SignalPoint Asset Management LLC acquired a new stake in shares of Citigroup Inc. (NYSE:C) during the third quarter, according to its most recent filing with the SEC. The fund acquired 3,032 shares of the financial services provider’s stock, valued at approximately $220,000.

A number of other institutional investors have also bought and sold shares of C. BlackRock Inc. grew its position in Citigroup by 2,718.7% during the first quarter. BlackRock Inc. now owns 196,415,461 shares of the financial services provider’s stock worth $11,749,573,000 after buying an additional 189,447,104 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Citigroup by 109.5% in the 2nd quarter. Lazard Asset Management LLC now owns 9,292,727 shares of the financial services provider’s stock worth $621,497,000 after purchasing an additional 4,856,866 shares in the last quarter. PointState Capital LP purchased a new position in shares of Citigroup in the 2nd quarter worth about $321,322,000. Pioneer Investment Management Inc. boosted its holdings in shares of Citigroup by 2,317.8% in the 2nd quarter. Pioneer Investment Management Inc. now owns 5,002,029 shares of the financial services provider’s stock worth $334,536,000 after purchasing an additional 4,795,145 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Citigroup by 42.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,815,133 shares of the financial services provider’s stock worth $990,836,000 after purchasing an additional 4,413,329 shares in the last quarter. Institutional investors and hedge funds own 78.47% of the company’s stock.

Citigroup Inc. (NYSE:C) opened at $74.70 on Wednesday. The company has a market capitalization of $200,071.63, a P/E ratio of 14.58, a price-to-earnings-growth ratio of 1.48 and a beta of 1.55. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.11. Citigroup Inc. has a 52-week low of $55.23 and a 52-week high of $77.92.

Citigroup (NYSE:C) last announced its earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.10. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The firm had revenue of $18.17 billion during the quarter, compared to analyst estimates of $17.87 billion. During the same quarter in the prior year, the company earned $1.24 EPS. The business’s revenue was up 2.3% compared to the same quarter last year. equities research analysts forecast that Citigroup Inc. will post 5.3 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Monday, November 6th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend was Friday, November 3rd. Citigroup’s dividend payout ratio is currently 24.66%.

A number of research firms have recently issued reports on C. Wells Fargo & Company reiterated an “outperform” rating and issued a $95.00 price objective (up from $90.00) on shares of Citigroup in a report on Wednesday. Royal Bank of Canada restated a “buy” rating and set a $75.00 target price on shares of Citigroup in a report on Wednesday, September 27th. Societe Generale upgraded Citigroup from a “sell” rating to a “hold” rating and increased their target price for the company from $63.00 to $70.00 in a report on Monday, September 11th. ValuEngine upgraded Citigroup from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Finally, Jefferies Group set a $81.00 target price on Citigroup and gave the company a “neutral” rating in a report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Citigroup has an average rating of “Buy” and a consensus target price of $76.78.

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Citigroup 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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