Sheaff Brock Investment Advisors LLC lessened its stake in shares of Citigroup Inc (NYSE:C) by 23.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 72,888 shares of the financial services provider’s stock after selling 22,382 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Citigroup were worth $5,302,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. State of Alaska Department of Revenue boosted its position in Citigroup by 16.7% during the second quarter. State of Alaska Department of Revenue now owns 11,588 shares of the financial services provider’s stock worth $774,000 after purchasing an additional 1,660 shares during the period. National Pension Service boosted its position in Citigroup by 9.5% during the second quarter. National Pension Service now owns 2,107,537 shares of the financial services provider’s stock worth $141,163,000 after purchasing an additional 182,199 shares during the period. Hoertkorn Richard Charles boosted its position in Citigroup by 7.8% during the second quarter. Hoertkorn Richard Charles now owns 83,502 shares of the financial services provider’s stock worth $5,585,000 after purchasing an additional 6,057 shares during the period. Moon Capital Management LLC boosted its position in Citigroup by 0.3% during the second quarter. Moon Capital Management LLC now owns 69,113 shares of the financial services provider’s stock worth $4,622,000 after purchasing an additional 175 shares during the period. Finally, Chevy Chase Trust Holdings Inc. boosted its position in Citigroup by 1.4% during the second quarter. Chevy Chase Trust Holdings Inc. now owns 3,438,264 shares of the financial services provider’s stock worth $229,951,000 after purchasing an additional 48,241 shares during the period. Institutional investors and hedge funds own 78.53% of the company’s stock.

Citigroup Inc (C) opened at $78.30 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.01 and a quick ratio of 1.01. Citigroup Inc has a 1 year low of $55.23 and a 1 year high of $78.44. The company has a market cap of $201,231.02, a P/E ratio of 14.69, a PEG ratio of 1.49 and a beta of 1.56.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.09. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.60%. The company had revenue of $17.26 billion during the quarter, compared to analyst estimates of $17.23 billion. During the same period last year, the business earned $1.14 earnings per share. Citigroup’s revenue was up 1.4% compared to the same quarter last year. analysts predict 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. Stockholders of record on Monday, February 5th will be given a $0.32 dividend. The ex-dividend date is Friday, February 2nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.63%. Citigroup’s dividend payout ratio (DPR) is currently -41.29%.

A number of equities analysts have weighed in on the stock. Royal Bank of Canada reiterated a “buy” rating and set a $75.00 target price on shares of Citigroup in a research report on Wednesday, September 27th. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Citigroup in a research report on Wednesday. JPMorgan Chase & Co. set a $80.00 target price on shares of Citigroup and gave the stock a “buy” rating in a research report on Wednesday. Deutsche Bank set a $74.00 target price on shares of Citigroup and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Nomura set a $87.00 target price on shares of Citigroup and gave the stock a “buy” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $79.30.

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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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