NWQ Investment Management Company LLC reduced its position in shares of Citigroup Inc (NYSE:C) by 16.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,223,674 shares of the financial services provider’s stock after selling 448,894 shares during the period. Citigroup makes up approximately 2.0% of NWQ Investment Management Company LLC’s portfolio, making the stock its 5th largest position. NWQ Investment Management Company LLC owned about 0.08% of Citigroup worth $161,750,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. FMR LLC raised its holdings in Citigroup by 3.8% during the second quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock worth $7,343,721,000 after purchasing an additional 4,061,637 shares in the last quarter. Bank of New York Mellon Corp grew its position in Citigroup by 6.8% during the second quarter. Bank of New York Mellon Corp now owns 46,110,561 shares of the financial services provider’s stock worth $3,083,874,000 after buying an additional 2,943,282 shares during the period. Harris Associates L P grew its position in Citigroup by 0.5% during the second quarter. Harris Associates L P now owns 41,350,951 shares of the financial services provider’s stock worth $2,765,551,000 after buying an additional 221,171 shares during the period. Northern Trust Corp grew its position in Citigroup by 3.1% during the second quarter. Northern Trust Corp now owns 34,097,795 shares of the financial services provider’s stock worth $2,280,461,000 after buying an additional 1,011,532 shares during the period. Finally, Boston Partners grew its position in Citigroup by 3.4% during the third quarter. Boston Partners now owns 24,591,045 shares of the financial services provider’s stock worth $1,788,752,000 after buying an additional 817,162 shares during the period. 78.61% of the stock is owned by hedge funds and other institutional investors.
Citigroup Inc (NYSE C) opened at $78.59 on Tuesday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market cap of $207,790.00, a P/E ratio of 14.16, a P/E/G ratio of 1.49 and a beta of 1.56. Citigroup Inc has a one year low of $55.23 and a one year high of $78.90.
Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.09. The business had revenue of $17.26 billion for the quarter, compared to the consensus estimate of $17.23 billion. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.60%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.14 earnings per share. research analysts forecast that Citigroup Inc will post 6.33 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 5th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Friday, February 2nd. Citigroup’s payout ratio is 23.06%.
C has been the topic of several recent analyst reports. Atlantic Securities restated an “overweight” rating and set a $85.00 target price (up from $75.00) on shares of Citigroup in a research report on Tuesday, September 26th. Bank of America restated a “neutral” rating on shares of Citigroup in a research report on Wednesday, October 11th. ValuEngine upgraded shares of Citigroup from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Barclays upped their target price on shares of Citigroup from $76.00 to $93.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Finally, Raymond James Financial began coverage on shares of Citigroup in a research report on Tuesday, October 31st. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Citigroup currently has a consensus rating of “Buy” and an average price target of $79.30.
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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.
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