Nippon Life Insurance Co. increased its stake in shares of Citigroup Inc. (NYSE:C) by 4.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,313 shares of the financial services provider’s stock after acquiring an additional 4,564 shares during the quarter. Nippon Life Insurance Co.’s holdings in Citigroup were worth $8,024,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of C. Catamount Wealth Management acquired a new position in Citigroup in the second quarter valued at $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in Citigroup by 206.0% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 1,030 shares during the period. Patten Group Inc. increased its stake in Citigroup by 6.6% in the first quarter. Patten Group Inc. now owns 1,765 shares of the financial services provider’s stock valued at $105,000 after purchasing an additional 110 shares during the period. Balentine LLC increased its stake in Citigroup by 20.2% in the second quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 272 shares during the period. Finally, Acrospire Investment Management LLC increased its stake in shares of Citigroup by 21.4% during the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 300 shares during the period. Institutional investors own 78.59% of the company’s stock.

A number of brokerages have recently issued reports on C. Vetr upgraded shares of Citigroup from a “hold” rating to a “buy” rating and set a $80.92 price target on the stock in a research note on Monday, December 4th. Nomura boosted their price target on shares of Citigroup to $84.00 and gave the stock a “buy” rating in a research note on Monday. Credit Suisse Group reiterated a “buy” rating and set a $83.00 price target (up from $73.00) on shares of Citigroup in a research note on Monday, October 9th. They noted that the move was a valuation call. BMO Capital Markets reiterated a “hold” rating and set a $65.00 price target on shares of Citigroup in a research note on Friday, October 6th. Finally, J P Morgan Chase & Co reiterated an “overweight” rating and set a $78.50 price target (up from $77.50) on shares of Citigroup in a research note on Friday, October 6th. One analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Citigroup currently has a consensus rating of “Buy” and an average price target of $75.97.

Citigroup Inc. (C) traded up $0.01 during mid-day trading on Monday, reaching $75.72. 1,747,332 shares of the company were exchanged, compared to its average volume of 16,881,119. The stock has a market capitalization of $200,180.00, a P/E ratio of 14.59, a P/E/G ratio of 1.48 and a beta of 1.55. Citigroup Inc. has a 52-week low of $55.23 and a 52-week high of $77.92. 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 (NYSE:C) last released its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.10. The firm had revenue of $18.17 billion for 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 revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.24 earnings per share. analysts predict that Citigroup Inc. will post 5.31 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Monday, November 6th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend was Friday, November 3rd. Citigroup’s dividend payout ratio is currently 24.66%.

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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.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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