Sarasin & Partners LLP increased its stake in shares of Citigroup Inc (NYSE:C) by 4.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 971,874 shares of the financial services provider’s stock after purchasing an additional 39,709 shares during the quarter. Citigroup makes up 1.4% of Sarasin & Partners LLP’s holdings, making the stock its 28th largest position. Sarasin & Partners LLP’s holdings in Citigroup were worth $70,694,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of C. Virtu Financial LLC purchased a new stake in Citigroup in the second quarter valued at about $919,000. Swedbank raised its stake in Citigroup by 17.6% in the second quarter. Swedbank now owns 2,127,262 shares of the financial services provider’s stock valued at $142,271,000 after buying an additional 318,777 shares during the last quarter. Trust Department MB Financial Bank N A raised its stake in Citigroup by 1.0% in the second quarter. Trust Department MB Financial Bank N A now owns 198,815 shares of the financial services provider’s stock valued at $13,297,000 after buying an additional 2,033 shares during the last quarter. NEXT Financial Group Inc raised its stake in Citigroup by 9.7% in the second quarter. NEXT Financial Group Inc now owns 15,449 shares of the financial services provider’s stock valued at $1,033,000 after buying an additional 1,369 shares during the last quarter. Finally, Trust Co. of Vermont raised its stake in Citigroup by 32.9% in the second quarter. Trust Co. of Vermont now owns 12,912 shares of the financial services provider’s stock valued at $864,000 after buying an additional 3,198 shares during the last quarter. Hedge funds and other institutional investors own 78.53% of the company’s stock.

C has been the subject of a number of research analyst reports. Raymond James Financial initiated coverage on Citigroup in a research note on Tuesday, October 31st. They issued a “hold” rating for the company. Morgan Stanley increased their price target on Citigroup from $73.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, October 13th. Jefferies Group set a $81.00 price target on Citigroup and gave the company a “neutral” rating in a research note on Thursday, October 12th. Nomura increased their price target on Citigroup to $84.00 and gave the company a “buy” rating in a research note on Monday, December 11th. Finally, BMO Capital Markets increased their price target on Citigroup from $65.00 to $67.00 and gave the company a “market perform” rating in a research note on Friday, October 13th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Citigroup currently has an average rating of “Buy” and an average target price of $79.30.

Citigroup Inc (C) opened at $77.39 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $204,620.00, a PE ratio of -26.78, a PEG ratio of 1.21 and a beta of 1.56. Citigroup Inc has a 1-year low of $55.23 and a 1-year high of $78.44.

Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.09. The business had revenue of $17.26 billion for the quarter, compared to analyst estimates of $17.23 billion. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The company’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.14 earnings per share. sell-side analysts anticipate that Citigroup Inc will post 6.27 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Monday, February 5th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.65%. Citigroup’s dividend payout ratio is presently -44.29%.

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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.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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