Citigroup Inc (C) Shares Bought by Ninepoint Partners LP

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Ninepoint Partners LP increased its position in Citigroup Inc (NYSE:C) by 3.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 226,100 shares of the financial services provider’s stock after acquiring an additional 7,500 shares during the period. Citigroup makes up 2.8% of Ninepoint Partners LP’s portfolio, making the stock its 8th biggest position. Ninepoint Partners LP’s holdings in Citigroup were worth $16,220,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. LSV Asset Management increased its holdings in shares of Citigroup by 2.7% in the 2nd quarter. LSV Asset Management now owns 13,634,855 shares of the financial services provider’s stock worth $912,444,000 after acquiring an additional 352,801 shares during the period. CapWealth Advisors LLC increased its holdings in shares of Citigroup by 4.6% in the 2nd quarter. CapWealth Advisors LLC now owns 294,351 shares of the financial services provider’s stock worth $19,698,000 after acquiring an additional 12,868 shares during the period. Capital Investment Advisors LLC increased its holdings in shares of Citigroup by 1.2% in the 3rd quarter. Capital Investment Advisors LLC now owns 77,287 shares of the financial services provider’s stock worth $5,545,000 after acquiring an additional 939 shares during the period. Senvest Management LLC acquired a new stake in shares of Citigroup in the 2nd quarter worth about $4,618,000. Finally, MUFG Americas Holdings Corp increased its holdings in shares of Citigroup by 1.3% in the 2nd quarter. MUFG Americas Holdings Corp now owns 292,588 shares of the financial services provider’s stock worth $19,580,000 after acquiring an additional 3,681 shares during the period. 74.84% of the stock is currently owned by institutional investors and hedge funds.

In other Citigroup news, CEO Francisco Aristeguieta sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $72.36, for a total value of $1,085,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.11% of the company’s stock.

A number of equities analysts recently issued reports on C shares. ValuEngine lowered shares of Citigroup from a “hold” rating to a “sell” rating in a research report on Wednesday, August 15th. Royal Bank of Canada reiterated a “buy” rating and issued a $85.00 target price on shares of Citigroup in a research report on Monday, July 16th. Morgan Stanley decreased their target price on shares of Citigroup from $88.00 to $84.00 and set an “overweight” rating for the company in a research report on Monday, July 16th. Wolfe Research started coverage on shares of Citigroup in a research report on Tuesday, September 25th. They issued an “outperform” rating for the company. Finally, Vining Sparks reiterated a “buy” rating and issued a $77.00 target price on shares of Citigroup in a research report on Tuesday, October 9th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and fifteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $82.91.

NYSE:C opened at $64.35 on Tuesday. Citigroup Inc has a twelve month low of $63.18 and a twelve month high of $80.70. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market cap of $165.02 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 0.84 and a beta of 1.46.

Citigroup (NYSE:C) last posted its quarterly earnings data on Friday, October 12th. The financial services provider reported $1.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.66 by $0.07. Citigroup had a negative net margin of 4.81% and a positive return on equity of 9.42%. The company had revenue of $18.39 billion during the quarter, compared to analyst estimates of $18.43 billion. During the same quarter last year, the firm posted $1.42 EPS. Equities research analysts expect that Citigroup Inc will post 6.69 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 21st. Stockholders of record on Monday, November 5th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, November 2nd. This represents a $1.80 annualized dividend and a dividend yield of 2.80%. Citigroup’s dividend payout ratio (DPR) is 33.77%.

About Citigroup

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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