First Allied Advisory Services Inc. reduced its holdings in Citigroup Inc (NYSE:C) by 13.1% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,185 shares of the financial services provider’s stock after selling 6,788 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Citigroup were worth $3,285,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Catamount Wealth Management purchased a new position in shares of Citigroup in the 2nd quarter worth about $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its holdings in shares of Citigroup by 206.0% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 1,030 shares in the last quarter. Balentine LLC boosted its holdings in shares of Citigroup by 20.2% in the 2nd quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 272 shares in the last quarter. Acrospire Investment Management LLC boosted its holdings in shares of Citigroup by 21.4% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 300 shares in the last quarter. Finally, Shine Investment Advisory Services Inc. purchased a new position in shares of Citigroup in the 2nd quarter worth about $123,000. Institutional investors and hedge funds own 78.61% of the company’s stock.

Shares of Citigroup Inc (NYSE:C) opened at $79.45 on Thursday. Citigroup Inc has a fifty-two week low of $55.23 and a fifty-two week high of $79.71. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $201,873.48, a P/E ratio of 14.74, a price-to-earnings-growth ratio of 1.49 and a beta of 1.56.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.09. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The business had revenue of $17.26 billion during the quarter, compared to analysts’ expectations of $17.23 billion. During the same quarter last year, the business posted $1.14 EPS. The business’s revenue was up 1.4% on a year-over-year basis. sell-side analysts forecast that Citigroup Inc will post 6.33 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Friday, February 2nd. Citigroup’s dividend payout ratio (DPR) is currently -41.29%.

A number of research firms have recently issued reports on C. Royal Bank of Canada reiterated a “buy” rating and issued a $75.00 price objective on shares of Citigroup in a report on Wednesday, September 27th. Deutsche Bank set a $74.00 price objective on Citigroup and gave the stock a “neutral” rating in a report on Wednesday, January 17th. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Citigroup in a report on Wednesday, January 17th. JPMorgan Chase & Co. set a $80.00 price objective on Citigroup and gave the stock a “buy” rating in a report on Wednesday, January 17th. Finally, Jefferies Group set a $81.00 price objective on Citigroup and gave the stock a “neutral” rating in a report on Thursday, October 12th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Citigroup presently has a consensus rating of “Buy” and an average price target of $79.30.

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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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