Citigroup Inc (NYSE:C) Position Lifted by Ancora Advisors LLC

Ancora Advisors LLC raised its holdings in shares of Citigroup Inc (NYSE:C) by 8.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,292 shares of the financial services provider’s stock after acquiring an additional 3,283 shares during the quarter. Ancora Advisors LLC’s holdings in Citigroup were worth $2,201,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the business. Bank of New York Mellon Corp increased its stake in shares of Citigroup by 96,369.8% during the third quarter. Bank of New York Mellon Corp now owns 41,578,475 shares of the financial services provider’s stock worth $2,982,839,000 after purchasing an additional 41,535,375 shares in the last quarter. CI Investments Inc. grew its stake in Citigroup by 5.6% during the 3rd quarter. CI Investments Inc. now owns 1,599,257 shares of the financial services provider’s stock valued at $114,731,000 after acquiring an additional 84,800 shares in the last quarter. Integrated Wealth Concepts LLC grew its stake in Citigroup by 24.6% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 3,986 shares of the financial services provider’s stock valued at $287,000 after acquiring an additional 788 shares in the last quarter. Channing Capital Management LLC grew its stake in Citigroup by 13.4% during the 3rd quarter. Channing Capital Management LLC now owns 142,125 shares of the financial services provider’s stock valued at $10,196,000 after acquiring an additional 16,769 shares in the last quarter. Finally, InterOcean Capital LLC grew its stake in Citigroup by 10.8% during the 3rd quarter. InterOcean Capital LLC now owns 8,007 shares of the financial services provider’s stock valued at $574,000 after acquiring an additional 780 shares in the last quarter. Hedge funds and other institutional investors own 71.30% of the company’s stock.

Several equities analysts have weighed in on C shares. ValuEngine upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a report on Thursday, April 18th. Zacks Investment Research upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. UBS Group boosted their target price on shares of Citigroup from $78.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Morgan Stanley boosted their target price on shares of Citigroup from $76.00 to $81.00 and gave the company an “overweight” rating in a report on Tuesday, April 16th. Finally, BMO Capital Markets boosted their target price on shares of Citigroup from $92.00 to $93.00 and gave the company an “outperform” rating in a report on Monday, April 15th. Five equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $80.61.

In other news, CEO Stephen Bird sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $69.33, for a total value of $2,079,900.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider W. Bradford Hu sold 5,420 shares of the company’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $64.27, for a total transaction of $348,343.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,420 shares of company stock worth $2,870,923. Company insiders own 0.09% of the company’s stock.

Shares of C stock traded down $0.37 during trading hours on Wednesday, hitting $68.83. The company had a trading volume of 9,154,028 shares, compared to its average volume of 16,600,045. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.99 and a current ratio of 1.01. Citigroup Inc has a fifty-two week low of $48.42 and a fifty-two week high of $75.24. The firm has a market cap of $178.13 billion, a P/E ratio of 10.35, a P/E/G ratio of 0.80 and a beta of 1.67.

Citigroup (NYSE:C) last issued its quarterly earnings data on Monday, April 15th. The financial services provider reported $1.87 EPS for the quarter, topping the consensus estimate of $1.78 by $0.09. Citigroup had a net margin of 18.32% and a return on equity of 10.05%. The firm had revenue of $18.58 billion for the quarter, compared to analyst estimates of $18.56 billion. During the same period in the prior year, the business posted $1.68 EPS. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, research analysts predict that Citigroup Inc will post 7.55 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 6th will be issued a $0.45 dividend. The ex-dividend date is Friday, May 3rd. This represents a $1.80 annualized dividend and a dividend yield of 2.62%. Citigroup’s dividend payout ratio is currently 27.07%.

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Citigroup Company Profile

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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