Dreman Value Management L L C Continues to Hold Holdings in Citigroup Inc. (C)

Dreman Value Management L L C maintained its position in Citigroup Inc. (NYSE:C) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,399 shares of the financial services provider’s stock at the close of the second quarter. Citigroup accounts for 1.3% of Dreman Value Management L L C’s holdings, making the stock its 11th largest holding. Dreman Value Management L L C’s holdings in Citigroup were worth $2,237,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of C. BlackRock Inc. boosted its position in Citigroup by 2,718.7% in the 1st quarter. BlackRock Inc. now owns 196,415,461 shares of the financial services provider’s stock valued at $11,749,573,000 after buying an additional 189,447,104 shares during the period. Vanguard Group Inc. boosted its position in Citigroup by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 183,198,941 shares of the financial services provider’s stock valued at $10,958,960,000 after buying an additional 4,391,347 shares during the period. FMR LLC boosted its position in Citigroup by 3.8% in the 2nd quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock valued at $7,343,721,000 after buying an additional 4,061,637 shares during the period. Bank of New York Mellon Corp boosted its position in Citigroup by 6.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 46,110,561 shares of the financial services provider’s stock valued at $3,083,874,000 after buying an additional 2,943,282 shares during the period. Finally, Harris Associates L P boosted its position in Citigroup by 0.5% in the 2nd quarter. Harris Associates L P now owns 41,350,951 shares of the financial services provider’s stock valued at $2,765,551,000 after buying an additional 221,171 shares during the period. 78.58% of the stock is owned by hedge funds and other institutional investors.

Shares of Citigroup Inc. (NYSE C) opened at $75.51 on Friday. Citigroup Inc. has a fifty-two week low of $55.23 and a fifty-two week high of $76.89. The firm has a market cap of $199,648.59, a price-to-earnings ratio of 14.55, a PEG ratio of 1.48 and a beta of 1.55. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.01 and a quick ratio of 1.01.

Citigroup (NYSE:C) last announced its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $18.17 billion for the quarter, compared to analyst estimates of $17.87 billion. During the same period last year, the business earned $1.24 EPS. The company’s revenue was up 2.3% on a year-over-year basis. sell-side analysts anticipate that Citigroup Inc. will post 5.31 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Monday, November 6th were issued a $0.32 dividend. The ex-dividend date was Friday, November 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.70%. Citigroup’s payout ratio is 24.66%.

Several brokerages have commented on C. Royal Bank Of Canada reissued a “buy” rating and issued a $75.00 price target on shares of Citigroup in a research report on Wednesday, September 27th. set a $74.00 price target on shares of Citigroup and gave the company a “hold” rating in a research report on Friday, August 11th. Societe Generale raised shares of Citigroup from a “sell” rating to a “hold” rating and raised their price target for the company from $63.00 to $70.00 in a research report on Monday, September 11th. ValuEngine raised shares of Citigroup from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Finally, Keefe, Bruyette & Woods set a $75.00 price target on shares of Citigroup and gave the company a “buy” rating in a research report on Sunday, August 13th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $75.61.

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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.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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