Pinebridge Investments L.P. decreased its position in Citigroup Inc. (NYSE:C) by 2.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,620,146 shares of the financial services provider’s stock after selling 47,594 shares during the quarter. Citigroup accounts for about 2.8% of Pinebridge Investments L.P.’s investment portfolio, making the stock its largest holding. Pinebridge Investments L.P. owned approximately 0.06% of Citigroup worth $108,355,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. BlackRock Inc. grew its position in shares of Citigroup by 2,718.7% during the first quarter. BlackRock Inc. now owns 196,415,461 shares of the financial services provider’s stock worth $11,749,573,000 after buying an additional 189,447,104 shares in the last quarter. FMR LLC grew its position in shares of Citigroup by 18.2% during the first quarter. FMR LLC now owns 105,742,815 shares of the financial services provider’s stock worth $6,325,535,000 after buying an additional 16,257,931 shares in the last quarter. Lazard Asset Management LLC grew its position in shares of Citigroup by 109.5% during the second quarter. Lazard Asset Management LLC now owns 9,292,727 shares of the financial services provider’s stock worth $621,497,000 after buying an additional 4,856,866 shares in the last quarter. Pioneer Investment Management Inc. grew its position in shares of Citigroup by 2,317.8% during the second quarter. Pioneer Investment Management Inc. now owns 5,002,029 shares of the financial services provider’s stock worth $334,536,000 after buying an additional 4,795,145 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Citigroup by 2.5% during the first quarter. Vanguard Group Inc. now owns 183,198,941 shares of the financial services provider’s stock worth $10,958,960,000 after buying an additional 4,391,347 shares in the last quarter. 78.15% of the stock is owned by institutional investors.

Citigroup Inc. (NYSE:C) opened at $71.99 on Tuesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.01 and a current ratio of 1.01. Citigroup Inc. has a 12 month low of $53.00 and a 12 month high of $76.14. The firm has a market capitalization of $191,029.14, a PE ratio of 13.92, a price-to-earnings-growth ratio of 1.42 and a beta of 1.57.

Citigroup (NYSE:C) last announced its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.10. The business had revenue of $18.17 billion during the quarter, compared to analyst estimates of $17.87 billion. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The firm’s revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.24 EPS. equities research analysts forecast that Citigroup Inc. will post 5.29 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Monday, November 6th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $1.28 annualized dividend and a dividend yield of 1.78%. Citigroup’s dividend payout ratio is 24.66%.

A number of research firms have commented on C. HSBC Holdings plc set a $74.00 price objective on shares of Citigroup and gave the stock a “hold” rating in a report on Friday, August 11th. Societe Generale raised shares of Citigroup from a “sell” rating to a “hold” rating and lifted their price objective for the stock from $63.00 to $70.00 in a report on Monday, September 11th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $75.00 price objective on shares of Citigroup in a report on Wednesday, September 27th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $76.00 price objective (up previously from $70.00) on shares of Citigroup in a report on Wednesday, July 26th. Finally, Nomura lifted their price objective on shares of Citigroup from $74.00 to $78.00 and gave the stock a “buy” rating in a report on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $74.77.

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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.

Institutional Ownership by Quarter for Citigroup (NYSE:C)

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