Citigroup Inc. (NYSE:C) Stock Holdings Increased by KBC Group NV

KBC Group NV lifted its holdings in Citigroup Inc. (NYSE:C) by 1.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,138,511 shares of the company’s stock after purchasing an additional 20,291 shares during the quarter. KBC Group NV owned 0.06% of Citigroup worth $71,270,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. TD Asset Management Inc boosted its stake in Citigroup by 12.5% during the 1st quarter. TD Asset Management Inc now owns 1,089,087 shares of the company’s stock valued at $68,874,000 after purchasing an additional 121,432 shares in the last quarter. TBH Global Asset Management LLC acquired a new position in Citigroup during the first quarter worth about $289,000. Beacon Investment Advisory Services Inc. bought a new stake in Citigroup in the first quarter worth about $271,000. HBK Sorce Advisory LLC raised its position in Citigroup by 31.8% in the first quarter. HBK Sorce Advisory LLC now owns 9,443 shares of the company’s stock worth $597,000 after acquiring an additional 2,278 shares in the last quarter. Finally, Blair William & Co. IL boosted its position in shares of Citigroup by 0.7% during the 1st quarter. Blair William & Co. IL now owns 146,149 shares of the company’s stock valued at $9,242,000 after purchasing an additional 1,074 shares in the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Citigroup Price Performance

Shares of NYSE:C opened at $68.89 on Thursday. The firm has a market capitalization of $130.29 billion, a PE ratio of 19.97, a PEG ratio of 0.77 and a beta of 1.44. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.55. Citigroup Inc. has a 1-year low of $43.10 and a 1-year high of $70.20. The business’s 50 day moving average is $62.87 and its 200-day moving average is $62.51.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.20. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The business had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.86 billion. During the same period in the previous year, the business earned $1.52 EPS. The firm’s revenue was up .9% on a year-over-year basis. Sell-side analysts predict that Citigroup Inc. will post 5.85 earnings per share for the current year.

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 3.25%. The ex-dividend date is Monday, November 4th. Citigroup’s payout ratio is 64.93%.

Wall Street Analysts Forecast Growth

C has been the topic of a number of research reports. Morgan Stanley dropped their target price on Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Barclays lifted their target price on shares of Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Oppenheimer boosted their price target on shares of Citigroup from $91.00 to $107.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Bank of America increased their price objective on Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Finally, The Goldman Sachs Group lowered their target price on Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Citigroup has an average rating of “Moderate Buy” and an average target price of $72.06.

Citigroup Company Profile

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.