D.A. Davidson & CO. boosted its position in Citigroup Inc. (NYSE:C) by 0.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,968 shares of the financial services provider’s stock after acquiring an additional 279 shares during the quarter. D.A. Davidson & CO.’s holdings in Citigroup were worth $2,873,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in C. Citigroup Inc. grew its stake in shares of Citigroup by 11.5% during the second quarter. Citigroup Inc. now owns 1,238,876 shares of the financial services provider’s stock valued at $82,856,000 after buying an additional 127,576 shares during the last quarter. Trustmark National Bank Trust Department grew its stake in shares of Citigroup by 24.8% during the second quarter. Trustmark National Bank Trust Department now owns 109,080 shares of the financial services provider’s stock valued at $7,295,000 after buying an additional 21,710 shares during the last quarter. Abbot Financial Management Inc. bought a new position in shares of Citigroup during the second quarter valued at about $302,000. Quantitative Investment Management LLC grew its stake in shares of Citigroup by 86.4% during the second quarter. Quantitative Investment Management LLC now owns 706,200 shares of the financial services provider’s stock valued at $47,230,000 after buying an additional 327,400 shares during the last quarter. Finally, Lazard Asset Management LLC grew its stake in shares of Citigroup by 109.5% during the second quarter. Lazard Asset Management LLC now owns 9,292,727 shares of the financial services provider’s stock valued at $621,497,000 after buying an additional 4,856,866 shares during the last quarter. 78.15% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Citigroup Inc. (NYSE:C) opened at $71.99 on Tuesday. The firm has a market cap of $191,029.14, a P/E ratio of 13.92, a P/E/G ratio of 1.42 and a beta of 1.57. 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 1 year low of $53.00 and a 1 year high of $76.14.

Citigroup (NYSE:C) last announced its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.10. The company had revenue of $18.17 billion during the quarter, compared to the consensus estimate of $17.87 billion. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.24 earnings per share. research analysts forecast that Citigroup Inc. will post 5.29 EPS for the current fiscal year.

The company also recently declared 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 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Friday, November 3rd. Citigroup’s dividend payout ratio (DPR) is currently 24.66%.

Several analysts recently issued reports on C shares. Wells Fargo & Company started coverage on Citigroup in a research note on Wednesday, August 9th. They issued an “outperform” rating and a $90.00 target price on the stock. Raymond James Financial, Inc. started coverage on Citigroup in a research note on Tuesday, October 31st. They issued a “hold” rating on the stock. HSBC Holdings plc set a $74.00 target price on Citigroup and gave the stock a “hold” rating in a research note on Friday, August 11th. Morgan Stanley raised their target price on Citigroup from $73.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, October 13th. Finally, BidaskClub raised Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 10th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. Citigroup has an average rating of “Buy” and a consensus target price of $74.77.

About Citigroup

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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