Gluskin Sheff & Assoc Inc. boosted its holdings in Citigroup Inc. (NYSE:C) by 0.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,858 shares of the financial services provider’s stock after purchasing an additional 9 shares during the quarter. Gluskin Sheff & Assoc Inc.’s holdings in Citigroup were worth $1,128,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in C. Pacer Advisors Inc. raised its position in Citigroup by 2.6% during the 1st quarter. Pacer Advisors Inc. now owns 64,042 shares of the financial services provider’s stock worth $3,831,000 after buying an additional 1,611 shares during the last quarter. Nordea Investment Management AB raised its position in Citigroup by 2.8% during the 1st quarter. Nordea Investment Management AB now owns 4,593,786 shares of the financial services provider’s stock worth $274,800,000 after buying an additional 126,366 shares during the last quarter. Buckingham Capital Management Inc. raised its position in Citigroup by 4.8% during the 1st quarter. Buckingham Capital Management Inc. now owns 17,442 shares of the financial services provider’s stock worth $1,043,000 after buying an additional 798 shares during the last quarter. Bank Hapoalim BM raised its position in Citigroup by 9.8% during the 1st quarter. Bank Hapoalim BM now owns 50,366 shares of the financial services provider’s stock worth $3,013,000 after buying an additional 4,505 shares during the last quarter. Finally, Private Advisor Group LLC raised its position in Citigroup by 38.8% during the 1st quarter. Private Advisor Group LLC now owns 73,965 shares of the financial services provider’s stock worth $3,513,000 after buying an additional 20,688 shares during the last quarter. Hedge funds and other institutional investors own 78.15% of the company’s stock.

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A number of equities analysts have recently weighed in on the stock. HSBC Holdings plc set a $74.00 price target on shares of Citigroup and gave the stock a “hold” rating in a research note on Friday, August 11th. Societe Generale raised shares of Citigroup from a “sell” rating to a “hold” rating and upped their price target for the stock from $63.00 to $70.00 in a research note on Monday, September 11th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $75.00 price target on shares of Citigroup in a research note on Wednesday, September 27th. Credit Suisse Group reaffirmed an “outperform” rating and set a $76.00 price target (up from $70.00) on shares of Citigroup in a research note on Wednesday, July 26th. Finally, Nomura upped their price target on shares of Citigroup from $74.00 to $78.00 and gave the stock a “buy” rating in a research note on Monday, July 17th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. Citigroup presently has a consensus rating of “Buy” and a consensus price target of $74.77.

Citigroup Inc. (NYSE:C) opened at $71.99 on Tuesday. The firm has a market cap of $191,029.14, a PE ratio of 13.92, a PEG ratio of 1.42 and a beta of 1.57. Citigroup Inc. has a 1-year low of $53.00 and a 1-year high of $76.14. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.11.

Citigroup (NYSE:C) last announced 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. The business had revenue of $18.17 billion for the quarter, compared to analyst estimates of $17.87 billion. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The company’s revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.24 EPS. research analysts anticipate that Citigroup Inc. will post 5.29 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Monday, November 6th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $1.28 annualized dividend and a dividend yield of 1.78%. Citigroup’s payout ratio is currently 24.66%.

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.

Institutional Ownership by Quarter for Citigroup (NYSE:C)

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