Lehman Financial Resources Inc. increased its stake in Citigroup Inc. (NYSE:C) by 6.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,810 shares of the financial services provider’s stock after acquiring an additional 300 shares during the period. Lehman Financial Resources Inc.’s holdings in Citigroup were worth $322,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vantage Financial Partners Ltd. Inc. purchased a new position in Citigroup in the second quarter worth about $1,034,000. Catamount Wealth Management purchased a new position in Citigroup in the second quarter worth about $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its position in Citigroup by 206.0% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock worth $102,000 after acquiring an additional 1,030 shares in the last quarter. Dubuque Bank & Trust Co. grew its position in Citigroup by 60.8% in the second quarter. Dubuque Bank & Trust Co. now owns 1,584 shares of the financial services provider’s stock worth $106,000 after acquiring an additional 599 shares in the last quarter. Finally, Acrospire Investment Management LLC grew its position in Citigroup by 21.4% in the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 300 shares in the last quarter. Institutional investors own 78.15% of the company’s stock.

Citigroup Inc. (C) opened at $71.73 on Thursday. The stock has a market capitalization of $189,125.45, a price-to-earnings ratio of 13.78, a PEG ratio of 1.40 and a beta of 1.57. 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 Inc. has a 12-month low of $54.21 and a 12-month high of $76.14.

Citigroup (NYSE:C) last issued its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.10. The business had revenue of $18.17 billion for the quarter, compared to the consensus estimate of $17.87 billion. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.24 earnings per share. equities research analysts anticipate that Citigroup Inc. will post 5.31 EPS for the current year.

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

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Several research analysts have issued reports on the company. Keefe, Bruyette & Woods set a $75.00 target price on Citigroup and gave the company a “buy” rating in a research report on Sunday, August 13th. Wells Fargo & Company restated a “buy” rating on shares of Citigroup in a research report on Monday, October 2nd. Raymond James Financial, Inc. restated an “underperform” rating on shares of Citigroup in a research report on Wednesday, September 27th. Deutsche Bank AG restated a “hold” rating and set a $67.00 target price (up previously from $61.00) on shares of Citigroup in a research report on Tuesday, September 26th. Finally, Atlantic Securities restated an “overweight” rating and set a $85.00 target price (up previously from $75.00) on shares of Citigroup in a research report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. Citigroup has an average rating of “Buy” and an average target price of $74.77.

Citigroup Profile

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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