Lansdowne Partners UK LLP raised its position in Citigroup Inc. (NYSE:C) by 9.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,621,110 shares of the financial services provider’s stock after buying an additional 574,304 shares during the period. Citigroup comprises about 3.4% of Lansdowne Partners UK LLP’s holdings, making the stock its 10th largest position. Lansdowne Partners UK LLP owned 0.24% of Citigroup worth $396,075,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Endurance Wealth Management Inc. increased its stake in Citigroup by 0.3% in the first quarter. Endurance Wealth Management Inc. now owns 9,837 shares of the financial services provider’s stock worth $588,000 after buying an additional 25 shares during the period. Clear Harbor Asset Management LLC increased its stake in Citigroup by 0.8% in the first quarter. Clear Harbor Asset Management LLC now owns 4,991 shares of the financial services provider’s stock worth $299,000 after buying an additional 38 shares during the period. Arrow Financial Corp increased its stake in Citigroup by 4.7% in the first quarter. Arrow Financial Corp now owns 1,896 shares of the financial services provider’s stock worth $113,000 after buying an additional 85 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake in Citigroup by 2.1% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 4,425 shares of the financial services provider’s stock worth $265,000 after buying an additional 93 shares during the period. Finally, Wellington Shields & Co. LLC increased its stake in Citigroup by 1.3% in the first quarter. Wellington Shields & Co. LLC now owns 7,940 shares of the financial services provider’s stock worth $475,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 75.39% of the company’s stock.

Citigroup Inc. (NYSE:C) traded down 0.18% on Thursday, reaching $67.89. 4,103,702 shares of the company traded hands. The company has a market capitalization of $184.97 billion, a PE ratio of 13.59 and a beta of 1.48. Citigroup Inc. has a 52-week low of $45.16 and a 52-week high of $69.86. The stock has a 50-day moving average of $67.51 and a 200 day moving average of $62.64.

Citigroup (NYSE:C) last issued its quarterly earnings results on Friday, July 14th. The financial services provider reported $1.28 EPS for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.07. The firm had revenue of $17.90 billion for the quarter, compared to analyst estimates of $17.38 billion. Citigroup had a net margin of 18.11% and a return on equity of 7.32%. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.24 EPS. On average, equities analysts forecast that Citigroup Inc. will post $5.22 EPS for the current year.

Citigroup announced that its Board of Directors has initiated a share buyback plan on Wednesday, June 28th that allows the company to repurchase $15.60 billion in shares. This repurchase authorization allows the financial services provider to reacquire up to 8.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

The business also recently declared a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Monday, August 7th were issued a $0.32 dividend. This is a positive change from Citigroup’s previous quarterly dividend of $0.16. The ex-dividend date was Thursday, August 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.88%. Citigroup’s dividend payout ratio is presently 25.55%.

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A number of equities research analysts recently weighed in on the company. UBS AG raised Citigroup from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $58.00 to $64.00 in a research report on Friday, June 9th. Vetr downgraded Citigroup from a “strong-buy” rating to a “buy” rating and set a $73.42 target price on the stock. in a research report on Monday, July 3rd. Keefe, Bruyette & Woods set a $69.00 target price on Citigroup and gave the stock a “buy” rating in a research report on Thursday, June 8th. Bank of America Corporation reissued a “buy” rating and set a $68.00 target price (up from $64.00) on shares of Citigroup in a research report on Tuesday, June 13th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $68.00 target price on shares of Citigroup in a research report on Friday, May 5th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $69.08.

In other news, insider Jeffrey R. Walsh sold 5,000 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $68.97, for a total value of $344,850.00. Following the completion of the sale, the insider now owns 56,394 shares of the company’s stock, valued at approximately $3,889,494.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Francisco Aristeguieta sold 40,000 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $67.55, for a total transaction of $2,702,000.00. Following the completion of the sale, the chief executive officer now directly owns 77,570 shares of the company’s stock, valued at approximately $5,239,853.50. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

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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