Natixis Advisors LLC Acquires 39,784 Shares of Citigroup Inc. (NYSE:C)

Natixis Advisors LLC lifted its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 2.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,585,941 shares of the company's stock after acquiring an additional 39,784 shares during the quarter. Natixis Advisors LLC owned 0.08% of Citigroup worth $99,280,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Seelaus Asset Management LLC grew its holdings in Citigroup by 18.2% during the third quarter. Seelaus Asset Management LLC now owns 8,096 shares of the company's stock valued at $507,000 after purchasing an additional 1,245 shares during the period. Empowered Funds LLC grew its holdings in Citigroup by 9.7% during the third quarter. Empowered Funds LLC now owns 41,171 shares of the company's stock valued at $2,577,000 after purchasing an additional 3,630 shares during the period. Empirical Finance LLC boosted its holdings in shares of Citigroup by 2.1% in the third quarter. Empirical Finance LLC now owns 67,354 shares of the company's stock worth $4,216,000 after acquiring an additional 1,384 shares during the period. First Business Financial Services Inc. boosted its holdings in shares of Citigroup by 3.3% in the third quarter. First Business Financial Services Inc. now owns 39,361 shares of the company's stock worth $2,464,000 after acquiring an additional 1,257 shares during the period. Finally, Dearborn Partners LLC bought a new position in shares of Citigroup in the third quarter worth $445,000. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Trading Up 0.9 %

Shares of NYSE C traded up $0.61 during trading hours on Friday, hitting $68.76. The company's stock had a trading volume of 15,373,056 shares, compared to its average volume of 14,469,813. 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 stock has a market cap of $130.04 billion, a price-to-earnings ratio of 19.93, a P/E/G ratio of 0.77 and a beta of 1.44. Citigroup Inc. has a 12 month low of $44.32 and a 12 month high of $70.20. The business has a 50-day simple moving average of $63.21 and a 200-day simple moving average of $62.60.

Citigroup (NYSE:C - Get Free Report) last posted its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.20. The company 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 last year, the firm earned $1.52 earnings per share. On average, analysts anticipate that Citigroup Inc. will post 5.85 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend was Monday, November 4th. Citigroup's dividend payout ratio is 64.93%.

Analyst Ratings Changes

C has been the subject of a number of analyst reports. Evercore ISI raised their price target on Citigroup from $63.00 to $64.00 and gave the stock an "in-line" rating in a report on Wednesday, October 16th. Oppenheimer raised their price target on Citigroup from $91.00 to $107.00 and gave the stock an "outperform" rating in a report on Tuesday, November 5th. Bank of America lifted their price objective on Citigroup from $77.00 to $78.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. Wells Fargo & Company lifted their price objective on Citigroup from $85.00 to $95.00 and gave the company an "overweight" rating in a research note on Friday. Finally, Barclays lifted their price objective on Citigroup from $63.00 to $70.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Citigroup has a consensus rating of "Moderate Buy" and a consensus price target of $73.00.

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.