Citigroup Inc. (C) Holdings Lowered by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board decreased its stake in shares of Citigroup Inc. (NYSE:C) by 76.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 247,364 shares of the financial services provider’s stock after selling 788,930 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Citigroup were worth $16,544,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of C. Catamount Wealth Management acquired a new stake in shares of Citigroup in the second quarter worth $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position 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 worth $102,000 after acquiring an additional 1,030 shares in the last quarter. Patten Group Inc. increased its position 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 worth $105,000 after acquiring an additional 110 shares in the last quarter. Dubuque Bank & Trust Co. increased its position in shares of Citigroup by 60.8% in the second quarter. Dubuque Bank & Trust Co. now owns 1,584 shares of the financial services provider’s stock worth $106,000 after acquiring an additional 599 shares in the last quarter. Finally, Acrospire Investment Management LLC increased its position in shares of Citigroup by 21.4% in the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 300 shares in the last quarter. 78.59% of the stock is owned by hedge funds and other institutional investors.

A number of research firms recently weighed in on C. Keefe, Bruyette & Woods set a $75.00 price target on shares of Citigroup and gave the company a “buy” rating in a report on Sunday, August 13th. Vetr lowered shares of Citigroup from a “buy” rating to a “hold” rating and set a $76.38 price target for the company. in a report on Wednesday, November 29th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Citigroup in a report on Monday, October 2nd. Raymond James Financial reaffirmed an “underperform” rating on shares of Citigroup in a report on Wednesday, September 27th. Finally, Deutsche Bank reaffirmed a “hold” rating and set a $67.00 price target (up from $61.00) on shares of Citigroup in a report on Tuesday, September 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 one has given a strong buy rating to the company’s stock. Citigroup presently has an average rating of “Buy” and a consensus price target of $75.61.

Citigroup Inc. (NYSE:C) traded up $1.59 during mid-day trading on Monday, hitting $77.10. 23,126,984 shares of the company were exchanged, compared to its average volume of 16,894,850. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.01 and a current ratio of 1.01. Citigroup Inc. has a 1-year low of $55.23 and a 1-year high of $77.92. The firm has a market cap of $204,170.00, a PE ratio of 14.55, a PEG 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 fiscal 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 of this dividend was Friday, November 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.66%. Citigroup’s dividend payout ratio (DPR) is presently 24.66%.

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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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