California Public Employees Retirement System Decreases Position in Citigroup Inc. (C)

California Public Employees Retirement System decreased its position in shares of Citigroup Inc. (NYSE:C) by 3.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,507,879 shares of the financial services provider’s stock after selling 262,700 shares during the period. Citigroup comprises 0.8% of California Public Employees Retirement System’s investment portfolio, making the stock its 16th biggest position. California Public Employees Retirement System owned approximately 0.28% of Citigroup worth $502,127,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of C. Private Advisor Group LLC lifted its stake in Citigroup by 38.8% during the 1st quarter. Private Advisor Group LLC now owns 73,965 shares of the financial services provider’s stock worth $3,513,000 after acquiring an additional 20,688 shares in the last quarter. Chatham Capital Group Inc. acquired a new position in Citigroup during the 1st quarter worth about $275,000. Pinnacle Associates Ltd. lifted its stake in Citigroup by 19.3% during the 1st quarter. Pinnacle Associates Ltd. now owns 473,409 shares of the financial services provider’s stock worth $28,319,000 after acquiring an additional 76,642 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH lifted its stake in Citigroup by 8.7% during the 1st quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 334,884 shares of the financial services provider’s stock worth $20,189,000 after acquiring an additional 26,827 shares in the last quarter. Finally, Meiji Yasuda Life Insurance Co increased its holdings in Citigroup by 9.1% during the 1st quarter. Meiji Yasuda Life Insurance Co now owns 98,768 shares of the financial services provider’s stock worth $5,908,000 after purchasing an additional 8,200 shares during the period. 78.15% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have weighed in on the company. set a $74.00 price target on Citigroup and gave the stock a “hold” rating in a report on Friday, August 11th. Societe Generale upgraded Citigroup from a “sell” rating to a “hold” rating and upped their price target for the stock from $63.00 to $70.00 in a report on Monday, September 11th. Royal Bank Of Canada restated a “buy” rating and set a $75.00 price target on shares of Citigroup in a report on Wednesday, September 27th. Vetr downgraded Citigroup from a “strong-buy” rating to a “buy” rating and set a $76.22 price target on the stock. in a report on Monday, July 31st. Finally, Credit Suisse Group restated an “outperform” rating and set a $76.00 price target (up previously from $70.00) on shares of Citigroup in a report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $74.77.

Shares of Citigroup Inc. (NYSE C) opened at $71.53 on Wednesday. Citigroup Inc. has a 1 year low of $53.71 and a 1 year high of $76.14. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market capitalization of $190,341.69, a P/E ratio of 13.87, a price-to-earnings-growth ratio of 1.41 and a beta of 1.57.

Citigroup (NYSE:C) last posted its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.10. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The company had revenue of $18.17 billion during the quarter, compared to analysts’ expectations of $17.87 billion. During the same period last year, the firm earned $1.24 EPS. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. equities analysts predict that Citigroup Inc. will post 5.31 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Monday, November 6th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 1.79%. Citigroup’s payout ratio is 24.66%.

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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.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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