Citigroup Inc. (C) Shares Bought by Boston Advisors LLC

Boston Advisors LLC boosted its holdings in Citigroup Inc. (NYSE:C) by 21.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 533,331 shares of the financial services provider’s stock after buying an additional 95,774 shares during the quarter. Citigroup makes up 0.9% of Boston Advisors LLC’s holdings, making the stock its 17th biggest holding. Boston Advisors LLC’s holdings in Citigroup were worth $38,795,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in C. BlackRock Inc. raised its position in shares of Citigroup by 2,718.7% during the first quarter. BlackRock Inc. now owns 196,415,461 shares of the financial services provider’s stock worth $11,749,573,000 after acquiring an additional 189,447,104 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Citigroup by 2.5% during 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 acquiring an additional 4,391,347 shares during the last quarter. FMR LLC raised its position in shares of Citigroup by 3.8% during the second quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock worth $7,343,721,000 after acquiring an additional 4,061,637 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Citigroup by 6.8% during the second quarter. Bank of New York Mellon Corp now owns 46,110,561 shares of the financial services provider’s stock worth $3,083,874,000 after acquiring an additional 2,943,282 shares during the last quarter. Finally, Harris Associates L P raised its position in shares of Citigroup by 0.5% during the second quarter. Harris Associates L P now owns 41,350,951 shares of the financial services provider’s stock worth $2,765,551,000 after acquiring an additional 221,171 shares during the last quarter. 78.59% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Inc. (NYSE C) opened at $75.85 on Tuesday. 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 Inc. has a 1 year low of $55.23 and a 1 year high of $77.92. The firm has a market capitalization of $200,177.39, a price-to-earnings ratio of 14.59, a price-to-earnings-growth ratio of 1.48 and a beta of 1.55.

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

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

A number of equities research analysts have weighed in on C shares. Bank of America reiterated a “neutral” rating on shares of Citigroup in a report on Wednesday, October 11th. Wells Fargo & Company reiterated a “buy” rating on shares of Citigroup in a report on Monday, October 2nd. Atlantic Securities reiterated an “overweight” rating and issued a $85.00 target price (up from $75.00) on shares of Citigroup in a report on Tuesday, September 26th. BMO Capital Markets lifted their target price on Citigroup from $65.00 to $67.00 and gave the stock a “market perform” rating in a report on Friday, October 13th. Finally, Credit Suisse Group reiterated a “buy” rating and issued a $73.00 target price on shares of Citigroup in a report on Wednesday, September 13th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $75.97.

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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.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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