Picton Mahoney Asset Management Invests $7.01 Million in Citigroup Inc. (C)

Picton Mahoney Asset Management bought a new stake in Citigroup Inc. (NYSE:C) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 104,900 shares of the financial services provider’s stock, valued at approximately $7,014,000.

Several other institutional investors have also made changes to their positions in C. BlackRock Inc. grew its position in Citigroup by 2,718.7% in the 1st quarter. BlackRock Inc. now owns 196,415,461 shares of the financial services provider’s stock valued at $11,749,573,000 after buying an additional 189,447,104 shares during the last quarter. Vanguard Group Inc. grew its position in Citigroup by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 183,198,941 shares of the financial services provider’s stock valued at $10,958,960,000 after buying an additional 4,391,347 shares during the last quarter. FMR LLC grew its position in Citigroup by 3.8% in the 2nd quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock valued at $7,343,721,000 after buying an additional 4,061,637 shares during the last quarter. Bank of New York Mellon Corp grew its position in Citigroup by 6.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 46,110,561 shares of the financial services provider’s stock valued at $3,083,874,000 after buying an additional 2,943,282 shares during the last quarter. Finally, Harris Associates L P grew its position in Citigroup by 0.5% in the 2nd quarter. Harris Associates L P now owns 41,350,951 shares of the financial services provider’s stock valued at $2,765,551,000 after buying an additional 221,171 shares during the last quarter. 77.98% of the stock is currently owned by institutional investors and hedge funds.



Citigroup Inc. (C) opened at $72.38 on Wednesday. Citigroup Inc. has a one year low of $55.23 and a one year high of $76.14. The firm has a market cap of $190,500.34, a PE ratio of 13.88, a P/E/G ratio of 1.41 and a beta of 1.57. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.11.

Citigroup (NYSE:C) last announced its earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share for the quarter, beating 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 firm had revenue of $18.17 billion during the quarter, compared to the consensus estimate of $17.87 billion. During the same quarter in the previous year, the company posted $1.24 EPS. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. equities analysts expect that Citigroup Inc. will post 5.31 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Monday, November 6th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend is Friday, November 3rd. Citigroup’s payout ratio is 24.66%.

C has been the topic of a number of analyst reports. Atlantic Securities reiterated an “overweight” rating and issued a $85.00 price objective (up from $75.00) on shares of Citigroup in a research report on Tuesday, September 26th. Bank of America Corporation reiterated a “neutral” rating on shares of Citigroup in a research report on Wednesday, October 11th. Vetr upgraded shares of Citigroup from a “buy” rating to a “strong-buy” rating and set a $76.34 price objective on the stock in a research report on Thursday, August 3rd. BMO Capital Markets reiterated a “hold” rating and issued a $65.00 price objective on shares of Citigroup in a research report on Friday, October 6th. Finally, Raymond James Financial, Inc. initiated coverage on shares of Citigroup in a research report on Tuesday, October 31st. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $75.61.

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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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