Westpac Banking Corp lowered its stake in shares of Citigroup Inc. (NYSE:C) by 38.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 239,629 shares of the financial services provider’s stock after selling 149,965 shares during the period. Westpac Banking Corp’s holdings in Citigroup were worth $17,431,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. BlackRock Inc. lifted its holdings in shares of Citigroup by 2,718.7% during 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 during the last quarter. Vanguard Group Inc. increased its position in shares of Citigroup by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 183,198,941 shares of the financial services provider’s stock valued at $10,958,960,000 after acquiring an additional 4,391,347 shares during the period. FMR LLC increased its position in shares of Citigroup by 3.8% in the 2nd quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock valued at $7,343,721,000 after acquiring an additional 4,061,637 shares during the period. Bank of New York Mellon Corp increased its position in shares of Citigroup by 6.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 46,110,561 shares of the financial services provider’s stock valued at $3,083,874,000 after acquiring an additional 2,943,282 shares during the period. Finally, Harris Associates L P increased its position in shares of Citigroup by 0.5% in the 2nd quarter. Harris Associates L P now owns 41,350,951 shares of the financial services provider’s stock valued at $2,765,551,000 after acquiring an additional 221,171 shares during the period. Institutional investors own 78.59% of the company’s stock.

C has been the topic of several research reports. Credit Suisse Group reissued a “buy” rating and issued a $83.00 target price (up from $73.00) on shares of Citigroup in a research report on Monday, October 9th. They noted that the move was a valuation call. Wells Fargo & Company reissued a “buy” rating on shares of Citigroup in a research report on Monday, October 2nd. Royal Bank of Canada reaffirmed a “buy” rating and set a $75.00 price target on shares of Citigroup in a research report on Wednesday, September 27th. BidaskClub raised Citigroup from a “hold” rating to a “buy” rating in a research report on Thursday, September 21st. Finally, Nomura increased their price target on Citigroup from $80.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, October 13th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $76.54.

Citigroup Inc. (C) opened at $74.77 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.11. Citigroup Inc. has a 12 month low of $55.23 and a 12 month high of $77.92. The firm has a market cap of $197,692.02, a P/E ratio of 14.41, a price-to-earnings-growth ratio of 1.47 and a beta of 1.55.

Citigroup (NYSE:C) last released 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 business had revenue of $18.17 billion for the quarter, compared to analyst estimates of $17.87 billion. During the same period last year, the company posted $1.24 EPS. The business’s revenue was up 2.3% on a year-over-year basis. sell-side analysts predict that Citigroup Inc. will post 5.3 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders 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 1.71%. The ex-dividend date was Friday, November 3rd. Citigroup’s dividend payout ratio (DPR) is 24.66%.

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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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