Citigroup Inc. (NYSE:C) Shares Acquired by Ballentine Partners LLC

Ballentine Partners LLC lifted its position in Citigroup Inc. (NYSE:C) by 49.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,460 shares of the company’s stock after purchasing an additional 7,392 shares during the period. Ballentine Partners LLC’s holdings in Citigroup were worth $1,406,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in C. Garrison Point Advisors LLC raised its stake in shares of Citigroup by 7.7% during the 3rd quarter. Garrison Point Advisors LLC now owns 3,664 shares of the company’s stock worth $229,000 after buying an additional 261 shares during the period. apricus wealth LLC raised its position in Citigroup by 2.4% during the third quarter. apricus wealth LLC now owns 43,495 shares of the company’s stock worth $2,723,000 after acquiring an additional 1,040 shares during the period. Boyd Watterson Asset Management LLC OH lifted its holdings in Citigroup by 79.5% during the third quarter. Boyd Watterson Asset Management LLC OH now owns 27,571 shares of the company’s stock valued at $1,726,000 after purchasing an additional 12,210 shares in the last quarter. CENTRAL TRUST Co grew its position in shares of Citigroup by 920.4% in the third quarter. CENTRAL TRUST Co now owns 18,184 shares of the company’s stock valued at $1,138,000 after purchasing an additional 16,402 shares during the period. Finally, Romano Brothers AND Company increased its stake in shares of Citigroup by 32.0% during the third quarter. Romano Brothers AND Company now owns 53,653 shares of the company’s stock worth $3,359,000 after purchasing an additional 13,000 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Price Performance

NYSE:C opened at $61.76 on Friday. The company has a market capitalization of $117.80 billion, a P/E ratio of 17.30, a P/E/G ratio of 0.74 and a beta of 1.44. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.47. Citigroup Inc. has a 52 week low of $38.17 and a 52 week high of $67.81. The stock’s fifty day moving average is $61.67 and its two-hundred day moving average is $61.95.

Citigroup (NYSE:C) last issued its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.20. Citigroup had a net margin of 4.95% and a return on equity of 6.26%. The firm had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.86 billion. During the same period in the previous year, the firm earned $1.52 EPS. Citigroup’s revenue was up .9% on a year-over-year basis. Equities analysts expect that Citigroup Inc. will post 5.76 EPS for the current year.

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Monday, November 4th will be given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend is Monday, November 4th. Citigroup’s payout ratio is 62.75%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on C shares. The Goldman Sachs Group decreased their price target on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. Argus lifted their price target on Citigroup from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Morgan Stanley reduced their price objective on Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Oppenheimer lowered their target price on shares of Citigroup from $92.00 to $91.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 16th. Finally, Bank of America increased their target price on shares of Citigroup from $77.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.06.

Citigroup Profile

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.