Grisanti Capital Management LLC lowered its position in Citigroup Inc (NYSE:C) by 0.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 216,622 shares of the financial services provider’s stock after selling 820 shares during the period. Citigroup accounts for approximately 6.5% of Grisanti Capital Management LLC’s portfolio, making the stock its 2nd largest position. Grisanti Capital Management LLC’s holdings in Citigroup were worth $15,757,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of C. Chevy Chase Trust Holdings Inc. lifted its position in shares of Citigroup by 1.4% during the 2nd quarter. Chevy Chase Trust Holdings Inc. now owns 3,438,264 shares of the financial services provider’s stock valued at $229,951,000 after acquiring an additional 48,241 shares during the period. Randolph Co Inc lifted its position in shares of Citigroup by 0.3% during the 2nd quarter. Randolph Co Inc now owns 144,425 shares of the financial services provider’s stock valued at $9,659,000 after acquiring an additional 400 shares during the period. Trust Co. of Oklahoma lifted its position in shares of Citigroup by 3.2% during the 2nd quarter. Trust Co. of Oklahoma now owns 31,373 shares of the financial services provider’s stock valued at $2,098,000 after acquiring an additional 964 shares during the period. Mn Services Vermogensbeheer B.V. lifted its position in shares of Citigroup by 494.2% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 452,581 shares of the financial services provider’s stock valued at $30,269,000 after acquiring an additional 376,416 shares during the period. Finally, Abner Herrman & Brock LLC lifted its position in shares of Citigroup by 0.9% during the 2nd quarter. Abner Herrman & Brock LLC now owns 211,631 shares of the financial services provider’s stock valued at $14,154,000 after acquiring an additional 1,922 shares during the period. Hedge funds and other institutional investors own 78.61% of the company’s stock.

Shares of Citigroup Inc (NYSE:C) opened at $78.30 on Monday. Citigroup Inc has a one year low of $55.23 and a one year high of $78.44. 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 stock has a market cap of $201,230.98, a price-to-earnings ratio of -25.26, a PEG ratio of 1.49 and a beta of 1.56.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.09. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.60%. The firm had revenue of $17.26 billion during the quarter, compared to analyst estimates of $17.23 billion. During the same quarter in the prior year, the business posted $1.14 EPS. The business’s revenue was up 1.4% compared to the same quarter last year. research analysts expect that Citigroup Inc will post 6.33 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Monday, February 5th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $1.28 annualized dividend and a dividend yield of 1.63%. Citigroup’s payout ratio is -41.29%.

Several research firms have weighed in on C. Deutsche Bank set a $74.00 price objective on shares of Citigroup and gave the stock a “neutral” rating in a report on Wednesday, January 17th. Wells Fargo & Co set a $100.00 price objective on shares of Citigroup and gave the stock a “buy” rating in a report on Wednesday, January 17th. Keefe, Bruyette & Woods restated a “market perform” rating on shares of Citigroup in a report on Wednesday, January 17th. Nomura set a $87.00 price objective on shares of Citigroup and gave the stock a “buy” rating in a report on Wednesday, January 17th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $85.00 price objective on shares of Citigroup in a report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $79.30.

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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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