Fjarde AP Fonden Fourth Swedish National Pension Fund Has $43.29 Million Position in Citigroup Inc. (C)

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in Citigroup Inc. (NYSE:C) by 12.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 647,288 shares of the financial services provider’s stock after purchasing an additional 71,508 shares during the quarter. Citigroup comprises about 0.9% of Fjarde AP Fonden Fourth Swedish National Pension Fund’s portfolio, making the stock its 18th largest holding. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Citigroup were worth $43,291,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in C. BlackRock Inc. raised its position in Citigroup by 2,718.7% during the 1st quarter. BlackRock Inc. now owns 196,415,461 shares of the financial services provider’s stock worth $11,749,573,000 after buying an additional 189,447,104 shares during the last quarter. FMR LLC raised its position in Citigroup by 18.2% during the 1st quarter. FMR LLC now owns 105,742,815 shares of the financial services provider’s stock worth $6,325,535,000 after buying an additional 16,257,931 shares during the last quarter. Harris Associates L P raised its position in Citigroup by 25.9% during the 1st quarter. Harris Associates L P now owns 41,129,780 shares of the financial services provider’s stock worth $2,460,384,000 after buying an additional 8,464,257 shares during the last quarter. Pioneer Investment Management Inc. raised its position in Citigroup by 2,317.8% during the 2nd quarter. Pioneer Investment Management Inc. now owns 5,002,029 shares of the financial services provider’s stock worth $334,536,000 after buying an additional 4,795,145 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Citigroup by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 183,198,941 shares of the financial services provider’s stock worth $10,958,960,000 after buying an additional 4,391,347 shares during the last quarter. 72.16% of the stock is owned by hedge funds and other institutional investors.



In related news, insider Jeffrey R. Walsh sold 5,000 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $68.97, for a total transaction of $344,850.00. Following the sale, the insider now owns 56,394 shares of the company’s stock, valued at $3,889,494.18. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Francisco Aristeguieta sold 40,000 shares of the stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $67.55, for a total value of $2,702,000.00. Following the sale, the chief executive officer now directly owns 77,570 shares in the company, valued at approximately $5,239,853.50. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

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A number of equities analysts have issued reports on the stock. BidaskClub lowered shares of Citigroup from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 17th. Societe Generale lowered shares of Citigroup from a “hold” rating to a “sell” rating and set a $65.00 price target for the company. in a research report on Monday, October 16th. Nomura raised their price target on shares of Citigroup from $80.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, October 13th. Morgan Stanley raised their price target on shares of Citigroup from $73.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, October 13th. Finally, Royal Bank Of Canada raised their price target on shares of Citigroup from $75.00 to $79.00 and gave the stock an “outperform” rating in a research report on Friday, October 13th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $74.77.

Shares of Citigroup Inc. (NYSE C) opened at 73.87 on Friday. Citigroup Inc. has a 52 week low of $47.70 and a 52 week high of $76.14. The firm has a market cap of $195.31 billion, a PE ratio of 14.26 and a beta of 1.45. The firm’s 50-day moving average is $71.88 and its 200 day moving average is $66.15.

Citigroup (NYSE:C) last posted its earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.10. The company had revenue of $18.17 billion for the quarter, compared to analyst estimates of $17.87 billion. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. Citigroup’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.24 earnings per share. Equities research analysts forecast that Citigroup Inc. will post $5.32 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Monday, November 6th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Friday, November 3rd. Citigroup’s dividend payout ratio (DPR) is 24.66%.

About Citigroup

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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