KBC Group NV Has $71.27 Million Position in Citigroup Inc. (NYSE:C)

KBC Group NV increased its stake in Citigroup Inc. (NYSE:C - Free Report) by 1.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,138,511 shares of the company's stock after purchasing an additional 20,291 shares during the quarter. KBC Group NV owned approximately 0.06% of Citigroup worth $71,270,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in C. Rossmore Private Capital grew its position in shares of Citigroup by 14.0% in the third quarter. Rossmore Private Capital now owns 11,430 shares of the company's stock valued at $716,000 after purchasing an additional 1,400 shares during the last quarter. Aptus Capital Advisors LLC grew its holdings in Citigroup by 20.5% in the 3rd quarter. Aptus Capital Advisors LLC now owns 161,538 shares of the company's stock valued at $10,112,000 after buying an additional 27,512 shares during the last quarter. Aigen Investment Management LP bought a new position in Citigroup in the 3rd quarter worth approximately $2,951,000. Prime Capital Investment Advisors LLC increased its position in Citigroup by 7.8% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 19,784 shares of the company's stock worth $1,238,000 after buying an additional 1,431 shares during the period. Finally, Savvy Advisors Inc. boosted its position in shares of Citigroup by 33.7% in the third quarter. Savvy Advisors Inc. now owns 10,956 shares of the company's stock valued at $686,000 after acquiring an additional 2,764 shares during the period. Institutional investors own 71.72% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Evercore ISI upped their target price on shares of Citigroup from $63.00 to $64.00 and gave the company an "in-line" rating in a research note on Wednesday, October 16th. Oppenheimer upped their price objective on shares of Citigroup from $91.00 to $107.00 and gave the company an "outperform" rating in a research report on Tuesday, November 5th. The Goldman Sachs Group decreased their target price on Citigroup from $75.00 to $71.00 and set a "buy" rating on the stock in a research report on Wednesday, September 11th. Morgan Stanley cut their price target on Citigroup from $86.00 to $82.00 and set an "overweight" rating for the company in a report on Wednesday, October 16th. Finally, Barclays lifted their price objective on Citigroup from $63.00 to $70.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $72.06.

Citigroup Price Performance

C stock traded down $0.92 during trading on Thursday, hitting $67.97. 9,160,852 shares of the stock traded hands, compared to its average volume of 14,429,202. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.55. The stock has a market cap of $128.55 billion, a price-to-earnings ratio of 19.70, a P/E/G ratio of 0.77 and a beta of 1.44. Citigroup Inc. has a one year low of $44.32 and a one year high of $70.20. The company has a 50 day simple moving average of $62.87 and a 200 day simple moving average of $62.51.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings results 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. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The business had revenue of $20.32 billion during the quarter, compared to analysts' expectations of $19.86 billion. During the same period in the previous year, the business posted $1.52 earnings per share. The firm's revenue for the quarter was up .9% compared to the same quarter last year. Equities analysts expect that Citigroup Inc. will post 5.85 EPS for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Tuesday, November 5th will be issued a $0.56 dividend. The ex-dividend date is Monday, November 4th. This represents a $2.24 annualized dividend and a yield of 3.30%. Citigroup's dividend payout ratio is currently 64.93%.

Citigroup 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.