Citigroup Inc (C) is CapWealth Advisors LLC’s 7th Largest Position

CapWealth Advisors LLC lifted its stake in Citigroup Inc (NYSE:C) by 2.2% during the 3rd quarter, Holdings Channel reports. The fund owned 218,910 shares of the financial services provider’s stock after purchasing an additional 4,665 shares during the quarter. Citigroup accounts for 3.1% of CapWealth Advisors LLC’s portfolio, making the stock its 7th largest position. CapWealth Advisors LLC’s holdings in Citigroup were worth $15,924,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. FMR LLC lifted its holdings in Citigroup by 3.8% during the 2nd quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock worth $7,343,721,000 after buying an additional 4,061,637 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Citigroup by 6.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 46,110,561 shares of the financial services provider’s stock worth $3,083,874,000 after buying an additional 2,943,282 shares in the last quarter. Harris Associates L P lifted its holdings in Citigroup by 0.5% during the 2nd quarter. Harris Associates L P now owns 41,350,951 shares of the financial services provider’s stock worth $2,765,551,000 after buying an additional 221,171 shares in the last quarter. Northern Trust Corp lifted its holdings in Citigroup by 3.1% during the 2nd quarter. Northern Trust Corp now owns 34,097,795 shares of the financial services provider’s stock worth $2,280,461,000 after buying an additional 1,011,532 shares in the last quarter. Finally, Boston Partners lifted its holdings in Citigroup by 3.4% during the 3rd quarter. Boston Partners now owns 24,591,045 shares of the financial services provider’s stock worth $1,788,752,000 after buying an additional 817,162 shares in the last quarter. Hedge funds and other institutional investors own 78.53% of the company’s stock.

Citigroup Inc (NYSE:C) opened at $78.30 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market cap of $207,030.00, a price-to-earnings ratio of -27.09, a P/E/G ratio of 1.47 and a beta of 1.56. Citigroup Inc has a 52-week low of $55.23 and a 52-week high of $78.44.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.09. The firm had revenue of $17.26 billion for the quarter, compared to the consensus estimate of $17.23 billion. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.60%. The company’s revenue was up 1.4% on a year-over-year basis. During the same period last year, the firm posted $1.14 EPS. research analysts predict that Citigroup Inc will post 6.33 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 5th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Friday, February 2nd. Citigroup’s dividend payout ratio (DPR) is -44.29%.

A number of brokerages have recently weighed in on C. Wells Fargo & Co restated a “buy” rating on shares of Citigroup in a report on Monday, October 2nd. Royal Bank of Canada restated a “buy” rating and issued a $75.00 price objective on shares of Citigroup in a report on Wednesday, September 27th. Credit Suisse Group restated a “buy” rating and issued a $83.00 price objective (up from $73.00) on shares of Citigroup in a report on Monday, October 9th. They noted that the move was a valuation call. Nomura raised their price objective on shares of Citigroup from $80.00 to $81.00 and gave the company a “buy” rating in a report on Friday, October 13th. Finally, BidaskClub lowered shares of Citigroup from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $79.30.

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About Citigroup

Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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