Victory Capital Management Inc. Has $127.25 Million Position in Citigroup Inc. (NYSE:C)

Victory Capital Management Inc. lessened its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 3.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,032,679 shares of the company's stock after selling 68,831 shares during the period. Victory Capital Management Inc. owned 0.11% of Citigroup worth $127,246,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bleakley Financial Group LLC increased its position in Citigroup by 3.3% in the 1st quarter. Bleakley Financial Group LLC now owns 28,695 shares of the company's stock valued at $1,815,000 after acquiring an additional 904 shares during the period. TD Asset Management Inc boosted its stake in shares of Citigroup by 12.5% in the 1st quarter. TD Asset Management Inc now owns 1,089,087 shares of the company's stock valued at $68,874,000 after purchasing an additional 121,432 shares during the last quarter. D Orazio & Associates Inc. bought a new stake in Citigroup during the first quarter valued at $246,000. TBH Global Asset Management LLC acquired a new position in Citigroup in the first quarter valued at approximately $289,000. Finally, Beacon Investment Advisory Services Inc. bought a new stake in shares of Citigroup during the first quarter worth about $271,000. 71.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

C has been the subject of a number of recent analyst reports. Morgan Stanley lowered their price target on Citigroup from $86.00 to $82.00 and set an "overweight" rating for the company in a research report on Wednesday, October 16th. Oppenheimer boosted their price objective on shares of Citigroup from $91.00 to $107.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 5th. Barclays lifted their target price on shares of Citigroup from $63.00 to $70.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 16th. Bank of America lifted their price objective on Citigroup from $77.00 to $78.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. Finally, Evercore ISI boosted their price target 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. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $72.06.

Citigroup Stock Up 0.3 %

C stock traded up $0.24 during trading on Wednesday, hitting $69.26. 5,672,531 shares of the stock traded hands, compared to its average volume of 14,431,092. The stock has a market cap of $130.99 billion, a price-to-earnings ratio of 20.10, a price-to-earnings-growth ratio of 0.77 and a beta of 1.44. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.96. The firm's 50 day moving average is $62.71 and its two-hundred day moving average is $62.46. Citigroup Inc. has a 1 year low of $43.10 and a 1 year high of $70.20.

Citigroup (NYSE:C - Get Free Report) last announced its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $19.86 billion. During the same quarter in the previous year, the business earned $1.52 earnings per share. The company's revenue for the quarter was up .9% compared to the same quarter last year. On average, sell-side analysts anticipate that Citigroup Inc. will post 5.85 EPS for the current year.

Citigroup Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th will be issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 3.23%. The ex-dividend date is Monday, November 4th. Citigroup's dividend payout ratio (DPR) is presently 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.