Prudential PLC increased its holdings in Citigroup Inc. (NYSE:C) by 22.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,707,283 shares of the financial services provider’s stock after buying an additional 860,564 shares during the period. Citigroup comprises approximately 1.0% of Prudential PLC’s investment portfolio, making the stock its 15th biggest holding. Prudential PLC owned about 0.17% of Citigroup worth $314,823,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of C. BlackRock Inc. grew its holdings in Citigroup by 2,718.7% in the first quarter. BlackRock Inc. now owns 196,415,461 shares of the financial services provider’s stock worth $11,749,573,000 after purchasing an additional 189,447,104 shares during the last quarter. FMR LLC grew its holdings in Citigroup by 18.2% in the first quarter. FMR LLC now owns 105,742,815 shares of the financial services provider’s stock worth $6,325,535,000 after purchasing an additional 16,257,931 shares during the last quarter. Lazard Asset Management LLC grew its holdings in Citigroup by 109.5% in the second quarter. Lazard Asset Management LLC now owns 9,292,727 shares of the financial services provider’s stock worth $621,497,000 after purchasing an additional 4,856,866 shares during the last quarter. Pioneer Investment Management Inc. grew its holdings in Citigroup by 2,317.8% in the second quarter. Pioneer Investment Management Inc. now owns 5,002,029 shares of the financial services provider’s stock worth $334,536,000 after purchasing an additional 4,795,145 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in Citigroup by 2.5% in the first quarter. Vanguard Group Inc. now owns 183,198,941 shares of the financial services provider’s stock worth $10,958,960,000 after purchasing an additional 4,391,347 shares during the last quarter. 77.98% of the stock is owned by institutional investors.

Shares of Citigroup Inc. (NYSE C) opened at $72.02 on Friday. Citigroup Inc. has a 1-year low of $55.23 and a 1-year high of $76.14. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market cap of $191,055.59, a price-to-earnings ratio of 13.92, a price-to-earnings-growth ratio of 1.41 and a beta of 1.57.

Citigroup (NYSE:C) last posted its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.42 EPS for the quarter, beating the consensus estimate of $1.32 by $0.10. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The company had revenue of $18.17 billion for the quarter, compared to analyst estimates of $17.87 billion. During the same period in the prior year, the company earned $1.24 earnings per share. The firm’s revenue was up 2.3% on a year-over-year basis. equities research analysts anticipate that Citigroup Inc. will post 5.31 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Monday, November 6th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend was Friday, November 3rd. Citigroup’s payout ratio is 24.66%.

A number of equities research analysts have recently weighed in on the stock. Atlantic Securities reissued an “overweight” rating and set a $85.00 price objective (up from $75.00) on shares of Citigroup in a report on Tuesday, September 26th. Bank of America Corporation reissued a “neutral” rating on shares of Citigroup in a report on Wednesday, October 11th. Vetr raised shares of Citigroup from a “buy” rating to a “strong-buy” rating and set a $76.34 price objective on the stock in a report on Thursday, August 3rd. BMO Capital Markets reissued a “hold” rating and set a $65.00 price objective on shares of Citigroup in a report on Friday, October 6th. Finally, Raymond James Financial, Inc. assumed coverage on shares of Citigroup in a report on Tuesday, October 31st. They set a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. Citigroup currently has an average rating of “Buy” and a consensus price target of $75.61.

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Citigroup Company 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.

Institutional Ownership by Quarter for Citigroup (NYSE:C)

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