Vanguard Group Inc. grew its holdings in Citigroup Inc. (NYSE:C) by 0.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 183,306,563 shares of the financial services provider’s stock after buying an additional 107,622 shares during the quarter. Citigroup comprises 0.6% of Vanguard Group Inc.’s investment portfolio, making the stock its 25th biggest holding. Vanguard Group Inc. owned 6.73% of Citigroup worth $12,259,542,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital Analysts LLC increased its stake in Citigroup by 5.4% in the 2nd quarter. Capital Analysts LLC now owns 45,844 shares of the financial services provider’s stock valued at $3,066,000 after purchasing an additional 2,367 shares in the last quarter. Principal Financial Group Inc. increased its stake in Citigroup by 5.2% in the 2nd quarter. Principal Financial Group Inc. now owns 4,152,299 shares of the financial services provider’s stock valued at $277,705,000 after purchasing an additional 205,298 shares in the last quarter. BlackRock Inc. increased its stake in Citigroup by 2,718.7% in the 1st quarter. BlackRock Inc. now owns 196,415,461 shares of the financial services provider’s stock valued at $11,749,573,000 after purchasing an additional 189,447,104 shares in the last quarter. Amalgamated Bank increased its stake in Citigroup by 1.0% in the 1st quarter. Amalgamated Bank now owns 195,156 shares of the financial services provider’s stock valued at $11,674,000 after purchasing an additional 1,937 shares in the last quarter. Finally, Shelton Capital Management increased its stake in Citigroup by 13.9% in the 1st quarter. Shelton Capital Management now owns 60,400 shares of the financial services provider’s stock valued at $3,613,000 after purchasing an additional 7,384 shares in the last quarter. 78.15% of the stock is owned by institutional investors and hedge funds.

Citigroup Inc. (NYSE:C) opened at $71.53 on Wednesday. Citigroup Inc. has a fifty-two week low of $53.71 and a fifty-two week high of $76.14. The firm has a market capitalization of $190,341.69, a price-to-earnings ratio of 13.87, a P/E/G ratio of 1.41 and a beta of 1.57. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.01 and a quick ratio of 1.01.

Citigroup (NYSE:C) last issued its earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.10. The firm had revenue of $18.17 billion for the quarter, compared to analysts’ expectations of $17.87 billion. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.24 earnings per share. equities analysts forecast that Citigroup Inc. will post 5.31 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Monday, November 6th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date is Friday, November 3rd. Citigroup’s dividend payout ratio is presently 24.66%.

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Several research firms recently weighed in on C. set a $74.00 price objective on Citigroup and gave the company a “hold” rating in a research note on Friday, August 11th. Societe Generale raised Citigroup from a “sell” rating to a “hold” rating and raised their price objective for the company from $63.00 to $70.00 in a research note 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 research note on Wednesday, September 27th. Vetr downgraded Citigroup from a “strong-buy” rating to a “buy” rating and set a $76.22 price objective for the company. in a research note on Monday, July 31st. Finally, Credit Suisse Group reissued an “outperform” rating and set a $76.00 price target (up previously from $70.00) on shares of Citigroup in a research report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $74.77.

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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