Citigroup Inc (C) Shares Sold by NWQ Investment Management Company LLC

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.

WARNING: “Citigroup Inc (C) Shares Sold by NWQ Investment Management Company LLC” was first posted by TrueBlueTribune and is owned by of TrueBlueTribune. If you are viewing this article on another publication, it was illegally stolen and republished in violation of US and international copyright and trademark laws. The original version of this article can be viewed at https://www.truebluetribune.com/2018/01/23/citigroup-inc-c-shares-sold-by-nwq-investment-management-company-llc-2.html.

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.

Want to see what other hedge funds are holding C? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citigroup Inc (NYSE:C).

Institutional Ownership by Quarter for Citigroup (NYSE:C)

Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply