Wafra Investment Advisory Group Inc. NY cut its stake in Citigroup Inc. (NYSE:C) by 3.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 196,807 shares of the financial services provider’s stock after selling 6,510 shares during the period. Wafra Investment Advisory Group Inc. NY’s holdings in Citigroup were worth $13,162,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. grew its holdings in Citigroup by 2,718.7% during the 1st quarter. BlackRock Inc. now owns 196,415,461 shares of the financial services provider’s stock worth $11,749,573,000 after acquiring an additional 189,447,104 shares in the last quarter. FMR LLC grew its holdings in Citigroup by 18.2% during the 1st quarter. FMR LLC now owns 105,742,815 shares of the financial services provider’s stock worth $6,325,535,000 after acquiring an additional 16,257,931 shares in the last quarter. Lazard Asset Management LLC grew its holdings in Citigroup by 109.5% during the 2nd quarter. Lazard Asset Management LLC now owns 9,292,727 shares of the financial services provider’s stock worth $621,497,000 after acquiring an additional 4,856,866 shares in the last quarter. PointState Capital LP bought a new position in Citigroup during the 2nd quarter worth about $321,322,000. Finally, Pioneer Investment Management Inc. grew its holdings in Citigroup by 2,317.8% during the 2nd quarter. Pioneer Investment Management Inc. now owns 5,002,029 shares of the financial services provider’s stock worth $334,536,000 after acquiring an additional 4,795,145 shares in the last quarter. Hedge funds and other institutional investors own 78.58% of the company’s stock.

Several brokerages have issued reports on C. Wells Fargo & Company began coverage on shares of Citigroup in a report on Wednesday, August 9th. They set an “outperform” rating and a $90.00 target price on the stock. Raymond James Financial began coverage on shares of Citigroup in a report on Tuesday, October 31st. They set a “hold” rating on the stock. set a $74.00 target price on shares of Citigroup and gave the stock a “hold” rating in a report on Friday, August 11th. Morgan Stanley increased their target price on shares of Citigroup from $73.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, October 13th. Finally, BidaskClub upgraded shares of Citigroup from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $75.61.

Shares of Citigroup Inc. (NYSE C) opened at $75.04 on Thursday. The company has a market cap of $194,862.94, a PE ratio of 14.20, a price-to-earnings-growth ratio of 1.44 and a beta of 1.57. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.11. Citigroup Inc. has a 1 year low of $55.23 and a 1 year high of $76.14.

Citigroup (NYSE:C) last announced its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.10. The firm had revenue of $18.17 billion during the quarter, compared to analyst estimates of $17.87 billion. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. Citigroup’s revenue was up 2.3% on a year-over-year basis. During the same period last year, the firm posted $1.24 EPS. equities research analysts predict that Citigroup Inc. will post 5.31 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Monday, November 6th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.71%. The ex-dividend date was Friday, November 3rd. Citigroup’s payout ratio is currently 24.66%.

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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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