Citigroup Inc (C) Stake Lessened by Psagot Investment House Ltd.

Psagot Investment House Ltd. reduced its position in shares of Citigroup Inc (NYSE:C) by 36.6% in the 3rd quarter, Holdings Channel reports. The firm owned 23,980 shares of the financial services provider’s stock after selling 13,846 shares during the period. Psagot Investment House Ltd.’s holdings in Citigroup were worth $1,720,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Los Angeles Capital Management & Equity Research Inc. lifted its position in Citigroup by 46.4% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 359,610 shares of the financial services provider’s stock valued at $25,798,000 after acquiring an additional 113,960 shares during the last quarter. Gulf International Bank UK Ltd increased its stake in Citigroup by 4.5% in the third quarter. Gulf International Bank UK Ltd now owns 865,198 shares of the financial services provider’s stock valued at $62,069,000 after purchasing an additional 36,878 shares during the period. BP PLC increased its stake in Citigroup by 7.9% in the third quarter. BP PLC now owns 315,000 shares of the financial services provider’s stock valued at $22,601,000 after purchasing an additional 23,000 shares during the period. FineMark National Bank & Trust increased its stake in Citigroup by 58.5% in the third quarter. FineMark National Bank & Trust now owns 137,598 shares of the financial services provider’s stock valued at $9,871,000 after purchasing an additional 50,782 shares during the period. Finally, WINTON GROUP Ltd increased its stake in Citigroup by 183.4% in the third quarter. WINTON GROUP Ltd now owns 282,937 shares of the financial services provider’s stock valued at $20,298,000 after purchasing an additional 183,098 shares during the period. 74.79% of the stock is owned by institutional investors and hedge funds.

Shares of C opened at $67.78 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.32. Citigroup Inc has a twelve month low of $63.18 and a twelve month high of $80.70. The stock has a market cap of $171.37 billion, a price-to-earnings ratio of 12.72, a P/E/G ratio of 0.87 and a beta of 1.47.

Citigroup (NYSE:C) last issued its earnings results on Friday, October 12th. The financial services provider reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.07. Citigroup had a negative net margin of 4.81% and a positive return on equity of 9.42%. The company had revenue of $18.39 billion for the quarter, compared to analyst estimates of $18.43 billion. During the same period in the prior year, the business posted $1.42 earnings per share. Equities analysts anticipate that Citigroup Inc will post 6.69 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 21st. Shareholders of record on Monday, November 5th will be given a dividend of $0.45 per share. The ex-dividend date is Friday, November 2nd. This represents a $1.80 annualized dividend and a yield of 2.66%. Citigroup’s payout ratio is currently 33.77%.

A number of research analysts have commented on C shares. Wolfe Research started coverage on shares of Citigroup in a research note on Tuesday, September 25th. They issued an “outperform” rating on the stock. BMO Capital Markets lifted their price objective on shares of Citigroup to $92.00 and gave the company a “market perform” rating in a research note on Monday, October 15th. ValuEngine lowered shares of Citigroup from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. Deutsche Bank lifted their price objective on shares of Citigroup from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, September 27th. Finally, Wells Fargo & Co set a $100.00 price target on shares of Citigroup and gave the stock a “buy” rating in a research note on Monday, August 27th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and fifteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $82.91.

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About Citigroup

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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