Academy Capital Management Inc. TX reduced its holdings in shares of Citigroup Inc. (NYSE:C) by 0.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 547,088 shares of the financial services provider’s stock after selling 3,088 shares during the quarter. Citigroup accounts for about 11.2% of Academy Capital Management Inc. TX’s holdings, making the stock its biggest position. Academy Capital Management Inc. TX’s holdings in Citigroup were worth $39,795,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of C. Vantage Financial Partners Ltd. Inc. purchased a new position in Citigroup during the second quarter worth about $1,034,000. Catamount Wealth Management bought a new stake in Citigroup in the second quarter worth about $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised 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 during the period. Balentine LLC raised its position in Citigroup by 20.2% in the second quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after acquiring an additional 272 shares during the period. Finally, Acrospire Investment Management LLC raised 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 during the period. Hedge funds and other institutional investors own 78.59% of the company’s stock.

Shares of Citigroup Inc. (C) opened at $75.44 on Thursday. 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 $55.23 and a 12-month high of $77.92. The firm has a market cap of $202,371.91, a price-to-earnings ratio of 14.75, a price-to-earnings-growth ratio of 1.50 and a beta of 1.55.

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 the Thomson Reuters’ consensus estimate of $1.32 by $0.10. The company had revenue of $18.17 billion during 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%. Citigroup’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the business earned $1.24 EPS. equities research analysts expect that Citigroup Inc. will post 5.31 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Monday, November 6th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date was Friday, November 3rd. Citigroup’s payout ratio is presently 24.66%.

C has been the topic of several research reports. Atlantic Securities reaffirmed an “overweight” rating and issued a $85.00 price objective (up previously from $75.00) on shares of Citigroup in a research report on Tuesday, September 26th. Bank of America reaffirmed a “neutral” rating on shares of Citigroup in a research report on Wednesday, October 11th. Raymond James Financial initiated coverage on shares of Citigroup in a research report on Tuesday, October 31st. They issued a “hold” rating on the stock. Vetr lowered shares of Citigroup from a “buy” rating to a “hold” rating and set a $76.38 price objective on the stock. in a research report on Wednesday, November 29th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $65.00 price objective on shares of Citigroup in a research report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $75.83.

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Citigroup Company 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.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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