Massmutual Trust Co. FSB ADV Raises Position in Citigroup Inc (C)

Massmutual Trust Co. FSB ADV lifted its position in shares of Citigroup Inc (NYSE:C) by 1.6% during the third quarter, HoldingsChannel.com reports. The firm owned 66,115 shares of the financial services provider’s stock after acquiring an additional 1,043 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Citigroup were worth $4,743,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. IMA Wealth Inc. acquired a new stake in Citigroup in the 2nd quarter valued at $129,000. Arlington Partners LLC acquired a new stake in Citigroup in the 3rd quarter valued at $143,000. Peoples Financial Services CORP. grew its stake in Citigroup by 82.8% in the 3rd quarter. Peoples Financial Services CORP. now owns 2,208 shares of the financial services provider’s stock valued at $159,000 after acquiring an additional 1,000 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in Citigroup in the 3rd quarter valued at $166,000. Finally, Chicago Partners Investment Group LLC grew its stake in Citigroup by 197.2% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 2,529 shares of the financial services provider’s stock valued at $169,000 after acquiring an additional 1,678 shares during the period. 72.85% of the stock is currently owned by institutional investors and hedge funds.

Shares of C stock opened at $62.87 on Friday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market capitalization of $161.58 billion, a price-to-earnings ratio of 11.80, a PEG ratio of 0.82 and a beta of 1.47. Citigroup Inc has a fifty-two week low of $62.15 and a fifty-two week high of $80.70.

Citigroup (NYSE:C) last announced its quarterly earnings data on Friday, October 12th. The financial services provider reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.07. The company had revenue of $18.39 billion for the quarter, compared to analyst estimates 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 quarter last year, the firm posted $1.42 EPS. Sell-side analysts expect that Citigroup Inc will post 6.69 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 21st. Shareholders 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 dividend on an annualized basis and a yield of 2.86%. Citigroup’s payout ratio is currently 33.77%.

A number of equities research analysts recently issued reports on C shares. ValuEngine cut shares of Citigroup from a “hold” rating to a “sell” rating in a research note on Wednesday, August 15th. Zacks Investment Research cut shares of Citigroup from a “buy” rating to a “hold” rating in a research note on Thursday, November 15th. Wolfe Research started coverage on shares of Citigroup in a research note on Tuesday, September 25th. They issued an “outperform” rating on the stock. Vining Sparks reissued a “buy” rating and issued a $77.00 price target on shares of Citigroup in a research note on Tuesday, October 9th. Finally, Deutsche Bank lifted their price target on shares of Citigroup from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, September 27th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and fifteen have given a buy rating to the company. Citigroup has an average rating of “Buy” and a consensus price target of $82.51.

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Citigroup 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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