” rating and set a $68.00 price target on shares of Citigroup in a research report on Monday, May 15th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $64.00 price target on shares of Citigroup in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eighteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $64.23.

Citigroup Company Profile Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “C”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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