Honkamp Krueger Financial Services Inc. raised its position in Citigroup Inc. (NYSE:C) by 74.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,965 shares of the financial services provider’s stock after purchasing an additional 12,821 shares during the quarter. Honkamp Krueger Financial Services Inc.’s holdings in Citigroup were worth $2,180,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. BlackRock Inc. increased its stake 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 valued at $11,749,573,000 after acquiring an additional 189,447,104 shares during the period. Lazard Asset Management LLC increased its stake 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 valued at $621,497,000 after acquiring an additional 4,856,866 shares during the period. PointState Capital LP acquired a new position in shares of Citigroup during the second quarter valued at approximately $321,322,000. Pioneer Investment Management Inc. increased its stake 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 valued at $334,536,000 after acquiring an additional 4,795,145 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Citigroup by 42.4% during the second quarter. The Manufacturers Life Insurance Company now owns 14,815,133 shares of the financial services provider’s stock valued at $990,836,000 after acquiring an additional 4,413,329 shares during the period. Institutional investors own 78.59% of the company’s stock.

Shares of Citigroup Inc. (NYSE:C) opened at $75.71 on Friday. The firm has a market cap of $198,247.28, a P/E ratio of 14.45, a P/E/G ratio of 1.47 and a beta of 1.55. Citigroup Inc. has a 1-year low of $55.23 and a 1-year high of $77.92. 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 (NYSE:C) last issued its earnings results 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 firm had revenue of $18.17 billion during the quarter, compared to analysts’ expectations of $17.87 billion. During the same period last year, the firm posted $1.24 earnings per share. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. equities research analysts predict that Citigroup Inc. will post 5.31 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Monday, November 6th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend was Friday, November 3rd. Citigroup’s dividend payout ratio is 24.66%.

A number of research analysts recently commented on C shares. Wells Fargo & Company reiterated a “buy” rating on shares of Citigroup in a research note on Monday, October 2nd. Royal Bank Of Canada reiterated a “buy” rating and set a $75.00 price objective on shares of Citigroup in a research note on Wednesday, September 27th. Keefe, Bruyette & Woods set a $75.00 price objective on shares of Citigroup and gave the company a “buy” rating in a research note on Sunday, August 13th. BidaskClub upgraded shares of Citigroup from a “hold” rating to a “buy” rating in a research note on Thursday, September 21st. Finally, Credit Suisse Group reiterated a “buy” rating and set a $73.00 price objective on shares of Citigroup in a research note on Wednesday, September 13th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $75.83.

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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.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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