Highland Capital Management LLC lowered its holdings in Citigroup Inc (NYSE:C) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 256,520 shares of the financial services provider’s stock after selling 1,531 shares during the period. Citigroup makes up 1.5% of Highland Capital Management LLC’s portfolio, making the stock its 11th biggest position. Highland Capital Management LLC’s holdings in Citigroup were worth $19,088,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Leisure Capital Management raised its holdings in shares of Citigroup by 1.6% during the second quarter. Leisure Capital Management now owns 3,763 shares of the financial services provider’s stock worth $252,000 after acquiring an additional 59 shares in the last quarter. Boys Arnold & Co. Inc. raised its holdings in shares of Citigroup by 0.7% during the second quarter. Boys Arnold & Co. Inc. now owns 14,532 shares of the financial services provider’s stock worth $972,000 after acquiring an additional 100 shares in the last quarter. Carnegie Capital Asset Management LLC raised its holdings in shares of Citigroup by 0.5% during the second quarter. Carnegie Capital Asset Management LLC now owns 20,225 shares of the financial services provider’s stock worth $1,404,000 after acquiring an additional 101 shares in the last quarter. Buckingham Asset Management LLC raised its holdings in shares of Citigroup by 2.3% during the second quarter. Buckingham Asset Management LLC now owns 6,018 shares of the financial services provider’s stock worth $403,000 after acquiring an additional 135 shares in the last quarter. Finally, Frontier Wealth Management LLC raised its holdings in shares of Citigroup by 1.3% during the second quarter. Frontier Wealth Management LLC now owns 10,901 shares of the financial services provider’s stock worth $729,000 after acquiring an additional 140 shares in the last quarter. Institutional investors own 80.71% of the company’s stock.

Citigroup Inc (NYSE C) opened at $76.71 on Thursday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.29. The company has a market cap of $202,820.00, a price-to-earnings ratio of 13.82, a price-to-earnings-growth ratio of 1.09 and a beta of 1.54. Citigroup Inc has a 1 year low of $56.55 and a 1 year high of $80.70.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.09. The firm had revenue of $17.26 billion for the quarter, compared to the consensus estimate of $17.23 billion. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.60%. The business’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.14 earnings per share. equities analysts anticipate that Citigroup Inc will post 6.4 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Friday, February 2nd. Citigroup’s payout ratio is 23.06%.

C has been the subject of several recent research reports. ValuEngine upgraded Citigroup from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Barclays increased their price objective on Citigroup from $76.00 to $93.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Vetr lowered Citigroup from a “buy” rating to a “hold” rating and set a $76.38 price objective for the company. in a report on Wednesday, November 29th. Raymond James Financial initiated coverage on Citigroup in a report on Tuesday, October 31st. They set a “hold” rating for the company. Finally, Jefferies Group reiterated a “hold” rating and set a $83.00 price objective on shares of Citigroup in a report on Tuesday, January 16th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Citigroup currently has a consensus rating of “Buy” and an average price target of $79.65.

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Citigroup Company 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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