Citigroup Inc. (NYSE:C) Shares Acquired by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board lifted its holdings in shares of Citigroup Inc. (NYSE:CFree Report) by 7.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 101,326 shares of the company’s stock after buying an additional 7,200 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Citigroup were worth $4,168,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Meridian Wealth Management LLC grew its holdings in Citigroup by 130.4% in the 3rd quarter. Meridian Wealth Management LLC now owns 175,576 shares of the company’s stock valued at $7,221,000 after buying an additional 99,371 shares in the last quarter. Capital Research Global Investors grew its holdings in Citigroup by 47.0% in the 2nd quarter. Capital Research Global Investors now owns 12,473,605 shares of the company’s stock valued at $574,285,000 after buying an additional 3,986,558 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in Citigroup by 128.3% in the 2nd quarter. Exchange Traded Concepts LLC now owns 306,668 shares of the company’s stock valued at $14,119,000 after buying an additional 172,364 shares in the last quarter. Kestra Private Wealth Services LLC grew its holdings in Citigroup by 17.1% in the 2nd quarter. Kestra Private Wealth Services LLC now owns 60,384 shares of the company’s stock valued at $2,780,000 after buying an additional 8,821 shares in the last quarter. Finally, YHB Investment Advisors Inc. grew its holdings in Citigroup by 1.7% in the 2nd quarter. YHB Investment Advisors Inc. now owns 52,151 shares of the company’s stock valued at $2,401,000 after buying an additional 886 shares in the last quarter. 69.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on C. Barclays upped their target price on Citigroup from $59.00 to $63.00 and gave the company an “equal weight” rating in a report on Tuesday, January 2nd. Evercore ISI lowered their price target on Citigroup from $51.00 to $49.00 in a report on Thursday, October 5th. Daiwa Capital Markets raised Citigroup from a “neutral” rating to a “buy” rating and set a $63.00 target price on the stock in a research note on Monday, December 18th. Royal Bank of Canada decreased their target price on Citigroup from $51.00 to $47.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 20th. Finally, Jefferies Financial Group reduced their price target on Citigroup from $47.00 to $43.00 in a research report on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $55.21.

Get Our Latest Stock Analysis on C

Citigroup Trading Down 1.0 %

C opened at $51.38 on Thursday. The business’s 50-day simple moving average is $48.82 and its 200-day simple moving average is $44.93. The company has a market cap of $98.33 billion, a P/E ratio of 12.88, a PEG ratio of 1.63 and a beta of 1.57. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.94 and a current ratio of 0.95. Citigroup Inc. has a one year low of $38.17 and a one year high of $54.75.

Citigroup (NYSE:CGet Free Report) last released its quarterly earnings results on Friday, January 12th. The company reported ($1.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($1.89). The firm had revenue of $17.44 billion for the quarter, compared to analysts’ expectations of $18.71 billion. Citigroup had a return on equity of 6.49% and a net margin of 5.88%. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.10 EPS. As a group, equities research analysts expect that Citigroup Inc. will post 5.96 EPS for the current fiscal year.

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 5th will be paid a dividend of $0.53 per share. The ex-dividend date is Friday, February 2nd. This represents a $2.12 dividend on an annualized basis and a yield of 4.13%. Citigroup’s dividend payout ratio is presently 53.13%.

Citigroup Company Profile

(Free Report)

Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. It operates through three segments: Institutional Clients Group (ICG), Personal Banking and Wealth Management (PBWM), and Legacy Franchises.

Featured Stories

Institutional Ownership by Quarter for Citigroup (NYSE:C)

Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.