Citigroup Inc. (NYSE:C) Stock Position Decreased by ING Groep NV

ING Groep NV lowered its holdings in Citigroup Inc. (NYSE:C) by 57.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 102,156 shares of the company’s stock after selling 139,768 shares during the period. ING Groep NV’s holdings in Citigroup were worth $6,395,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of C. Tokio Marine Asset Management Co. Ltd. lifted its stake in Citigroup by 5.1% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 52,767 shares of the company’s stock valued at $3,303,000 after buying an additional 2,560 shares during the last quarter. Black Swift Group LLC lifted its position in Citigroup by 60.6% in the 3rd quarter. Black Swift Group LLC now owns 9,500 shares of the company’s stock valued at $595,000 after purchasing an additional 3,585 shares during the last quarter. Zions Bancorporation N.A. lifted its position in Citigroup by 17.0% in the 3rd quarter. Zions Bancorporation N.A. now owns 4,279 shares of the company’s stock valued at $268,000 after purchasing an additional 621 shares during the last quarter. KBC Group NV boosted its stake in Citigroup by 1.8% during the 3rd quarter. KBC Group NV now owns 1,138,511 shares of the company’s stock valued at $71,270,000 after purchasing an additional 20,291 shares during the period. Finally, Rossmore Private Capital grew its position in Citigroup by 14.0% in the 3rd quarter. Rossmore Private Capital now owns 11,430 shares of the company’s stock worth $716,000 after purchasing an additional 1,400 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Trading Up 0.9 %

Shares of NYSE C opened at $68.76 on Friday. The stock has a market cap of $130.04 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 0.77 and a beta of 1.44. The business has a 50 day simple moving average of $63.21 and a 200 day simple moving average of $62.59. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.96 and a current ratio of 0.96. Citigroup Inc. has a 52 week low of $44.32 and a 52 week high of $70.20.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.20. The company had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.86 billion. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The business’s revenue was up .9% compared to the same quarter last year. During the same period last year, the company earned $1.52 earnings per share. On average, research analysts predict that Citigroup Inc. will post 5.85 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were paid a dividend of $0.56 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.24 annualized dividend and a yield of 3.26%. Citigroup’s payout ratio is 64.93%.

Analysts Set New Price Targets

Several equities analysts have commented on C shares. Barclays boosted their price target on shares of Citigroup from $63.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Bank of America upped their price objective on Citigroup from $77.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Morgan Stanley dropped their price target on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. The Goldman Sachs Group reduced their price objective on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Finally, Oppenheimer boosted their target price on shares of Citigroup from $91.00 to $107.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Citigroup presently has a consensus rating of “Moderate Buy” and an average price target of $73.00.

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.