Everence Capital Management Inc. grew its holdings in shares of Citigroup Inc. (NYSE:C) by 4.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,336 shares of the financial services provider’s stock after acquiring an additional 2,470 shares during the period. Citigroup comprises approximately 1.0% of Everence Capital Management Inc.’s holdings, making the stock its 19th largest position. Everence Capital Management Inc.’s holdings in Citigroup were worth $4,243,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Investors Asset Management of Georgia Inc. GA ADV boosted its holdings in Citigroup by 0.8% in the 2nd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 5,359 shares of the financial services provider’s stock worth $358,000 after buying an additional 40 shares during the period. Leisure Capital Management boosted its holdings in Citigroup by 1.6% in the 2nd quarter. Leisure Capital Management now owns 3,763 shares of the financial services provider’s stock worth $252,000 after buying an additional 59 shares during the period. Regal Investment Advisors LLC boosted its holdings in Citigroup by 2.0% in the 1st quarter. Regal Investment Advisors LLC now owns 3,800 shares of the financial services provider’s stock worth $227,000 after buying an additional 74 shares during the period. Halbert Hargrove Russell LLC boosted its holdings in Citigroup by 1.6% in the 2nd quarter. Halbert Hargrove Russell LLC now owns 4,736 shares of the financial services provider’s stock worth $317,000 after buying an additional 74 shares during the period. Finally, Usca Ria LLC boosted its holdings in Citigroup by 0.3% in the 2nd quarter. Usca Ria LLC now owns 34,375 shares of the financial services provider’s stock worth $2,299,000 after buying an additional 90 shares during the period. 78.47% of the stock is owned by hedge funds and other institutional investors.

Shares of Citigroup Inc. (NYSE:C) opened at $75.67 on Tuesday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.11. The stock has a market cap of $197,692.02, a PE ratio of 14.41, a PEG ratio of 1.47 and a beta of 1.55. Citigroup Inc. has a 1 year low of $55.23 and a 1 year 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, beating the consensus estimate of $1.32 by $0.10. The firm had revenue of $18.17 billion for the quarter, compared to analysts’ expectations of $17.87 billion. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The business’s revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.24 EPS. sell-side analysts anticipate that Citigroup Inc. will post 5.3 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Monday, November 6th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.69%. The ex-dividend date was Friday, November 3rd. Citigroup’s dividend payout ratio is 24.66%.

Several research analysts recently weighed in on the stock. Wells Fargo & Company reaffirmed a “buy” rating on shares of Citigroup in a report on Monday, October 2nd. Credit Suisse Group reaffirmed a “buy” rating and issued a $83.00 target price on shares of Citigroup in a report on Tuesday, December 12th. Raymond James Financial reiterated an “underperform” rating on shares of Citigroup in a research note on Wednesday, September 27th. 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, December 11th. Finally, Deutsche Bank reiterated a “hold” rating and issued a $67.00 price target (up previously from $61.00) on shares of Citigroup in a research note on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. Citigroup presently has a consensus rating of “Buy” and a consensus target price of $76.54.

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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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