25,743 Shares in Citigroup Inc (C) Purchased by Nicholas Investment Partners LP

Nicholas Investment Partners LP bought a new stake in Citigroup Inc (NYSE:C) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 25,743 shares of the financial services provider’s stock, valued at approximately $1,873,000.

Other large investors also recently added to or reduced their stakes in the company. FMR LLC increased its position in Citigroup by 3.8% during the second 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 during the last quarter. Bank of New York Mellon Corp increased its position in Citigroup by 6.8% during the second 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 during the last quarter. Harris Associates L P increased its position in Citigroup by 0.5% during the second 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 during the last quarter. Northern Trust Corp increased its position in Citigroup by 3.1% during the second 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 during the last quarter. Finally, Boston Partners increased its position in Citigroup by 3.4% during the third 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 during the last quarter. 78.61% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods cut Citigroup from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $90.00 to $82.00 in a report on Tuesday, January 16th. Jefferies Group restated a “hold” rating and set a $83.00 price objective on shares of Citigroup in a report on Tuesday, January 16th. Deutsche Bank set a $74.00 price objective on Citigroup and gave the stock a “neutral” rating in a report on Wednesday, January 17th. Wells Fargo & Co set a $100.00 price objective on Citigroup and gave the stock a “buy” rating in a report on Wednesday, January 17th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $85.00 price objective on shares of Citigroup in a report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Citigroup presently has a consensus rating of “Buy” and an average target price of $79.30.

Citigroup Inc (NYSE C) opened at $78.30 on Monday. Citigroup Inc has a 1 year low of $55.23 and a 1 year high of $78.44. The company has a market cap of $201,230.98, a P/E ratio of -25.26, a price-to-earnings-growth ratio of 1.49 and a beta of 1.56. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.01 and a current ratio of 1.01.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be given a dividend of $0.32 per share. The ex-dividend date is Friday, February 2nd. This represents a $1.28 annualized dividend and a yield of 1.63%. Citigroup’s dividend payout ratio is currently -41.29%.

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Citigroup Company Profile

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.

Institutional Ownership by Quarter for Citigroup (NYSE:C)

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