Citigroup Inc. (NYSE:C) Shares Sold by ING Groep NV

ING Groep NV lowered its holdings in Citigroup Inc. (NYSE:C - Free Report) by 57.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 102,156 shares of the company's stock after selling 139,768 shares during the period. ING Groep NV's holdings in Citigroup were worth $6,395,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD lifted its holdings in Citigroup by 123.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,716,442 shares of the company's stock worth $2,005,749,000 after buying an additional 17,525,484 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Citigroup by 0.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 30,007,284 shares of the company's stock valued at $1,904,262,000 after purchasing an additional 250,716 shares during the last quarter. Legal & General Group Plc increased its position in shares of Citigroup by 5.5% in the 2nd quarter. Legal & General Group Plc now owns 17,428,251 shares of the company's stock valued at $1,105,999,000 after purchasing an additional 913,231 shares during the last quarter. Greenhaven Associates Inc. increased its position in shares of Citigroup by 1.5% in the 3rd quarter. Greenhaven Associates Inc. now owns 16,883,391 shares of the company's stock valued at $1,056,900,000 after purchasing an additional 242,545 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Citigroup by 1.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,300,447 shares of the company's stock valued at $590,106,000 after purchasing an additional 168,070 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Oppenheimer upped their target price on shares of Citigroup from $91.00 to $107.00 and gave the company an "outperform" rating in a report on Tuesday, November 5th. Morgan Stanley lowered their target price on shares of Citigroup from $86.00 to $82.00 and set an "overweight" rating for the company in a report on Wednesday, October 16th. 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 report on Wednesday, October 16th. Bank of America upped their target price on shares of Citigroup from $77.00 to $78.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Finally, Barclays upped their price target on shares of Citigroup from $63.00 to $70.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 16th. One 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. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $73.00.

Citigroup Price Performance

C stock traded up $0.61 on Friday, reaching $68.76. The company had a trading volume of 15,373,056 shares, compared to its average volume of 14,459,951. Citigroup Inc. has a 1 year low of $44.32 and a 1 year high of $70.20. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.96 and a current ratio of 0.96. The company's fifty day moving average is $63.21 and its 200 day moving average is $62.59. The company has a market cap of $130.04 billion, a P/E ratio of 19.93, a PEG ratio of 0.77 and a beta of 1.44.

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

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 3.26%. 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.