Citigroup Inc. (C) Shares Sold by Greystone Investment Management LLC

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.

Citigroup (NYSE:C) last released its quarterly earnings results 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. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The company had revenue of $18.17 billion during the quarter, compared to analysts’ expectations of $17.87 billion. During the same period last year, the business posted $1.24 earnings per share. The firm’s revenue was up 2.3% compared to the same quarter last year. equities research analysts predict that Citigroup Inc. will post 5.3 EPS for the current year.

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.

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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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