Wall Street Access Asset Management LLC maintained its stake in shares of Citigroup Inc. (NYSE:C) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,669 shares of the financial services provider’s stock at the close of the second quarter. Citigroup accounts for about 2.3% of Wall Street Access Asset Management LLC’s investment portfolio, making the stock its 8th biggest holding. Wall Street Access Asset Management LLC’s holdings in Citigroup were worth $1,181,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of C. Catamount Wealth Management purchased a new stake in Citigroup during the second quarter worth approximately $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in Citigroup by 206.0% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock worth $102,000 after buying an additional 1,030 shares during the period. Patten Group Inc. grew its stake in Citigroup by 6.6% during the first quarter. Patten Group Inc. now owns 1,765 shares of the financial services provider’s stock worth $105,000 after buying an additional 110 shares during the period. Dubuque Bank & Trust Co. grew its stake in Citigroup by 60.8% during the second quarter. Dubuque Bank & Trust Co. now owns 1,584 shares of the financial services provider’s stock worth $106,000 after buying an additional 599 shares during the period. Finally, Acrospire Investment Management LLC grew its stake in Citigroup by 21.4% during the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after buying an additional 300 shares during the period. 78.15% of the stock is owned by hedge funds and other institutional investors.

Shares of Citigroup Inc. (C) opened at $71.73 on Thursday. 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 Inc. has a twelve month low of $54.21 and a twelve month high of $76.14. The firm has a market cap of $189,125.45, a PE ratio of 13.78, a P/E/G ratio of 1.40 and a beta of 1.57.

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

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

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Several research analysts have recently weighed in on the stock. Atlantic Securities restated an “overweight” rating and issued a $85.00 target price (up from $75.00) on shares of Citigroup in a research note on Tuesday, September 26th. Bank of America Corporation restated a “neutral” rating on shares of Citigroup in a research note on Wednesday, October 11th. Vetr upgraded shares of Citigroup from a “buy” rating to a “strong-buy” rating and set a $76.34 target price for the company in a research note on Thursday, August 3rd. BMO Capital Markets restated a “hold” rating and issued a $65.00 target price on shares of Citigroup in a research note on Friday, October 6th. Finally, Raymond James Financial, Inc. assumed coverage on shares of Citigroup in a research note on Tuesday, October 31st. They issued a “hold” rating for the company. 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 stock. The stock has a consensus rating of “Buy” and an average target price of $74.77.

About Citigroup

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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