27,420 Shares in Citigroup Inc (C) Acquired by Cognios Capital LLC

Cognios Capital LLC bought a new position in shares of Citigroup Inc (NYSE:C) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 27,420 shares of the financial services provider’s stock, valued at approximately $1,967,000. Citigroup comprises about 0.8% of Cognios Capital LLC’s portfolio, making the stock its 27th biggest holding.

Other hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. grew its stake in shares of Citigroup by 1.3% in the first quarter. Principal Financial Group Inc. now owns 4,167,300 shares of the financial services provider’s stock valued at $281,292,000 after buying an additional 53,619 shares in the last quarter. IFM Investors Pty Ltd grew its stake in shares of Citigroup by 41.2% in the second quarter. IFM Investors Pty Ltd now owns 116,374 shares of the financial services provider’s stock valued at $7,788,000 after buying an additional 33,956 shares in the last quarter. Thompson Investment Management Inc. grew its stake in shares of Citigroup by 0.7% in the second quarter. Thompson Investment Management Inc. now owns 140,797 shares of the financial services provider’s stock valued at $9,422,000 after buying an additional 1,045 shares in the last quarter. Farmers Trust Co. grew its stake in shares of Citigroup by 4.1% in the second quarter. Farmers Trust Co. now owns 58,112 shares of the financial services provider’s stock valued at $3,889,000 after buying an additional 2,267 shares in the last quarter. Finally, Empirical Finance LLC grew its stake in shares of Citigroup by 41.2% in the second quarter. Empirical Finance LLC now owns 4,674 shares of the financial services provider’s stock valued at $313,000 after buying an additional 1,364 shares in the last quarter. 74.79% of the stock is owned by institutional investors.

In other Citigroup news, CEO Francisco Aristeguieta sold 15,000 shares of Citigroup stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $72.36, for a total transaction of $1,085,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.11% of the stock is owned by insiders.

Shares of NYSE C opened at $65.92 on Monday. The stock has a market cap of $169.42 billion, a price-to-earnings ratio of 12.37, a price-to-earnings-growth ratio of 0.86 and a beta of 1.47. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.32. Citigroup Inc has a 1 year low of $63.18 and a 1 year high of $80.70.

Citigroup (NYSE:C) last announced its quarterly earnings results on Friday, October 12th. The financial services provider reported $1.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.66 by $0.07. The company had revenue of $18.39 billion during the quarter, compared to the consensus estimate of $18.43 billion. Citigroup had a positive return on equity of 9.42% and a negative net margin of 4.81%. During the same period in the previous year, the business earned $1.42 EPS. On average, equities research analysts expect that Citigroup Inc will post 6.69 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 21st. Shareholders of record on Monday, November 5th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date is Friday, November 2nd. Citigroup’s dividend payout ratio (DPR) is 33.77%.

A number of research analysts recently issued reports on the company. ValuEngine lowered Citigroup from a “hold” rating to a “sell” rating in a report on Wednesday, August 15th. Royal Bank of Canada reiterated a “buy” rating and issued a $85.00 target price on shares of Citigroup in a report on Monday, July 16th. Morgan Stanley decreased their target price on Citigroup from $88.00 to $84.00 and set an “overweight” rating for the company in a report on Monday, July 16th. Wolfe Research assumed coverage on Citigroup in a report on Tuesday, September 25th. They issued an “outperform” rating for the company. Finally, Vining Sparks reiterated a “buy” rating and issued a $77.00 target price on shares of Citigroup in a report on Tuesday, October 9th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and fifteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $82.91.

Citigroup Company Profile

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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