M Holdings Securities Inc. boosted its position in shares of Citigroup Inc (NYSE:C) by 5.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,319 shares of the financial services provider’s stock after buying an additional 1,461 shares during the quarter. M Holdings Securities Inc.’s holdings in Citigroup were worth $1,761,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of C. State of New Jersey Common Pension Fund D boosted its stake in Citigroup by 3.5% during the first quarter. State of New Jersey Common Pension Fund D now owns 2,981,000 shares of the financial services provider’s stock worth $201,218,000 after buying an additional 100,000 shares during the period. Tiverton Asset Management LLC boosted its stake in Citigroup by 120.7% during the first quarter. Tiverton Asset Management LLC now owns 56,050 shares of the financial services provider’s stock worth $3,783,000 after buying an additional 30,657 shares during the period. Signaturefd LLC boosted its stake in Citigroup by 42.5% during the first quarter. Signaturefd LLC now owns 13,140 shares of the financial services provider’s stock worth $887,000 after buying an additional 3,919 shares during the period. AdvisorNet Financial Inc boosted its stake in Citigroup by 102.8% during the first quarter. AdvisorNet Financial Inc now owns 6,992 shares of the financial services provider’s stock worth $472,000 after buying an additional 3,544 shares during the period. Finally, US Bancorp DE boosted its stake in Citigroup by 2.0% during the first quarter. US Bancorp DE now owns 529,847 shares of the financial services provider’s stock worth $35,764,000 after buying an additional 10,476 shares during the period. 74.78% of the stock is owned by institutional investors.

A number of brokerages have recently issued reports on C. ValuEngine lowered shares of Citigroup from a “hold” rating to a “sell” rating in a research note on Wednesday, August 15th. Royal Bank of Canada reissued a “buy” rating and set a $85.00 target price on shares of Citigroup in a research note on Monday, July 16th. Morgan Stanley lowered their target price on shares of Citigroup from $88.00 to $84.00 and set an “overweight” rating for the company in a research note on Monday, July 16th. Deutsche Bank raised shares of Citigroup from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research note on Wednesday, June 20th. Finally, Goldman Sachs Group set a $78.00 target price on shares of Citigroup and gave the company a “neutral” rating in a research note on Friday, July 20th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $81.65.

C stock opened at $70.88 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $181.29 billion, a P/E ratio of 13.30, a PEG ratio of 0.96 and a beta of 1.45. Citigroup Inc has a 1-year low of $64.38 and a 1-year high of $80.70.

Citigroup (NYSE:C) last released its quarterly earnings data on Friday, July 13th. The financial services provider reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.08. The firm had revenue of $18.47 billion during the quarter, compared to the consensus estimate of $18.43 billion. Citigroup had a positive return on equity of 8.78% and a negative net margin of 5.45%. sell-side analysts anticipate that Citigroup Inc will post 6.57 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 24th. Investors of record on Monday, August 6th were issued a $0.45 dividend. This is an increase from Citigroup’s previous quarterly dividend of $0.32. This represents a $1.80 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend was Friday, August 3rd. Citigroup’s payout ratio is presently 33.77%.

In related news, insider Raja Akram sold 500 shares of Citigroup stock in a transaction dated Thursday, July 19th. The stock was sold at an average price of $69.21, for a total value of $34,605.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Francisco Aristeguieta sold 15,000 shares of the business’s stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $72.36, for a total transaction of $1,085,400.00. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.

Citigroup Profile

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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