NS Partners Ltd Sells 954 Shares of Citigroup Inc (C)

NS Partners Ltd lessened its stake in Citigroup Inc (NYSE:C) by 1.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,286 shares of the financial services provider’s stock after selling 954 shares during the quarter. NS Partners Ltd’s holdings in Citigroup were worth $6,764,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Front Barnett Associates LLC lifted its holdings in Citigroup by 0.5% during the second quarter. Front Barnett Associates LLC now owns 134,048 shares of the financial services provider’s stock worth $8,970,000 after acquiring an additional 700 shares during the period. HCR Wealth Advisors raised its stake in shares of Citigroup by 3.1% in the third quarter. HCR Wealth Advisors now owns 25,477 shares of the financial services provider’s stock valued at $1,712,000 after buying an additional 758 shares during the period. Capital Analysts LLC raised its stake in shares of Citigroup by 1.4% in the second quarter. Capital Analysts LLC now owns 53,576 shares of the financial services provider’s stock valued at $3,585,000 after buying an additional 762 shares during the period. IFG Advisory LLC raised its stake in shares of Citigroup by 12.4% in the second quarter. IFG Advisory LLC now owns 7,067 shares of the financial services provider’s stock valued at $472,000 after buying an additional 780 shares during the period. Finally, InterOcean Capital LLC raised its stake in shares of Citigroup by 10.8% in the third quarter. InterOcean Capital LLC now owns 8,007 shares of the financial services provider’s stock valued at $574,000 after buying an additional 780 shares during the period. Institutional investors own 72.79% of the company’s stock.

Shares of NYSE C traded down $2.97 during mid-day trading on Thursday, hitting $59.29. The company had a trading volume of 531,767 shares, compared to its average volume of 15,906,454. The stock has a market cap of $160.01 billion, a PE ratio of 11.14, a price-to-earnings-growth ratio of 0.82 and a beta of 1.44. Citigroup Inc has a 1 year low of $61.12 and a 1 year high of $80.70. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.00 and a current ratio of 1.00.

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

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 21st. Investors of record on Monday, November 5th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 3.04%. The ex-dividend date was Friday, November 2nd. Citigroup’s payout ratio is 33.77%.

C has been the topic of several research reports. BMO Capital Markets boosted their target price on Citigroup to $92.00 and gave the company a “market perform” rating in a research note on Monday, October 15th. Wolfe Research initiated coverage on Citigroup in a research note on Tuesday, September 25th. They issued an “outperform” rating on the stock. ValuEngine lowered Citigroup from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. Deutsche Bank boosted their target price on Citigroup from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, September 27th. Finally, Wells Fargo & Co set a $100.00 price target on Citigroup and gave the company a “buy” rating in a research report on Monday, August 27th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $82.66.

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About Citigroup

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.

See Also: Debt-To-Equity Ratio

Institutional Ownership by Quarter for Citigroup (NYSE:C)

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