OppenheimerFunds Inc. Has $783.57 Million Holdings in Citigroup Inc (C)

OppenheimerFunds Inc. lowered its stake in Citigroup Inc (NYSE:C) by 2.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,922,394 shares of the financial services provider’s stock after selling 291,463 shares during the quarter. Citigroup makes up 0.9% of OppenheimerFunds Inc.’s investment portfolio, making the stock its 12th largest position. OppenheimerFunds Inc. owned about 0.42% of Citigroup worth $783,573,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of C. IMA Wealth Inc. bought a new stake in shares of Citigroup during the 2nd quarter valued at about $129,000. Arlington Partners LLC bought a new stake in shares of Citigroup during the 3rd quarter valued at about $143,000. Almanack Investment Partners LLC. bought a new stake in shares of Citigroup during the 3rd quarter valued at about $150,000. Peoples Financial Services CORP. boosted its position in shares of Citigroup by 82.8% during the 3rd quarter. Peoples Financial Services CORP. now owns 2,208 shares of the financial services provider’s stock valued at $159,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Livingston Group Asset Management CO operating as Southport Capital Management bought a new stake in shares of Citigroup during the 3rd quarter valued at about $166,000. Institutional investors and hedge funds own 72.79% of the company’s stock.

Shares of Citigroup stock opened at $63.67 on Tuesday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $166.51 billion, a price-to-earnings ratio of 11.94, a P/E/G ratio of 0.85 and a beta of 1.45. Citigroup Inc has a one year low of $61.72 and a one year high of $80.70.

Citigroup (NYSE:C) last announced 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. The business had revenue of $18.39 billion for the quarter, compared to analysts’ expectations of $18.43 billion. Citigroup had a positive return on equity of 9.42% and a negative net margin of 4.81%. During the same period in the previous year, the firm earned $1.42 EPS. As a group, equities analysts expect that Citigroup Inc will post 6.69 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 21st. Shareholders of record on Monday, November 5th were paid a $0.45 dividend. The ex-dividend date was Friday, November 2nd. This represents a $1.80 dividend on an annualized basis and a yield of 2.83%. Citigroup’s dividend payout ratio (DPR) is currently 33.77%.

A number of equities analysts recently weighed in on the company. Zacks Investment Research raised Citigroup from a “hold” rating to a “buy” rating and set a $73.00 price objective on the stock in a report on Thursday, November 29th. BMO Capital Markets raised their price objective on Citigroup to $92.00 and gave the company a “market perform” rating in a report on Monday, October 15th. Vining Sparks reissued a “buy” rating and set a $77.00 price objective on shares of Citigroup in a report on Tuesday, October 9th. ValuEngine cut Citigroup from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Finally, Deutsche Bank raised their price objective on Citigroup from $76.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, September 27th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $82.66.

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About Citigroup

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.

See Also: Are all No-Load Funds Equal?

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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