Citigroup Inc. (NYSE:C) Stock Holdings Lifted by Forsta AP Fonden

Forsta AP Fonden grew its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 11.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 433,000 shares of the company's stock after acquiring an additional 44,300 shares during the period. Forsta AP Fonden's holdings in Citigroup were worth $27,106,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in C. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Citigroup by 23.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 210,560 shares of the company's stock valued at $13,027,000 after buying an additional 39,991 shares during the period. Allworth Financial LP boosted its holdings in shares of Citigroup by 6.0% in the 3rd quarter. Allworth Financial LP now owns 33,800 shares of the company's stock valued at $2,116,000 after buying an additional 1,909 shares during the period. Highland Capital Management LLC boosted its holdings in shares of Citigroup by 2.6% in the 3rd quarter. Highland Capital Management LLC now owns 200,906 shares of the company's stock valued at $12,577,000 after buying an additional 5,175 shares during the period. Country Club Bank boosted its holdings in shares of Citigroup by 25.4% in the 3rd quarter. Country Club Bank now owns 228,304 shares of the company's stock valued at $14,125,000 after buying an additional 46,216 shares during the period. Finally, Tandem Capital Management Corp ADV boosted its holdings in shares of Citigroup by 1.1% in the 3rd quarter. Tandem Capital Management Corp ADV now owns 19,688 shares of the company's stock valued at $1,245,000 after buying an additional 205 shares during the period. 71.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on C shares. Oppenheimer decreased their price target on shares of Citigroup from $92.00 to $91.00 and set an "outperform" rating for the company in a report on Wednesday, October 16th. Evercore ISI lifted their price objective on shares of Citigroup from $63.00 to $64.00 and gave the company an "in-line" rating in a research report on Wednesday, October 16th. Morgan Stanley cut their price objective on shares of Citigroup from $86.00 to $82.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 16th. The Goldman Sachs Group cut their price objective on shares of Citigroup from $75.00 to $71.00 and set a "buy" rating on the stock in a research report on Wednesday, September 11th. Finally, BMO Capital Markets lifted their price objective on shares of Citigroup from $63.00 to $65.00 and gave the company a "market perform" rating in a research report on Thursday, July 11th. One equities research 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. Based on data from MarketBeat, Citigroup presently has an average rating of "Moderate Buy" and an average target price of $71.06.

Citigroup Price Performance

Shares of C stock traded down $1.24 during midday trading on Friday, reaching $61.76. 9,697,845 shares of the company were exchanged, compared to its average volume of 14,373,945. The company's 50 day moving average price is $61.67 and its two-hundred day moving average price is $61.95. The company has a market cap of $117.80 billion, a P/E ratio of 17.30, a PEG ratio of 0.74 and a beta of 1.44. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.94 and a current ratio of 0.94. Citigroup Inc. has a 12 month low of $38.17 and a 12 month high of $67.81.

Citigroup (NYSE:C - Get Free Report) last announced its quarterly earnings data 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 net margin of 4.95% and a return on equity of 6.26%. The business's revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.52 EPS. On average, sell-side analysts expect that Citigroup Inc. will post 5.76 earnings per share for the current year.

Citigroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Monday, November 4th will be paid a $0.56 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $2.24 annualized dividend and a dividend yield of 3.63%. Citigroup's dividend payout ratio is currently 62.75%.

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.