Citigroup Inc (C) Holdings Boosted by KBC Group NV

KBC Group NV grew its holdings in shares of Citigroup Inc (NYSE:C) by 86.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,257,388 shares of the financial services provider’s stock after purchasing an additional 581,535 shares during the period. Citigroup makes up about 0.8% of KBC Group NV’s holdings, making the stock its 17th biggest position. KBC Group NV’s holdings in Citigroup were worth $91,463,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Leisure Capital Management grew its holdings in shares of Citigroup by 1.6% in the 2nd quarter. Leisure Capital Management now owns 3,763 shares of the financial services provider’s stock worth $252,000 after acquiring an additional 59 shares during the period. Halbert Hargrove Russell LLC grew its holdings in shares of Citigroup by 1.6% in the 2nd quarter. Halbert Hargrove Russell LLC now owns 4,736 shares of the financial services provider’s stock worth $317,000 after acquiring an additional 74 shares during the period. Usca Ria LLC grew its holdings in shares of Citigroup by 0.3% in the 2nd quarter. Usca Ria LLC now owns 34,375 shares of the financial services provider’s stock worth $2,299,000 after acquiring an additional 90 shares during the period. Davis R M Inc. grew its holdings in shares of Citigroup by 2.2% in the 2nd quarter. Davis R M Inc. now owns 4,250 shares of the financial services provider’s stock worth $284,000 after acquiring an additional 92 shares during the period. Finally, Hartland & Co. LLC grew its holdings in shares of Citigroup by 1.2% in the 2nd quarter. Hartland & Co. LLC now owns 8,280 shares of the financial services provider’s stock worth $554,000 after acquiring an additional 97 shares during the period. Institutional investors own 78.53% of the company’s stock.

C has been the topic of a number of research reports. BidaskClub upgraded Citigroup from a “hold” rating to a “buy” rating in a report on Thursday, September 21st. Atlantic Securities restated an “overweight” rating and issued a $85.00 price target (up previously from $75.00) on shares of Citigroup in a report on Tuesday, September 26th. Deutsche Bank restated a “hold” rating and issued a $67.00 price target (up previously from $61.00) on shares of Citigroup in a report on Tuesday, September 26th. Raymond James Financial restated an “underperform” rating on shares of Citigroup in a report on Wednesday, September 27th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $75.00 price target on shares of Citigroup in a report on Wednesday, September 27th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $79.30.

Shares of Citigroup Inc (NYSE C) opened at $77.39 on Friday. The company has a market capitalization of $204,620.00, a price-to-earnings ratio of -26.78, a price-to-earnings-growth ratio of 1.21 and a beta of 1.56. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.29. Citigroup Inc has a fifty-two week low of $55.23 and a fifty-two week high of $78.44.

Citigroup (NYSE:C) last announced its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.09. The firm had revenue of $17.26 billion for the quarter, compared to analysts’ expectations of $17.23 billion. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. Citigroup’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.14 EPS. equities research analysts forecast that Citigroup Inc will post 6.27 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.65%. Citigroup’s dividend payout ratio is presently -44.29%.

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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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