Bartlett & Co. LLC grew its stake in shares of Citigroup Inc (NYSE:C) by 125.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,124 shares of the financial services provider’s stock after purchasing an additional 2,853 shares during the period. Bartlett & Co. LLC’s holdings in Citigroup were worth $354,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Personal Wealth Partners acquired a new position in Citigroup during the 2nd quarter worth about $27,000. Centaurus Financial Inc. raised its position in shares of Citigroup by 95.1% in the 1st quarter. Centaurus Financial Inc. now owns 1,713 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 835 shares in the last quarter. Mcmillion Capital Management Inc. bought a new position in shares of Citigroup in the 2nd quarter worth about $31,000. Garrett Wealth Advisory Group LLC bought a new position in shares of Citigroup in the 3rd quarter worth about $33,000. Finally, Bray Capital Advisors raised its position in shares of Citigroup by 257.4% in the 2nd quarter. Bray Capital Advisors now owns 486 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 350 shares in the last quarter. Institutional investors own 76.63% of the company’s stock.

In other news, insider Michael Whitaker sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $62.03, for a total value of $465,225.00. Following the transaction, the insider now owns 93,848 shares in the company, valued at approximately $5,821,391.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.09% of the stock is owned by insiders.

Several research analysts have recently weighed in on C shares. Barclays lifted their price objective on Citigroup from $83.00 to $86.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. JPMorgan Chase & Co. boosted their target price on Citigroup from $77.50 to $84.50 and gave the company an “overweight” rating in a research report on Monday, November 4th. UBS Group boosted their target price on Citigroup from $87.00 to $93.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. ValuEngine lowered Citigroup from a “hold” rating to a “sell” rating in a research report on Monday, October 21st. Finally, BMO Capital Markets lowered Citigroup to a “hold” rating in a research report on Friday, July 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $80.57.

C stock opened at $76.12 on Friday. The company has a market capitalization of $163.37 billion, a P/E ratio of 11.45, a price-to-earnings-growth ratio of 0.85 and a beta of 1.80. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.01 and a current ratio of 1.00. Citigroup Inc has a 52-week low of $48.42 and a 52-week high of $76.28. The business has a 50-day simple moving average of $70.76 and a two-hundred day simple moving average of $68.30.

Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $2.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.12. The business had revenue of $18.57 billion during the quarter, compared to the consensus estimate of $18.54 billion. Citigroup had a return on equity of 10.16% and a net margin of 18.28%. The company’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.73 EPS. As a group, sell-side analysts forecast that Citigroup Inc will post 7.58 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Monday, November 4th will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $2.04 dividend on an annualized basis and a yield of 2.68%. Citigroup’s dividend payout ratio (DPR) is currently 30.68%.

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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