Citigroup Inc (C) Shares Sold by Johnson Financial Group Inc.

Johnson Financial Group Inc. reduced its holdings in Citigroup Inc (NYSE:C) by 18.4% during the 3rd quarter, Holdings Channel reports. The firm owned 44,686 shares of the financial services provider’s stock after selling 10,067 shares during the quarter. Johnson Financial Group Inc.’s holdings in Citigroup were worth $3,206,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. Acadian Asset Management LLC boosted its stake in Citigroup by 24.5% during the second quarter. Acadian Asset Management LLC now owns 31,377 shares of the financial services provider’s stock worth $2,099,000 after buying an additional 6,181 shares during the period. Mondrian Investment Partners LTD boosted its stake in Citigroup by 0.6% during the second quarter. Mondrian Investment Partners LTD now owns 364,960 shares of the financial services provider’s stock worth $24,423,000 after buying an additional 2,052 shares during the period. RFG Advisory Group LLC purchased a new position in Citigroup during the second quarter worth $212,000. Bessemer Group Inc. boosted its stake in Citigroup by 19.7% during the second quarter. Bessemer Group Inc. now owns 5,012,434 shares of the financial services provider’s stock worth $335,432,000 after buying an additional 824,301 shares during the period. Finally, Dumont & Blake Investment Advisors LLC purchased a new position in Citigroup during the second quarter worth $668,000. 72.85% of the stock is currently owned by institutional investors.

C stock opened at $62.87 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $161.58 billion, a P/E ratio of 11.80, a PEG ratio of 0.82 and a beta of 1.47. Citigroup Inc has a 1-year low of $62.15 and a 1-year high of $80.70.

Citigroup (NYSE:C) last released its quarterly earnings data on Friday, October 12th. The financial services provider reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.07. The firm had revenue of $18.39 billion during the quarter, compared to the consensus estimate of $18.43 billion. Citigroup had a positive return on equity of 9.42% and a negative net margin of 4.81%. During the same period in the previous year, the company posted $1.42 earnings per share. On average, sell-side analysts anticipate that Citigroup Inc will post 6.69 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 21st. Investors of record on Monday, November 5th were issued a $0.45 dividend. The ex-dividend date was Friday, November 2nd. This represents a $1.80 annualized dividend and a dividend yield of 2.86%. Citigroup’s payout ratio is currently 33.77%.

Several research firms have recently weighed in on C. ValuEngine downgraded Citigroup from a “hold” rating to a “sell” rating in a research report on Wednesday, August 15th. Zacks Investment Research downgraded Citigroup from a “buy” rating to a “hold” rating in a research report on Thursday, November 15th. Wolfe Research began coverage on Citigroup in a research report on Tuesday, September 25th. They set an “outperform” rating for the company. Vining Sparks reiterated a “buy” rating and set a $77.00 target price on shares of Citigroup in a research report on Tuesday, October 9th. Finally, Deutsche Bank lifted their target price on Citigroup from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, September 27th. Two 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 company. The company has an average rating of “Buy” and an average price target of $82.51.

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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. 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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