Citigroup Inc. (NYSE:C) Stake Cut by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. lessened its holdings in Citigroup Inc. (NYSE:C) by 3.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,211 shares of the company’s stock after selling 411 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Citigroup were worth $639,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in C. Loomis Sayles & Co. L P boosted its stake in Citigroup by 94.8% in the third quarter. Loomis Sayles & Co. L P now owns 11,954 shares of the company’s stock valued at $748,000 after acquiring an additional 5,816 shares during the period. Independent Advisor Alliance lifted its holdings in shares of Citigroup by 1.2% in the 3rd quarter. Independent Advisor Alliance now owns 70,252 shares of the company’s stock worth $4,398,000 after purchasing an additional 851 shares during the last quarter. Fisher Asset Management LLC boosted its position in Citigroup by 3.2% during the 3rd quarter. Fisher Asset Management LLC now owns 28,970,357 shares of the company’s stock valued at $1,813,544,000 after purchasing an additional 911,694 shares during the period. Centaurus Financial Inc. grew its stake in Citigroup by 10.9% during the 3rd quarter. Centaurus Financial Inc. now owns 8,594 shares of the company’s stock worth $538,000 after buying an additional 842 shares during the last quarter. Finally, Round Hill Asset Management increased its position in Citigroup by 1.9% in the third quarter. Round Hill Asset Management now owns 29,429 shares of the company’s stock worth $1,842,000 after buying an additional 545 shares during the period. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Down 1.4 %

C stock opened at $69.74 on Wednesday. The firm has a market cap of $131.90 billion, a PE ratio of 20.21, a P/E/G ratio of 0.78 and a beta of 1.44. Citigroup Inc. has a 12 month low of $44.56 and a 12 month high of $71.19. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a 50 day simple moving average of $64.77 and a 200 day simple moving average of $62.94.

Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.20. The company had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.86 billion. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.52 EPS. Equities research analysts forecast that Citigroup Inc. will post 5.85 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were paid a $0.56 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.24 dividend on an annualized basis and a yield of 3.21%. Citigroup’s dividend payout ratio is currently 64.93%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Barclays boosted their price target on shares of Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Evercore ISI boosted their target price on shares of Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a research note on Wednesday, October 16th. The Goldman Sachs Group dropped their price target on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. Morgan Stanley cut their price target on Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Finally, Wells Fargo & Company increased their price objective on Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Citigroup currently has a consensus rating of “Moderate Buy” and a consensus price target of $73.00.

Citigroup Profile

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.