Epoch Investment Partners Inc. Sells 27,400 Shares of Citigroup Inc. (C)

Epoch Investment Partners Inc. cut its holdings in Citigroup Inc. (NYSE:C) by 87.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,023 shares of the financial services provider’s stock after selling 27,400 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Citigroup were worth $269,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Analysts LLC increased its stake in Citigroup by 5.4% in the second quarter. Capital Analysts LLC now owns 45,844 shares of the financial services provider’s stock valued at $3,066,000 after purchasing an additional 2,367 shares during the period. Principal Financial Group Inc. increased its stake in shares of Citigroup by 5.2% during the second quarter. Principal Financial Group Inc. now owns 4,152,299 shares of the financial services provider’s stock worth $277,705,000 after acquiring an additional 205,298 shares during the period. BlackRock Inc. increased its stake in shares of Citigroup by 2,718.7% during the first quarter. BlackRock Inc. now owns 196,415,461 shares of the financial services provider’s stock worth $11,749,573,000 after acquiring an additional 189,447,104 shares during the period. Amalgamated Bank increased its stake in shares of Citigroup by 1.0% during the first quarter. Amalgamated Bank now owns 195,156 shares of the financial services provider’s stock worth $11,674,000 after acquiring an additional 1,937 shares during the period. Finally, Shelton Capital Management increased its stake in shares of Citigroup by 13.9% during the first quarter. Shelton Capital Management now owns 60,400 shares of the financial services provider’s stock worth $3,613,000 after acquiring an additional 7,384 shares during the period. Institutional investors own 78.15% of the company’s stock.

C has been the topic of a number of recent analyst reports. ValuEngine upgraded shares of Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Credit Suisse Group reissued a “buy” rating and set a $73.00 price objective on shares of Citigroup in a report on Wednesday, September 13th. Morgan Stanley boosted their price objective on shares of Citigroup from $73.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, October 13th. Jefferies Group LLC set a $81.00 price objective on shares of Citigroup and gave the stock a “neutral” rating in a report on Thursday, October 12th. Finally, BMO Capital Markets boosted their price objective on shares of Citigroup from $65.00 to $67.00 and gave the stock a “market perform” rating in a report on Friday, October 13th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $74.77.

Citigroup Inc. (NYSE:C) opened at $71.33 on Friday. Citigroup Inc. has a 52-week low of $54.98 and a 52-week high of $76.14. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $189,500.00, a P/E ratio of 13.78, a P/E/G ratio of 1.40 and a beta of 1.57.

Citigroup (NYSE:C) last released its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.10. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The company had revenue of $18.17 billion during the quarter, compared to analyst estimates of $17.87 billion. During the same quarter in the prior year, the business earned $1.24 earnings per share. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. equities research analysts expect that Citigroup Inc. will post 5.31 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Monday, November 6th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Friday, November 3rd. Citigroup’s payout ratio is currently 24.66%.

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Citigroup 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.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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