Global Endowment Management LP boosted its position in shares of Citigroup Inc (NYSE:C) by 16.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,360 shares of the financial services provider’s stock after buying an additional 900 shares during the quarter. Global Endowment Management LP’s holdings in Citigroup were worth $457,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. Front Barnett Associates LLC increased its stake in shares of Citigroup by 0.5% in the 2nd quarter. Front Barnett Associates LLC now owns 134,048 shares of the financial services provider’s stock worth $8,970,000 after acquiring an additional 700 shares in the last quarter. HCR Wealth Advisors increased its stake in shares of Citigroup by 3.1% in the 3rd quarter. HCR Wealth Advisors now owns 25,477 shares of the financial services provider’s stock worth $1,712,000 after acquiring an additional 758 shares in the last quarter. Capital Analysts LLC increased its stake in shares of Citigroup by 1.4% in the 2nd quarter. Capital Analysts LLC now owns 53,576 shares of the financial services provider’s stock worth $3,585,000 after acquiring an additional 762 shares in the last quarter. IFG Advisory LLC increased its stake in shares of Citigroup by 12.4% in the 2nd quarter. IFG Advisory LLC now owns 7,067 shares of the financial services provider’s stock worth $472,000 after acquiring an additional 780 shares in the last quarter. Finally, Proficio Capital Partners LLC increased its stake in shares of Citigroup by 4.5% in the 2nd quarter. Proficio Capital Partners LLC now owns 18,310 shares of the financial services provider’s stock worth $1,225,000 after acquiring an additional 791 shares in the last quarter. Institutional investors own 72.85% of the company’s stock.

C opened at $62.53 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.32. The company has a market capitalization of $166.08 billion, a P/E ratio of 11.73, a price-to-earnings-growth ratio of 0.85 and a beta of 1.47. Citigroup Inc has a 12-month low of $62.15 and a 12-month high of $80.70.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 21st. Investors of record on Monday, November 5th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date of this dividend is Friday, November 2nd. Citigroup’s payout ratio is 33.77%.

Several research analysts recently issued reports on C shares. BMO Capital Markets increased their price target on shares of Citigroup to $92.00 and gave the stock a “market perform” rating in a research note on Monday, October 15th. Wolfe Research started coverage on shares of Citigroup in a research report on Tuesday, September 25th. They set an “outperform” rating on the stock. ValuEngine downgraded shares of Citigroup from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Deutsche Bank increased their price objective 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 price objective on shares of Citigroup and gave the company a “buy” rating in a research report on Monday, August 27th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and fifteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $82.61.

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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.

Further Reading: Growth Stocks

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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