Citigroup Inc (C) Holdings Trimmed by MUFG Americas Holdings Corp

MUFG Americas Holdings Corp decreased its position in Citigroup Inc (NYSE:C) by 7.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 209,796 shares of the financial services provider’s stock after selling 17,741 shares during the period. MUFG Americas Holdings Corp’s holdings in Citigroup were worth $15,260,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Boston Private Wealth LLC increased its holdings in Citigroup by 2.1% in the third quarter. Boston Private Wealth LLC now owns 252,136 shares of the financial services provider’s stock valued at $18,341,000 after buying an additional 5,181 shares in the last quarter. Private Wealth Advisors Inc. increased its holdings in Citigroup by 11.9% in the third quarter. Private Wealth Advisors Inc. now owns 11,715 shares of the financial services provider’s stock valued at $852,000 after buying an additional 1,245 shares in the last quarter. Brown Advisory Inc. increased its holdings in Citigroup by 5.6% in the third quarter. Brown Advisory Inc. now owns 308,705 shares of the financial services provider’s stock valued at $22,455,000 after buying an additional 16,418 shares in the last quarter. USS Investment Management Ltd increased its holdings in Citigroup by 40.2% in the third quarter. USS Investment Management Ltd now owns 3,450,000 shares of the financial services provider’s stock valued at $250,867,000 after buying an additional 990,000 shares in the last quarter. Finally, Pittenger & Anderson Inc. increased its holdings in Citigroup by 13.4% in the third quarter. Pittenger & Anderson Inc. now owns 56,185 shares of the financial services provider’s stock valued at $4,087,000 after buying an additional 6,650 shares in the last quarter. 78.53% of the stock is owned by institutional investors.

A number of analysts have recently commented on C shares. ValuEngine raised shares of Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Deutsche Bank set a $74.00 target price on shares of Citigroup and gave the stock a “neutral” rating in a research note on Wednesday. Raymond James Financial started coverage on shares of Citigroup in a research note on Tuesday, October 31st. They set a “hold” rating for the company. Morgan Stanley boosted their target price on shares of Citigroup from $73.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, October 13th. Finally, Wells Fargo & Co set a $100.00 target price on shares of Citigroup and gave the stock a “buy” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $79.30.

Citigroup Inc (NYSE:C) opened at $77.39 on Friday. The firm has a market cap of $204,620.00, a PE ratio of -26.78, a P/E/G ratio of 1.21 and a beta of 1.56. Citigroup Inc has a 52-week low of $55.23 and a 52-week high of $78.44. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.01 and a current ratio of 1.01.

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

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

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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.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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