Wedge Capital Management L L P NC Reduces Holdings in Citigroup Inc (C)

Wedge Capital Management L L P NC decreased its position in shares of Citigroup Inc (NYSE:C) by 8.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 447,113 shares of the financial services provider’s stock after selling 43,706 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Citigroup were worth $33,270,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the business. FMR LLC boosted its holdings in Citigroup by 3.8% in the 2nd quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock valued at $7,343,721,000 after purchasing an additional 4,061,637 shares in the last quarter. Harris Associates L P boosted its holdings in Citigroup by 0.5% in the 2nd quarter. Harris Associates L P now owns 41,350,951 shares of the financial services provider’s stock valued at $2,765,551,000 after purchasing an additional 221,171 shares in the last quarter. Northern Trust Corp boosted its holdings in Citigroup by 3.1% in the 2nd quarter. Northern Trust Corp now owns 34,097,795 shares of the financial services provider’s stock valued at $2,280,461,000 after purchasing an additional 1,011,532 shares in the last quarter. Boston Partners boosted its holdings in Citigroup by 3.4% in the 3rd quarter. Boston Partners now owns 24,591,045 shares of the financial services provider’s stock valued at $1,788,752,000 after purchasing an additional 817,162 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Citigroup by 4.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 24,118,886 shares of the financial services provider’s stock valued at $1,754,343,000 after purchasing an additional 1,091,989 shares in the last quarter. 79.62% of the stock is currently owned by institutional investors.

Citigroup Inc (NYSE C) opened at $76.46 on Wednesday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.01 and a current ratio of 1.01. Citigroup Inc has a 12-month low of $56.55 and a 12-month high of $80.70. The stock has a market capitalization of $202,160.00, a P/E ratio of 13.78, a P/E/G ratio of 1.12 and a beta of 1.54.

Citigroup (NYSE:C) last issued its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.09. The firm had revenue of $17.26 billion during the quarter, compared to the consensus estimate of $17.23 billion. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.14 EPS. analysts predict that Citigroup Inc will post 6.4 earnings per share for the current fiscal 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 issued a $0.32 dividend. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $1.28 annualized dividend and a yield of 1.67%. Citigroup’s dividend payout ratio (DPR) is presently 23.06%.

A number of equities research analysts have weighed in on C shares. Raymond James Financial started coverage on Citigroup in a report on Tuesday, October 31st. They issued a “hold” rating on the stock. Nomura lifted their price objective on Citigroup to $84.00 and gave the company a “buy” rating in a report on Monday, December 11th. Credit Suisse Group reaffirmed a “buy” rating and issued a $83.00 price objective on shares of Citigroup in a report on Tuesday, December 12th. Wells Fargo & Co set a $95.00 price objective on Citigroup and gave the company a “buy” rating in a report on Wednesday, December 20th. Finally, Keefe, Bruyette & Woods lifted their price objective on Citigroup from $80.00 to $87.00 and gave the company an “outperform” rating in a report on Thursday, December 14th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Citigroup currently has a consensus rating of “Buy” and a consensus price target of $79.65.

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Citigroup 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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