Greystone Investment Management LLC lessened its holdings in Citigroup Inc. (NYSE:C) by 0.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 102,462 shares of the financial services provider’s stock after selling 885 shares during the quarter. Citigroup makes up 3.6% of Greystone Investment Management LLC’s holdings, making the stock its 12th largest holding. Greystone Investment Management LLC’s holdings in Citigroup were worth $7,453,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in C. Wilbanks Smith & Thomas Asset Management LLC purchased a new stake in shares of Citigroup in the 1st quarter worth $251,000. EULAV Asset Management lifted its holdings in shares of Citigroup by 9.5% in the 1st quarter. EULAV Asset Management now owns 115,000 shares of the financial services provider’s stock worth $6,879,000 after buying an additional 10,000 shares during the period. Hartland & Co. LLC lifted its holdings in shares of Citigroup by 23.8% in the 1st quarter. Hartland & Co. LLC now owns 8,183 shares of the financial services provider’s stock worth $490,000 after buying an additional 1,575 shares during the period. Birch Hill Investment Advisors LLC purchased a new stake in shares of Citigroup in the 1st quarter worth $3,888,000. Finally, Mirador Capital Partners LP purchased a new stake in shares of Citigroup in the 1st quarter worth $271,000. 78.59% of the stock is currently owned by institutional investors.
Shares of Citigroup Inc. (C) opened at $74.77 on Monday. The company has a quick ratio of 1.01, a current 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 company has a market capitalization of $197,692.02, a PE ratio of 14.41, a price-to-earnings-growth ratio of 1.47 and a beta of 1.55.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Monday, November 6th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date was Friday, November 3rd. Citigroup’s dividend payout ratio (DPR) is presently 24.66%.
Several brokerages have weighed in on C. Royal Bank of Canada reiterated a “buy” rating and issued a $75.00 target price on shares of Citigroup in a report on Wednesday, September 27th. Societe Generale upgraded Citigroup from a “sell” rating to a “hold” rating and upped their price objective for the stock from $63.00 to $70.00 in a research note on Monday, September 11th. ValuEngine upgraded Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Jefferies Group set a $81.00 price objective on Citigroup and gave the stock a “neutral” rating in a research note on Thursday, October 12th. Finally, BidaskClub cut Citigroup from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Citigroup presently has an average rating of “Buy” and an average target price of $76.54.
TRADEMARK VIOLATION NOTICE: “Citigroup Inc. (C) Shares Sold by Greystone Investment Management LLC” was reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this news story on another website, it was stolen and reposted in violation of US & international copyright and trademark legislation. The legal version of this news story can be accessed at https://sportsperspectives.com/2017/12/18/citigroup-inc-c-shares-sold-by-greystone-investment-management-llc.html.
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).
Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.