Hoertkorn Richard Charles reduced its holdings in Citigroup Inc (NYSE:C) by 1.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 83,570 shares of the financial services provider’s stock after selling 1,057 shares during the quarter. Citigroup makes up 3.7% of Hoertkorn Richard Charles’ portfolio, making the stock its 11th biggest position. Hoertkorn Richard Charles’ holdings in Citigroup were worth $6,218,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of C. Capital Analysts LLC lifted its position in Citigroup by 5.4% in the 2nd quarter. Capital Analysts LLC now owns 45,844 shares of the financial services provider’s stock valued at $3,066,000 after purchasing an additional 2,367 shares during the last quarter. Principal Financial Group Inc. lifted its position in Citigroup by 5.2% in the 2nd quarter. Principal Financial Group Inc. now owns 4,152,299 shares of the financial services provider’s stock valued at $277,705,000 after purchasing an additional 205,298 shares during the last quarter. Bank of Hawaii lifted its position in Citigroup by 52.2% in the 2nd quarter. Bank of Hawaii now owns 6,536 shares of the financial services provider’s stock valued at $437,000 after purchasing an additional 2,242 shares during the last quarter. Norinchukin Bank The lifted its position in Citigroup by 41.0% in the 2nd quarter. Norinchukin Bank The now owns 137,279 shares of the financial services provider’s stock valued at $9,181,000 after purchasing an additional 39,898 shares during the last quarter. Finally, Advisors Capital Management LLC lifted its position in Citigroup by 2.8% in the 3rd quarter. Advisors Capital Management LLC now owns 186,424 shares of the financial services provider’s stock valued at $13,560,000 after purchasing an additional 5,125 shares during the last quarter. Institutional investors own 80.71% of the company’s stock.

Several analysts recently weighed in on the stock. Vetr downgraded shares of Citigroup from a “sell” rating to a “strong sell” rating and set a $70.80 price objective on the stock. in a research report on Monday, January 29th. Morgan Stanley lifted their price objective on shares of Citigroup from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded shares of Citigroup from a “hold” rating to a “buy” rating and set a $89.00 price objective on the stock in a research report on Friday, February 2nd. Jefferies Group reiterated a “hold” rating and issued a $83.00 price objective on shares of Citigroup in a research report on Tuesday, January 16th. Finally, Keefe, Bruyette & Woods downgraded shares of Citigroup from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $90.00 to $82.00 in a research report on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $79.65.

Shares of Citigroup Inc (NYSE:C) opened at $75.18 on Wednesday. Citigroup Inc has a 52-week low of $56.55 and a 52-week high of $80.70. The company has a market cap of $192,133.19, a PE ratio of -24.25, a price-to-earnings-growth ratio of 1.09 and a beta of 1.54. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.01 and a current ratio of 1.01.

Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $17.23 billion. During the same period in the previous year, the firm earned $1.14 EPS. Citigroup’s revenue was up 1.4% on a year-over-year basis. sell-side analysts anticipate that Citigroup Inc will post 6.4 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Monday, February 5th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $1.28 annualized dividend and a dividend yield of 1.70%. Citigroup’s dividend payout ratio is currently -41.29%.

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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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