First Manhattan Co. reduced its stake in shares of Citigroup Inc (NYSE:C) by 12.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 826,902 shares of the financial services provider’s stock after selling 115,393 shares during the quarter. First Manhattan Co.’s holdings in Citigroup were worth $61,529,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Leisure Capital Management raised its position in Citigroup by 1.6% during the second quarter. Leisure Capital Management now owns 3,763 shares of the financial services provider’s stock valued at $252,000 after acquiring an additional 59 shares in the last quarter. Halbert Hargrove Russell LLC raised its position in Citigroup by 1.6% during the second quarter. Halbert Hargrove Russell LLC now owns 4,736 shares of the financial services provider’s stock valued at $317,000 after acquiring an additional 74 shares in the last quarter. Usca Ria LLC raised its position in Citigroup by 0.3% during the second quarter. Usca Ria LLC now owns 34,375 shares of the financial services provider’s stock valued at $2,299,000 after acquiring an additional 90 shares in the last quarter. Boys Arnold & Co. Inc. raised its position in Citigroup by 0.7% during the second quarter. Boys Arnold & Co. Inc. now owns 14,532 shares of the financial services provider’s stock valued at $972,000 after acquiring an additional 100 shares in the last quarter. Finally, Carnegie Capital Asset Management LLC raised its position in Citigroup by 0.5% during the second quarter. Carnegie Capital Asset Management LLC now owns 20,225 shares of the financial services provider’s stock valued at $1,404,000 after acquiring an additional 101 shares in the last quarter. Institutional investors own 80.94% of the company’s stock.

Shares of Citigroup Inc (NYSE C) opened at $74.99 on Thursday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $198,270.00, a P/E ratio of 13.51, a PEG ratio of 1.09 and a beta of 1.54. Citigroup Inc has a 12 month low of $56.14 and a 12 month high of $80.70.

Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.09. The firm had revenue of $17.26 billion for the quarter, compared to analyst estimates of $17.23 billion. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The business’s revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.14 earnings per share. research analysts predict that Citigroup Inc will post 6.4 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Monday, February 5th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Friday, February 2nd. Citigroup’s dividend payout ratio is presently 23.06%.

Several research analysts recently weighed in on the company. DZ Bank upgraded Citigroup from a “hold” rating to a “buy” rating in a research report on Wednesday. Royal Bank of Canada reiterated an “outperform” rating and set a $85.00 price target on shares of Citigroup in a research report on Wednesday, January 17th. Deutsche Bank set a $74.00 price target on Citigroup and gave the company a “neutral” rating in a research report on Wednesday, January 17th. JPMorgan Chase & Co. set a $80.00 price objective on Citigroup and gave the company a “buy” rating in a research report on Wednesday, January 17th. Finally, Vetr cut Citigroup from a “sell” rating to a “strong sell” rating and set a $70.80 price objective for the company. in a research report on Monday, January 29th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Citigroup presently has an average rating of “Buy” and a consensus target price of $79.44.

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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.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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