Citigroup Inc. (C) Holdings Trimmed by Balyasny Asset Management LLC

Balyasny Asset Management LLC trimmed its holdings in Citigroup Inc. (NYSE:C) by 52.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,091,561 shares of the financial services provider’s stock after selling 1,200,550 shares during the quarter. Balyasny Asset Management LLC’s holdings in Citigroup were worth $73,004,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of C. Arete Wealth Advisors LLC boosted its position in shares of Citigroup by 7.1% during the 2nd quarter. Arete Wealth Advisors LLC now owns 3,944 shares of the financial services provider’s stock valued at $264,000 after acquiring an additional 260 shares during the last quarter. Frontier Wealth Management LLC boosted its position in shares of Citigroup by 1.3% during the 2nd quarter. Frontier Wealth Management LLC now owns 10,901 shares of the financial services provider’s stock valued at $729,000 after acquiring an additional 140 shares during the last quarter. Carnegie Capital Asset Management LLC boosted its position in shares of Citigroup by 0.5% during the 2nd quarter. Carnegie Capital Asset Management LLC now owns 20,225 shares of the financial services provider’s stock valued at $1,404,000 after acquiring an additional 101 shares during the last quarter. Risk Paradigm Group LLC boosted its position in shares of Citigroup by 692.0% during the 2nd quarter. Risk Paradigm Group LLC now owns 2,281 shares of the financial services provider’s stock valued at $153,000 after acquiring an additional 1,993 shares during the last quarter. Finally, Paragon Associates & Paragon Associates II Joint Venture bought a new position in shares of Citigroup during the 2nd quarter valued at approximately $9,029,000. Institutional investors and hedge funds own 77.98% of the company’s stock.

C has been the subject of a number of research reports. Credit Suisse Group reiterated an “outperform” rating and set a $76.00 target price (up from $70.00) on shares of Citigroup in a research report on Wednesday, July 26th. BMO Capital Markets downgraded Citigroup from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $67.43 to $65.00 in a research report on Monday, July 31st. They noted that the move was a valuation call. Vetr downgraded Citigroup from a “strong-buy” rating to a “buy” rating and set a $76.22 target price for the company. in a research report on Monday, July 31st. J P Morgan Chase & Co set a $73.50 target price on Citigroup and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Finally, Wells Fargo & Company started coverage on Citigroup in a research report on Wednesday, August 9th. They set an “outperform” rating and a $90.00 target price for the company. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $75.61.

Citigroup Inc. (C) opened at $72.05 on Tuesday. The company has a market capitalization of $190,500.00, a price-to-earnings ratio of 13.74, a PEG ratio of 1.40 and a beta of 1.57. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.01 and a current ratio of 1.01. Citigroup Inc. has a 52 week low of $55.14 and a 52 week high of $76.14.

Citigroup (NYSE:C) last announced its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.42 EPS for the quarter, beating the consensus estimate of $1.32 by $0.10. The firm had revenue of $18.17 billion for the quarter, compared to analyst estimates of $17.87 billion. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.24 earnings per share. analysts forecast that Citigroup Inc. will post 5.31 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Monday, November 6th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend is Friday, November 3rd. Citigroup’s payout ratio is currently 24.66%.

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Citigroup Company Profile

Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.

Institutional Ownership by Quarter for Citigroup (NYSE:C)

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