National Pension Service Buys 147,524 Shares of Citigroup Inc. (C)
National Pension Service increased its position in shares of Citigroup Inc. (NYSE:C) by 8.7% during the third quarter, Holdings Channel reports. The firm owned 1,840,403 shares of the financial services provider’s stock after buying an additional 147,524 shares during the period. National Pension Service’s holdings in Citigroup were worth $86,922,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Citigroup by 3.5% in the second quarter. Vanguard Group Inc. now owns 175,049,494 shares of the financial services provider’s stock valued at $7,420,348,000 after buying an additional 5,872,249 shares during the last quarter. FMR LLC raised its stake in Citigroup by 3.7% in the second quarter. FMR LLC now owns 92,973,398 shares of the financial services provider’s stock valued at $3,941,143,000 after buying an additional 3,339,340 shares during the last quarter. Franklin Resources Inc. raised its stake in Citigroup by 1.2% in the second quarter. Franklin Resources Inc. now owns 36,139,625 shares of the financial services provider’s stock valued at $1,531,980,000 after buying an additional 436,566 shares during the last quarter. BlackRock Fund Advisors increased its position in shares of Citigroup by 1.4% in the second quarter. BlackRock Fund Advisors now owns 34,452,658 shares of the financial services provider’s stock worth $1,460,448,000 after buying an additional 476,584 shares during the period. Finally, BlackRock Advisors LLC increased its position in shares of Citigroup by 12.0% in the second quarter. BlackRock Advisors LLC now owns 24,360,369 shares of the financial services provider’s stock worth $1,032,636,000 after buying an additional 2,614,460 shares during the period. 70.81% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Citigroup Inc. (NYSE:C) opened at 56.39 on Thursday. The stock has a 50 day moving average of $51.32 and a 200-day moving average of $46.71. The firm has a market capitalization of $160.70 billion, a price-to-earnings ratio of 12.26 and a beta of 1.74. Citigroup Inc. has a one year low of $34.52 and a one year high of $56.83.
Citigroup (NYSE:C) last posted its quarterly earnings data on Friday, October 14th. The financial services provider reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.08. The business earned $17.80 billion during the quarter, compared to analyst estimates of $17.32 billion. Citigroup had a net margin of 17.58% and a return on equity of 7.04%. The company’s revenue was down 4.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.31 earnings per share. On average, equities analysts anticipate that Citigroup Inc. will post $4.70 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 23rd. Stockholders of record on Monday, November 7th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend was Thursday, November 3rd. Citigroup’s dividend payout ratio is presently 13.91%.
ILLEGAL ACTIVITY NOTICE: “National Pension Service Buys 147,524 Shares of Citigroup Inc. (C)” was first posted by Financial Market News and is the propert of of Financial Market News. If you are accessing this story on another site, it was copied illegally and republished in violation of United States & international copyright laws. The original version of this story can be viewed at http://www.financial-market-news.com/national-pension-service-buys-147524-shares-of-citigroup-inc-c/1212510/.
A number of brokerages have weighed in on C. Jefferies Group set a $36.00 price objective on shares of Citigroup and gave the stock a “buy” rating in a research report on Saturday, November 19th. Morgan Stanley upgraded shares of Citigroup from an “equal weight” rating to an “overweight” rating and set a $70.00 price objective for the company in a research report on Wednesday. Deutsche Bank AG upped their price objective on shares of Citigroup from $49.00 to $61.00 and gave the stock a “hold” rating in a research report on Wednesday. Vetr upgraded shares of Citigroup from a “sell” rating to a “hold” rating and set a $56.21 price objective for the company in a research report on Wednesday. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Citigroup in a research report on Tuesday, August 16th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and sixteen have given a buy rating to the stock. Citigroup presently has a consensus rating of “Hold” and an average price target of $56.72.
Citigroup Company Profile
Citigroup Inc (Citi) is a financial services holding company. The Company’s 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.
Want to see what other hedge funds are holding C? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citigroup Inc. (NYSE:C).
Receive News & Ratings for Citigroup Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup Inc. and related companies with MarketBeat.com's FREE daily email newsletter.