Citigroup Inc (C) Stake Lowered by Keel Point LLC

Keel Point LLC lessened its stake in Citigroup Inc (NYSE:C) by 10.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,732 shares of the financial services provider’s stock after selling 1,533 shares during the quarter. Keel Point LLC’s holdings in Citigroup were worth $913,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital Investment Advisors LLC raised its stake in Citigroup by 1.2% in the 3rd quarter. Capital Investment Advisors LLC now owns 77,287 shares of the financial services provider’s stock valued at $5,545,000 after acquiring an additional 939 shares during the period. LSV Asset Management raised its stake in Citigroup by 2.7% in the 2nd quarter. LSV Asset Management now owns 13,634,855 shares of the financial services provider’s stock valued at $912,444,000 after acquiring an additional 352,801 shares during the period. CapWealth Advisors LLC raised its stake in Citigroup by 4.6% in the 2nd quarter. CapWealth Advisors LLC now owns 294,351 shares of the financial services provider’s stock valued at $19,698,000 after acquiring an additional 12,868 shares during the period. Senvest Management LLC bought a new stake in Citigroup in the 2nd quarter valued at $4,618,000. Finally, MUFG Americas Holdings Corp raised its stake in Citigroup by 1.3% in the 2nd quarter. MUFG Americas Holdings Corp now owns 292,588 shares of the financial services provider’s stock valued at $19,580,000 after acquiring an additional 3,681 shares during the period. 74.88% of the stock is owned by institutional investors.

Shares of NYSE C opened at $64.78 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.32. Citigroup Inc has a 52 week low of $63.18 and a 52 week high of $80.70. The firm has a market capitalization of $165.02 billion, a P/E ratio of 12.15, a P/E/G ratio of 0.84 and a beta of 1.47.

Citigroup (NYSE:C) last issued its quarterly earnings results on Friday, October 12th. The financial services provider reported $1.73 EPS for the quarter, topping the Zacks’ consensus estimate of $1.66 by $0.07. Citigroup had a positive return on equity of 9.42% and a negative net margin of 4.81%. The company had revenue of $18.39 billion for the quarter, compared to analysts’ expectations of $18.43 billion. During the same quarter last year, the business earned $1.42 earnings per share. As a group, equities analysts anticipate that Citigroup Inc will post 6.69 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 21st. Investors of record on Monday, November 5th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date is Friday, November 2nd. Citigroup’s payout ratio is currently 33.77%.

Several research analysts have weighed in on the company. TheStreet upgraded Citigroup from a “c” rating to a “b-” rating in a research report on Monday, July 30th. Vining Sparks reiterated a “buy” rating and set a $77.00 price objective on shares of Citigroup in a research report on Tuesday, October 9th. Deutsche Bank increased their price objective on Citigroup from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, September 27th. Wells Fargo & Co set a $100.00 price objective on Citigroup and gave the stock a “buy” rating in a research report on Monday, August 27th. Finally, Zacks Investment Research upgraded Citigroup from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a research report on Tuesday, October 16th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and fifteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $82.91.

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Citigroup Profile

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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