Citigroup Inc. (NYSE:C) Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA reduced its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 17.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,962,095 shares of the company's stock after selling 611,250 shares during the period. Primecap Management Co. CA owned about 0.16% of Citigroup worth $185,427,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. POM Investment Strategies LLC acquired a new stake in Citigroup in the second quarter worth $25,000. Northwest Investment Counselors LLC acquired a new stake in Citigroup in the third quarter worth $28,000. Beacon Capital Management LLC increased its position in Citigroup by 85.5% in the first quarter. Beacon Capital Management LLC now owns 460 shares of the company's stock worth $29,000 after buying an additional 212 shares during the period. Strategic Investment Solutions Inc. IL acquired a new stake in Citigroup in the second quarter worth $31,000. Finally, Triad Wealth Partners LLC acquired a new stake in Citigroup in the second quarter worth $32,000. 71.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Barclays increased their price target on Citigroup from $63.00 to $70.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 16th. Wells Fargo & Company increased their price target on Citigroup from $85.00 to $95.00 and gave the stock an "overweight" rating in a research note on Friday, November 15th. Oppenheimer raised their target price on Citigroup from $91.00 to $107.00 and gave the company an "outperform" rating in a research note on Tuesday, November 5th. Morgan Stanley decreased their target price on Citigroup from $86.00 to $82.00 and set an "overweight" rating for the company in a research note on Wednesday, October 16th. Finally, Evercore ISI raised their target price on Citigroup from $63.00 to $64.00 and gave the company an "in-line" rating in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $73.00.

Citigroup Stock Performance

C opened at $68.28 on Thursday. The stock has a market cap of $129.14 billion, a PE ratio of 19.79, a P/E/G ratio of 0.77 and a beta of 1.44. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.55. Citigroup Inc. has a 1 year low of $44.56 and a 1 year high of $70.20. The stock's 50 day simple moving average is $63.84 and its 200-day simple moving average is $62.75.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.31 by $0.20. The business had revenue of $20.32 billion for the quarter, compared to analysts' expectations of $19.86 billion. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. Citigroup's quarterly revenue was up .9% on a year-over-year basis. During the same period in the previous year, the business posted $1.52 earnings per share. Sell-side analysts forecast that Citigroup Inc. will post 5.85 EPS for the current year.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date was Monday, November 4th. Citigroup's dividend payout ratio (DPR) is 64.93%.

Citigroup Company Profile

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.

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