Citigroup Inc. $C Stock Holdings Reduced by Letko Brosseau & Associates Inc.

Letko Brosseau & Associates Inc. lowered its stake in Citigroup Inc. (NYSE:C) by 2.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 593,893 shares of the company’s stock after selling 15,155 shares during the quarter. Letko Brosseau & Associates Inc.’s holdings in Citigroup were worth $76,897,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in C. State Street Corp raised its holdings in shares of Citigroup by 3.7% during the 2nd quarter. State Street Corp now owns 80,956,349 shares of the company’s stock worth $11,199,986,000 after acquiring an additional 2,913,701 shares in the last quarter. Bank of America Corp DE increased its holdings in Citigroup by 2.8% during the 1st quarter. Bank of America Corp DE now owns 26,869,012 shares of the company’s stock worth $3,047,215,000 after purchasing an additional 728,043 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of Citigroup during the second quarter valued at $3,244,602,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Citigroup by 10.7% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,467,857 shares of the company’s stock valued at $1,745,001,000 after purchasing an additional 1,210,006 shares in the last quarter. Finally, Amundi raised its stake in Citigroup by 3.2% in the first quarter. Amundi now owns 12,126,823 shares of the company’s stock worth $1,375,303,000 after buying an additional 374,840 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

More Citigroup News

Here’s some of the latest news about C:

• Positive Sentiment: Citi is redesigning 100 processes as it adopts AI, a potentially meaningful efficiency initiative. The accompanying survey found only 13% of banking professionals say their institutions typically redesign workflows end to end when adopting AI, suggesting Citi’s effort could help distinguish its transformation if it delivers results. Exclusive research: Citi is redesigning 100 processes. What’s stopping others?
• Neutral Sentiment: Citi will redeem $1 billion of its 4.15% Series Y preferred stock, ending dividend accrual on November 15. The move simplifies its capital structure, but the report does not establish a material effect on common-share earnings or capital. Citigroup (C) Redeems Preferred Stock
• Neutral Sentiment: A post-earnings update says shares were up 1.6% since Citi’s latest report and points investors to earnings estimates for clues about future performance; it offers no fresh results or guidance. Citigroup (C) Up 1.6% Since Last Earnings Report: Can It Continue?

Citigroup Trading Down 0.1%

C opened at $124.09 on Friday. Citigroup Inc. has a 12 month low of $95.83 and a 12 month high of $147.96. The business has a fifty day moving average price of $128.15 and a 200 day moving average price of $126.77. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $211.65 billion, a price-to-earnings ratio of 12.11, a PEG ratio of 0.55 and a beta of 1.18.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, October 13th. The company reported $2.85 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $0.19. The business had revenue of $23.84 billion for the quarter, compared to analysts’ expectations of $23.74 billion. Citigroup had a return on equity of 10.57% and a net margin of 10.97%. The business’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.86 earnings per share. Sell-side analysts expect that Citigroup Inc. will post 11.44 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Monday, November 2nd will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Monday, November 2nd. Citigroup’s dividend payout ratio (DPR) is presently 26.15%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on C. Weiss Ratings lowered Citigroup from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, October 2nd. Evercore set a $135.00 price target on shares of Citigroup in a report on Wednesday, October 14th. Zacks Research lowered shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 14th. HSBC started coverage on shares of Citigroup in a report on Monday, September 28th. They issued a “buy” rating and a $164.00 price target for the company. Finally, Royal Bank Of Canada dropped their price target on Citigroup from $150.00 to $135.00 and set an “outperform” rating for the company in a research report on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Citigroup has a consensus rating of “Moderate Buy” and an average price target of $150.87.

Citigroup Company Profile

Citigroup Inc. is a global financial services company headquartered in New York City. Founded in 1812 as the City Bank of New York, it has grown into an international banking organization serving individuals, businesses, governments and institutions. The company provides consumer banking and wealth management services, including deposits, lending, credit cards and investment services. For corporate and institutional clients, Citi offers transaction banking, treasury and trade solutions, securities services, investment banking, and markets and financing services.