Citigroup Inc (C) Position Cut by GABELLI & Co INVESTMENT ADVISERS INC.

GABELLI & Co INVESTMENT ADVISERS INC. cut its position in shares of Citigroup Inc (NYSE:C) by 11.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,500 shares of the financial services provider’s stock after selling 1,000 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC.’s holdings in Citigroup were worth $467,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in C. Oregon Public Employees Retirement Fund raised its position in Citigroup by 5,064.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 40,038,201 shares of the financial services provider’s stock worth $769,000 after acquiring an additional 39,262,981 shares during the period. Northern Trust Corp raised its position in Citigroup by 1.9% during the fourth quarter. Northern Trust Corp now owns 32,154,657 shares of the financial services provider’s stock worth $1,673,972,000 after acquiring an additional 604,791 shares during the period. ValueAct Holdings L.P. raised its position in Citigroup by 20.2% during the fourth quarter. ValueAct Holdings L.P. now owns 31,525,500 shares of the financial services provider’s stock worth $1,641,218,000 after acquiring an additional 5,300,000 shares during the period. Geode Capital Management LLC raised its position in Citigroup by 4.1% during the fourth quarter. Geode Capital Management LLC now owns 30,039,886 shares of the financial services provider’s stock worth $1,561,201,000 after acquiring an additional 1,187,619 shares during the period. Finally, Norges Bank acquired a new position in Citigroup during the fourth quarter worth $1,383,526,000. 71.11% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Stephen Bird sold 30,000 shares of the firm’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $69.33, for a total transaction of $2,079,900.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.09% of the stock is currently owned by company insiders.

A number of equities research analysts have recently commented on the stock. Oppenheimer increased their target price on shares of Citigroup from $94.00 to $99.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Jefferies Financial Group upgraded shares of Citigroup from a “hold” rating to a “buy” rating and increased their target price for the company from $64.00 to $73.00 in a research report on Friday, February 22nd. TheStreet upgraded shares of Citigroup from a “c+” rating to a “b” rating in a research report on Friday, January 25th. Wells Fargo & Co increased their target price on shares of Citigroup from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. Finally, BMO Capital Markets increased their target price on shares of Citigroup from $92.00 to $93.00 and gave the company an “outperform” rating in a research report on Monday, April 15th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $80.45.

Citigroup stock opened at $65.07 on Friday. Citigroup Inc has a 12-month low of $48.42 and a 12-month high of $75.24. The stock has a market cap of $167.23 billion, a P/E ratio of 9.78, a PEG ratio of 0.71 and a beta of 1.71. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.36.

Citigroup (NYSE:C) last released its quarterly earnings data on Monday, April 15th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.09. Citigroup had a net margin of 18.32% and a return on equity of 10.05%. The firm had revenue of $18.58 billion during the quarter, compared to analysts’ expectations of $18.56 billion. During the same period last year, the business earned $1.68 earnings per share. Citigroup’s revenue was down 1.6% compared to the same quarter last year. As a group, equities research analysts predict that Citigroup Inc will post 7.58 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend is Friday, May 3rd. Citigroup’s payout ratio is currently 27.07%.

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Citigroup Company Profile

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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