Citigroup Inc. (C) Shares Sold by Employees Retirement System of Texas

Employees Retirement System of Texas lowered its holdings in Citigroup Inc. (NYSE:C) by 4.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 266,350 shares of the financial services provider’s stock after selling 12,000 shares during the quarter. Employees Retirement System of Texas’ holdings in Citigroup were worth $17,813,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Catamount Wealth Management acquired a new stake in shares of Citigroup during the 2nd quarter worth approximately $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its holdings in shares of Citigroup by 206.0% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 1,030 shares in the last quarter. Patten Group Inc. grew its holdings in shares of Citigroup by 6.6% during the 1st quarter. Patten Group Inc. now owns 1,765 shares of the financial services provider’s stock worth $105,000 after purchasing an additional 110 shares in the last quarter. Dubuque Bank & Trust Co. grew its holdings in shares of Citigroup by 60.8% during the 2nd quarter. Dubuque Bank & Trust Co. now owns 1,584 shares of the financial services provider’s stock worth $106,000 after purchasing an additional 599 shares in the last quarter. Finally, Acrospire Investment Management LLC grew its holdings in shares of Citigroup by 21.4% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 300 shares in the last quarter. 77.98% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Citigroup Inc. (NYSE C) opened at $72.38 on Wednesday. The firm has a market capitalization of $190,500.34, a price-to-earnings ratio of 13.88, a PEG ratio of 1.41 and a beta of 1.57. Citigroup Inc. has a 52-week low of $55.23 and a 52-week high of $76.14. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.01 and a current ratio of 1.01.

Citigroup (NYSE:C) last released its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.10. The business had revenue of $18.17 billion during 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 firm’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.24 earnings per share. research analysts forecast that Citigroup Inc. will post 5.31 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Monday, November 6th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 1.77%. Citigroup’s dividend payout ratio is presently 24.66%.

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Several brokerages have recently weighed in on C. Keefe, Bruyette & Woods set a $75.00 price objective on Citigroup and gave the stock a “buy” rating in a report on Sunday, August 13th. Wells Fargo & Company reissued a “buy” rating on shares of Citigroup in a report on Monday, October 2nd. Raymond James Financial, Inc. reissued an “underperform” rating on shares of Citigroup in a report on Wednesday, September 27th. Deutsche Bank AG reissued a “hold” rating and set a $67.00 price objective (up previously from $61.00) on shares of Citigroup in a report on Tuesday, September 26th. Finally, Atlantic Securities reissued an “overweight” rating and set a $85.00 price objective (up previously from $75.00) on shares of Citigroup in a report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. Citigroup currently has a consensus rating of “Buy” and an average price target of $75.61.

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.

Institutional Ownership by Quarter for Citigroup (NYSE:C)

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