AMG National Trust Bank raised its position in shares of Citigroup Inc. (NYSE:C) by 11.7% during the third quarter, according to its most recent filing with the SEC. The fund owned 79,714 shares of the financial services provider’s stock after buying an additional 8,373 shares during the period. AMG National Trust Bank’s holdings in Citigroup were worth $3,764,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of C. Emerald Acquisition Ltd. purchased a new position in shares of Citigroup during the second quarter worth $500,315,000. Vanguard Group Inc. raised its position in shares of Citigroup by 3.5% in the second quarter. Vanguard Group Inc. now owns 175,049,494 shares of the financial services provider’s stock worth $7,420,348,000 after buying an additional 5,872,249 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Citigroup by 38.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 17,929,535 shares of the financial services provider’s stock worth $760,033,000 after buying an additional 4,966,503 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in shares of Citigroup by 39.8% in the second quarter. TIAA CREF Investment Management LLC now owns 15,857,100 shares of the financial services provider’s stock worth $672,182,000 after buying an additional 4,510,455 shares during the last quarter. Finally, FMR LLC raised its position in shares of Citigroup by 3.7% in the second quarter. FMR LLC now owns 92,973,398 shares of the financial services provider’s stock worth $3,941,143,000 after buying an additional 3,339,340 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Citigroup (NYSE:C)

Shares of Citigroup Inc. (NYSE:C) traded up 0.09% on Tuesday, hitting $55.52. 15,724,233 shares of the company’s stock were exchanged. Citigroup Inc. has a 12-month low of $34.52 and a 12-month high of $56.83. The stock has a market cap of $158.22 billion, a price-to-earnings ratio of 12.07 and a beta of 1.74. The company’s 50-day moving average price is $51.32 and its 200 day moving average price is $46.71.

Citigroup (NYSE:C) last announced its quarterly earnings data on Friday, October 14th. The financial services provider reported $1.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.08. Citigroup had a net margin of 17.58% and a return on equity of 7.04%. The business had revenue of $17.80 billion for the quarter, compared to analyst estimates of $17.32 billion. During the same period last year, the business earned $1.31 EPS. The company’s revenue was down 4.8% on a year-over-year basis. On average, equities analysts predict that Citigroup Inc. will post $4.70 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 23rd. Investors of record on Monday, November 7th were paid a dividend of $0.16 per share. The ex-dividend date was Thursday, November 3rd. This represents a $0.64 annualized dividend and a yield of 1.15%. Citigroup’s dividend payout ratio is currently 13.91%.

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C has been the subject of several recent research reports. Vetr lowered Citigroup from a “sell” rating to a “strong sell” rating and set a $48.79 price target for the company. in a research report on Monday, November 21st. Jefferies Group boosted their target price on Citigroup from $54.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, October 10th. boosted their target price on Citigroup from $61.00 to $63.00 and gave the company a “buy” rating in a research report on Friday, September 23rd. Nomura dropped their target price on Citigroup from $57.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, September 7th. Finally, Goldman Sachs Group Inc. lowered Citigroup from a “buy” rating to a “neutral” rating and dropped their target price for the company from $52.00 to $50.00 in a research report on Friday, September 16th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and sixteen have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $54.75.

About Citigroup

Citigroup Inc (Citi) is a financial services holding company. The Company’s 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.

5 Day Chart for NYSE:C

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