Citigroup Inc. (NYSE:C) Shares Bought by Ieq Capital LLC

Ieq Capital LLC grew its position in Citigroup Inc. (NYSE:CGet Rating) by 16.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 55,987 shares of the company’s stock after acquiring an additional 7,833 shares during the period. Ieq Capital LLC’s holdings in Citigroup were worth $2,333,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of C. Snider Financial Group grew its stake in Citigroup by 96,645.9% in the 1st quarter. Snider Financial Group now owns 84,494,926 shares of the company’s stock valued at $4,512,000 after acquiring an additional 84,407,589 shares during the period. Barclays PLC grew its position in shares of Citigroup by 43.4% in the third quarter. Barclays PLC now owns 11,605,973 shares of the company’s stock valued at $483,623,000 after purchasing an additional 3,512,239 shares during the period. Pzena Investment Management LLC grew its position in shares of Citigroup by 28.0% in the second quarter. Pzena Investment Management LLC now owns 15,334,377 shares of the company’s stock valued at $705,228,000 after purchasing an additional 3,353,371 shares during the period. HoldCo Asset Management LP increased its stake in shares of Citigroup by 29,945.1% during the second quarter. HoldCo Asset Management LP now owns 3,000,000 shares of the company’s stock worth $137,970,000 after purchasing an additional 2,990,015 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Citigroup during the 2nd quarter worth about $133,317,000. 70.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Credit Suisse Group set a $54.00 price objective on Citigroup in a report on Monday, October 10th. Deutsche Bank Aktiengesellschaft dropped their price target on Citigroup from $52.00 to $46.00 in a research report on Friday, January 6th. StockNews.com initiated coverage on Citigroup in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Bank of America lifted their target price on shares of Citigroup from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, January 16th. Finally, Oppenheimer reduced their target price on shares of Citigroup from $87.00 to $83.00 and set an “outperform” rating for the company in a research report on Tuesday, January 17th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $57.42.

Citigroup Price Performance

C stock opened at $51.98 on Tuesday. Citigroup Inc. has a 52-week low of $40.01 and a 52-week high of $69.11. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 1.49. The stock has a market cap of $100.68 billion, a price-to-earnings ratio of 7.43, a price-to-earnings-growth ratio of 1.68 and a beta of 1.56. The business has a fifty day moving average of $46.94 and a two-hundred day moving average of $47.54.

Citigroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 24th. Investors of record on Monday, February 6th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date of this dividend is Friday, February 3rd. Citigroup’s payout ratio is 29.14%.

About Citigroup

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Citigroup, Inc is a holding company, which engages in the provision of financial products and services. It operates through the following segments: Global Consumer Banking, Institutional Clients Group, and Corporate and Other. The Global Consumer Banking segment provides traditional banking services to retail customers through retail banking, including commercial banking, and Citi-branded cards and Citi retail services.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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