Tiaa Fsb Acquires 65,621 Shares of Citigroup Inc. (C)

Tiaa Fsb lifted its holdings in Citigroup Inc. (NYSE:C) by 76.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 151,861 shares of the financial services provider’s stock after acquiring an additional 65,621 shares during the period. Tiaa Fsb’s holdings in Citigroup were worth $11,046,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in C. Catamount Wealth Management purchased a new position in shares of Citigroup in the second quarter valued at $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in shares of Citigroup by 206.0% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 1,030 shares during the period. Patten Group Inc. boosted its stake in shares of Citigroup by 6.6% in the first quarter. Patten Group Inc. now owns 1,765 shares of the financial services provider’s stock valued at $105,000 after purchasing an additional 110 shares during the period. Balentine LLC boosted its stake in Citigroup by 20.2% during the 2nd quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 272 shares during the last quarter. Finally, Acrospire Investment Management LLC boosted its stake in Citigroup by 21.4% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock valued at $114,000 after acquiring an additional 300 shares during the last quarter. 78.59% of the stock is owned by institutional investors.

Shares of Citigroup Inc. (NYSE C) opened at $75.85 on Tuesday. 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 Inc. has a twelve month low of $55.23 and a twelve month high of $77.92. The firm has a market cap of $200,177.39, a PE ratio of 14.59, a P/E/G ratio of 1.48 and a beta of 1.55.

Citigroup (NYSE:C) last released its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $18.17 billion for the quarter, compared to analysts’ expectations of $17.87 billion. During the same quarter last year, the company earned $1.24 EPS. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. analysts expect that Citigroup Inc. will post 5.31 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Monday, November 6th were issued a $0.32 dividend. The ex-dividend date was Friday, November 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.69%. Citigroup’s dividend payout ratio (DPR) is presently 24.66%.

A number of research firms have commented on C. Raymond James Financial began coverage on shares of Citigroup in a research note on Tuesday, October 31st. They set a “hold” rating on the stock. Morgan Stanley increased their price objective on shares of Citigroup from $73.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, October 13th. BidaskClub upgraded shares of Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 10th. Deutsche Bank reiterated a “hold” rating and set a $67.00 price objective (up from $61.00) on shares of Citigroup in a research note on Tuesday, September 26th. Finally, Societe Generale downgraded shares of Citigroup from a “hold” rating to a “sell” rating and set a $65.00 price objective on the stock. in a research note on Monday, October 16th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $75.97.

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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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