Artemis Investment Management LLP lifted its position in Citigroup Inc (NYSE:C) by 6.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,297,990 shares of the financial services provider’s stock after buying an additional 201,300 shares during the quarter. Citigroup comprises 2.6% of Artemis Investment Management LLP’s investment portfolio, making the stock its 2nd largest holding. Artemis Investment Management LLP’s holdings in Citigroup were worth $236,645,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Citigroup by 25.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 6,586 shares of the financial services provider’s stock valued at $441,000 after purchasing an additional 1,336 shares during the last quarter. Cornerstone Wealth Management LLC boosted its holdings in shares of Citigroup by 7,510.4% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 581,051 shares of the financial services provider’s stock valued at $8,652,000 after purchasing an additional 573,416 shares during the last quarter. Sumitomo Life Insurance Co. boosted its holdings in shares of Citigroup by 4.2% during the 2nd quarter. Sumitomo Life Insurance Co. now owns 81,545 shares of the financial services provider’s stock valued at $5,457,000 after purchasing an additional 3,289 shares during the last quarter. Douglas Lane & Associates LLC boosted its holdings in shares of Citigroup by 42.1% during the 2nd quarter. Douglas Lane & Associates LLC now owns 298,442 shares of the financial services provider’s stock valued at $19,972,000 after purchasing an additional 88,460 shares during the last quarter. Finally, Diversified Trust Co boosted its holdings in shares of Citigroup by 8.2% during the 2nd quarter. Diversified Trust Co now owns 39,409 shares of the financial services provider’s stock valued at $2,637,000 after purchasing an additional 2,975 shares during the last quarter. 72.85% of the stock is owned by institutional investors and hedge funds.

Several analysts have recently issued reports on the stock. BMO Capital Markets upped their target price on shares of Citigroup to $92.00 and gave the company a “market perform” rating in a research report on Monday, October 15th. Wolfe Research assumed coverage on shares of Citigroup in a research report on Tuesday, September 25th. They set an “outperform” rating on the stock. ValuEngine cut shares of Citigroup from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Deutsche Bank upped their target price on shares of Citigroup from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday, September 27th. Finally, Wells Fargo & Co set a $100.00 target price on shares of Citigroup and gave the company a “buy” rating in a research report on Monday, August 27th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and fifteen have issued a buy rating to the stock. Citigroup presently has a consensus rating of “Buy” and an average target price of $82.61.

Citigroup stock opened at $64.62 on Tuesday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.00 and a current ratio of 1.00. Citigroup Inc has a 1-year low of $62.34 and a 1-year high of $80.70. The stock has a market capitalization of $166.93 billion, a P/E ratio of 12.12, a PEG ratio of 0.85 and a beta of 1.47.

Citigroup (NYSE:C) last posted its quarterly earnings data on Friday, October 12th. The financial services provider reported $1.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.66 by $0.07. Citigroup had a negative net margin of 4.81% and a positive return on equity of 9.42%. The company had revenue of $18.39 billion for the quarter, compared to analyst estimates of $18.43 billion. During the same period in the prior year, the company posted $1.42 EPS. Sell-side analysts expect that Citigroup Inc will post 6.69 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 21st. Investors of record on Monday, November 5th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend is Friday, November 2nd. Citigroup’s dividend payout ratio (DPR) is currently 33.77%.

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About Citigroup

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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