Deprince Race & Zollo Inc. decreased its holdings in shares of Citigroup Inc (NYSE:C) by 18.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,800 shares of the financial services provider's stock after selling 2,500 shares during the quarter. PGGM Investments owned about 0.05% of Citigroup worth $96,525,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Halbert Hargrove Russell LLC increased its position in Citigroup by 1.6% during 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 acquiring an additional 4,061,637 shares in the last quarter. Buckingham Asset Management LLC grew its stake in shares of Citigroup by 2.3% in the second quarter. Leisure Capital Management now owns 3,763 shares of the financial services provider's stock worth $252,000 after purchasing an additional 59 shares in the last quarter. Pinnacle Associates Ltd. boosted its position in Citigroup by 13.4% during the second quarter. Principal Financial Group Inc. now owns 4,869,619 shares of the financial services provider's stock worth $354,216,000 after purchasing an additional 717,320 shares during the period. Boston Partners lifted its position in shares of Citigroup by 3.4% during the third quarter. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.19 by $0.09. Moreover, Pennsylvania Trust has 0.45% invested in Citigroup Inc. Ameriprise Financial Inc. now owns 24,118,886 shares of the financial services provider's stock worth $1,754,343,000 after acquiring an additional 1,091,989 shares in the last quarter. Citigroup Inc. (NYSE:C) has risen 35.60% since February 23, 2017 and is uptrending. Oarsman Capital Inc sold 10,396 shares as the company's stock rose 1.55% with the market. The company has a market capitalization of $197,889.98, a PE ratio of 14.45, a price-to-earnings-growth ratio of 1.12 and a beta of 1.54. Citigroup Inc has a one year low of $56.55 and a one year high of $80.70.
Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, January 16th. The business had revenue of $17.26 billion for the quarter, compared to analyst estimates of $17.23 billion. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.60%. During the same quarter in the prior year, the company earned $1.14 earnings per share. During the same period last year, the firm earned $1.14 earnings per share. analysts predict that Citigroup Inc will post 6.4 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $1.28 annualized dividend and a dividend yield of 1.66%. Citigroup's dividend payout ratio is now 23.06%.
C has been the topic of a number of recent analyst reports. Nomura boosted their price objective on shares of Citigroup to $84.00 and gave the company a "buy" rating in a research report on Monday, December 11th. The rating was upgraded by Citigroup to "Buy" on Friday, December 11. Vetr cut shares of Citigroup from a "sell" rating to a "strong sell" rating and set a $70.80 price objective for the company.in a research report on Monday, January 29th. Deutsche Bank set a $74.00 target price on Citigroup and gave the company a "neutral" rating in a research note on Wednesday, January 17th. The institutional investor held 69,118 shares of the major banks company at the end of 2017Q3, valued at $5.03M, down from 79,514 at the end of the previous reported quarter. The stock has "Buy" rating by BMO Capital Markets on Thursday, June 1.
TRADEMARK VIOLATION NOTICE: "Citigroup Inc (C) Stake Lessened by Summit Securities Group LLC" was published by registrarjournal.com and is owned by of registrarjournal.com. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of USA & worldwide trademark & copyright legislation. The correct version of this report can be viewed at https://www.equitiesfocus.com/2018/02/22/allied-investment-advisors-llc-invests-205000-in-citigroup-inc-c.html. Midwest Investment Management Llc who had been investing in Citigroup Inc Com for a number of months, seems to be bullish on the $198.36B market cap 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.