Narwhal Capital Management lifted its stake in shares of Citigroup Inc. (NYSE:C) by 4.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 116,940 shares of the financial services provider’s stock after buying an additional 5,275 shares during the quarter. Citigroup makes up approximately 2.1% of Narwhal Capital Management’s portfolio, making the stock its 6th biggest position. Narwhal Capital Management’s holdings in Citigroup were worth $8,506,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Capital Analysts LLC boosted its holdings in Citigroup by 5.4% in the second quarter. Capital Analysts LLC now owns 45,844 shares of the financial services provider’s stock valued at $3,066,000 after purchasing an additional 2,367 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Citigroup by 5.2% in the second quarter. Principal Financial Group Inc. now owns 4,152,299 shares of the financial services provider’s stock valued at $277,705,000 after purchasing an additional 205,298 shares in the last quarter. BlackRock Inc. boosted its holdings in Citigroup by 2,718.7% in the first quarter. BlackRock Inc. now owns 196,415,461 shares of the financial services provider’s stock valued at $11,749,573,000 after purchasing an additional 189,447,104 shares in the last quarter. Amalgamated Bank boosted its holdings in Citigroup by 1.0% in the first quarter. Amalgamated Bank now owns 195,156 shares of the financial services provider’s stock valued at $11,674,000 after purchasing an additional 1,937 shares in the last quarter. Finally, Bank of Hawaii lifted its stake in Citigroup by 52.2% in the second quarter. Bank of Hawaii now owns 6,536 shares of the financial services provider’s stock valued at $437,000 after buying an additional 2,242 shares during the last quarter. 78.59% of the stock is owned by institutional investors and hedge funds.

Citigroup Inc. (NYSE:C) traded up $0.20 during trading on Friday, reaching $75.18. The company’s stock had a trading volume of 2,793,815 shares, compared to its average volume of 16,899,846. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $199,463.52, a price-to-earnings ratio of 14.54, a price-to-earnings-growth ratio of 1.48 and a beta of 1.55. Citigroup Inc. has a 12 month low of $55.23 and a 12 month high of $77.92.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Monday, November 6th were paid 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 of this dividend was Friday, November 3rd. Citigroup’s payout ratio is currently 24.66%.

A number of brokerages have weighed in on C. Vetr upgraded Citigroup from a “hold” rating to a “buy” rating and set a $80.92 price objective for the company in a research note on Monday. BMO Capital Markets restated a “hold” rating and set a $65.00 price target on shares of Citigroup in a research note on Friday, October 6th. J P Morgan Chase & Co restated an “overweight” rating and set a $78.50 price target (up previously from $77.50) on shares of Citigroup in a research note on Friday, October 6th. Credit Suisse Group restated a “buy” rating and set a $83.00 price target (up previously from $73.00) on shares of Citigroup in a research note on Monday, October 9th. They noted that the move was a valuation call. Finally, Stifel Nicolaus restated a “hold” rating on shares of Citigroup in a research note on Monday, October 9th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Citigroup presently has an average rating of “Buy” and an average price target of $75.83.

ILLEGAL ACTIVITY NOTICE: “Narwhal Capital Management Buys 5,275 Shares of Citigroup Inc. (C)” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another site, it was illegally copied and republished in violation of international copyright and trademark laws. The correct version of this piece can be read at https://www.thecerbatgem.com/2017/12/08/narwhal-capital-management-buys-5275-shares-of-citigroup-inc-c.html.

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.

Want to see what other hedge funds are holding C? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citigroup Inc. (NYSE:C).

Institutional Ownership by Quarter for Citigroup (NYSE:C)

Receive News & Stock Ratings for Citigroup Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup Inc. and related stocks with our FREE daily email newsletter.