Cambridge Investment Research Advisors Inc. raised its stake in shares of Citigroup Inc. (NYSE:C) by 43.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 64,789 shares of the financial services provider’s stock after buying an additional 19,504 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Citigroup were worth $3,876,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of C. Advisory Services Network LLC acquired a new stake in shares of Citigroup during the first quarter valued at approximately $877,000. Advisor Partners LLC boosted its stake in shares of Citigroup by 10.6% in the first quarter. Advisor Partners LLC now owns 48,936 shares of the financial services provider’s stock valued at $2,927,000 after buying an additional 4,685 shares during the last quarter. Capital Advisors Inc. OK boosted its stake in shares of Citigroup by 2.1% in the first quarter. Capital Advisors Inc. OK now owns 393,431 shares of the financial services provider’s stock valued at $23,535,000 after buying an additional 8,070 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its stake in shares of Citigroup by 7.5% in the first quarter. Diamond Hill Capital Management Inc. now owns 9,680,474 shares of the financial services provider’s stock valued at $579,086,000 after buying an additional 672,933 shares during the last quarter. Finally, Wetherby Asset Management Inc. boosted its stake in shares of Citigroup by 3.4% in the first quarter. Wetherby Asset Management Inc. now owns 41,868 shares of the financial services provider’s stock valued at $2,505,000 after buying an additional 1,361 shares during the last quarter. Institutional investors own 75.39% of the company’s stock.

Shares of Citigroup Inc. (NYSE C) traded down 1.15% on Tuesday, reaching $67.03. 4,847,721 shares of the company were exchanged. The stock has a market capitalization of $182.63 billion, a PE ratio of 13.42 and a beta of 1.48. The firm has a 50 day moving average price of $67.51 and a 200-day moving average price of $62.64. Citigroup Inc. has a 12-month low of $45.16 and a 12-month high of $69.86.

Citigroup (NYSE:C) last issued its quarterly earnings results on Friday, July 14th. The financial services provider reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.07. Citigroup had a net margin of 18.11% and a return on equity of 7.32%. The business had revenue of $17.90 billion for the quarter, compared to the consensus estimate of $17.38 billion. During the same quarter in the previous year, the firm earned $1.24 earnings per share. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, analysts predict that Citigroup Inc. will post $5.22 EPS for the current fiscal year.

Citigroup declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, June 28th that permits the company to buyback $15.60 billion in outstanding shares. This buyback authorization permits the financial services provider to reacquire up to 8.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

The company also recently declared a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Monday, August 7th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $1.28 annualized dividend and a yield of 1.89%. This is an increase from Citigroup’s previous quarterly dividend of $0.16. Citigroup’s payout ratio is currently 25.55%.

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C has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a research report on Friday, July 7th. Vetr upgraded shares of Citigroup from a “buy” rating to a “strong-buy” rating and set a $76.34 price objective for the company in a research report on Thursday, August 3rd. Jefferies Group LLC restated a “hold” rating and issued a $68.00 price objective on shares of Citigroup in a research report on Monday, May 15th. BMO Capital Markets restated a “buy” rating and issued a $64.00 price objective on shares of Citigroup in a research report on Thursday, June 1st. Finally, Buckingham Research reiterated a “buy” rating and set a $81.00 target price (up previously from $70.00) on shares of Citigroup in a report on Monday, July 10th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Citigroup presently has a consensus rating of “Buy” and an average price target of $69.08.

In other Citigroup news, CEO Francisco Aristeguieta sold 40,000 shares of Citigroup stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $67.55, for a total transaction of $2,702,000.00. Following the transaction, the chief executive officer now owns 77,570 shares of the company’s stock, valued at $5,239,853.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey R. Walsh sold 5,000 shares of Citigroup stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $68.97, for a total transaction of $344,850.00. Following the transaction, the insider now directly owns 56,394 shares in the company, valued at approximately $3,889,494.18. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

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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