Citigroup Inc. (NYSE:C) Shares Sold by QS Investors LLC

QS Investors LLC cut its stake in shares of Citigroup Inc. (NYSE:C) by 11.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 434,641 shares of the financial services provider’s stock after selling 54,526 shares during the quarter. QS Investors LLC’s holdings in Citigroup were worth $29,069,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. BlackRock Inc. raised its holdings 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 purchasing an additional 189,447,104 shares during the last quarter. Vanguard Group Inc. increased its holdings in Citigroup by 2.5% in the first 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 in the last quarter. FMR LLC increased its holdings in Citigroup by 3.8% in the second 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 in the last quarter. Bank of New York Mellon Corp increased its holdings in Citigroup by 6.8% in the second 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 in the last quarter. Finally, Northern Trust Corp increased its stake in shares of Citigroup by 3.1% during the second quarter. Northern Trust Corp now owns 34,097,795 shares of the financial services provider’s stock worth $2,280,461,000 after purchasing an additional 1,011,532 shares in the last quarter. 78.59% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Inc. (NYSE C) traded down $1.10 during trading on Wednesday, hitting $75.44. 16,471,598 shares of the company’s stock traded hands, compared to its average volume of 16,889,504. Citigroup Inc. has a one year low of $55.23 and a one year high of $77.92. The firm has a market cap of $203,852.55, a PE ratio of 14.85, a P/E/G ratio of 1.51 and a beta of 1.55. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.01 and a quick ratio of 1.01.

Citigroup (NYSE:C) last released its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $17.87 billion. During the same period last year, the company earned $1.24 EPS. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. equities research analysts predict that Citigroup Inc. will post 5.31 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Monday, November 6th were given a $0.32 dividend. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $1.28 annualized dividend and a dividend yield of 1.70%. Citigroup’s dividend payout ratio is presently 24.66%.

A number of analysts have recently commented on C shares. Atlantic Securities reissued an “overweight” rating and set a $85.00 target price (up previously from $75.00) on shares of Citigroup in a research note on Tuesday, September 26th. Bank of America reiterated a “neutral” rating on shares of Citigroup in a report on Wednesday, October 11th. Raymond James Financial began coverage on shares of Citigroup in a research note on Tuesday, October 31st. They issued a “hold” rating on the stock. Vetr downgraded shares of Citigroup from a “buy” rating to a “hold” rating and set a $76.38 target price on the stock. in a research note on Wednesday, November 29th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $65.00 price objective on shares of Citigroup in a research report on Friday, October 6th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $75.83.

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Citigroup Company 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.

Institutional Ownership by Quarter for Citigroup (NYSE:C)

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