Meag Munich Ergo Kapitalanlagegesellschaft MBH Sells 55,779 Shares of Citigroup Inc (C)

Meag Munich Ergo Kapitalanlagegesellschaft MBH decreased its holdings in Citigroup Inc (NYSE:C) by 17.7% in the 4th quarter, HoldingsChannel reports. The firm owned 258,536 shares of the financial services provider’s stock after selling 55,779 shares during the period. Citigroup makes up 0.8% of Meag Munich Ergo Kapitalanlagegesellschaft MBH’s investment portfolio, making the stock its 28th largest position. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in Citigroup were worth $19,525,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Leisure Capital Management grew its stake in Citigroup by 1.6% during the second quarter. Leisure Capital Management now owns 3,763 shares of the financial services provider’s stock valued at $252,000 after acquiring an additional 59 shares in the last quarter. Boys Arnold & Co. Inc. grew its stake in Citigroup by 0.7% during the second quarter. Boys Arnold & Co. Inc. now owns 14,532 shares of the financial services provider’s stock valued at $972,000 after acquiring an additional 100 shares in the last quarter. Carnegie Capital Asset Management LLC grew its stake in Citigroup by 0.5% during the second quarter. Carnegie Capital Asset Management LLC now owns 20,225 shares of the financial services provider’s stock valued at $1,404,000 after acquiring an additional 101 shares in the last quarter. Buckingham Asset Management LLC grew its stake in Citigroup by 2.3% during the second quarter. Buckingham Asset Management LLC now owns 6,018 shares of the financial services provider’s stock valued at $403,000 after acquiring an additional 135 shares in the last quarter. Finally, Frontier Wealth Management LLC grew its stake in Citigroup by 1.3% during the second quarter. Frontier Wealth Management LLC now owns 10,901 shares of the financial services provider’s stock valued at $729,000 after acquiring an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 80.71% of the company’s stock.

Citigroup Inc (C) opened at $76.71 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.29. Citigroup Inc has a 12 month low of $56.55 and a 12 month high of $80.70. The company has a market cap of $202,820.00, a P/E ratio of 13.82, a price-to-earnings-growth ratio of 1.09 and a beta of 1.54.

Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.09. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.60%. The business had revenue of $17.26 billion during the quarter, compared to analysts’ expectations of $17.23 billion. During the same quarter in the previous year, the company earned $1.14 EPS. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. sell-side analysts expect that Citigroup Inc will post 6.4 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $1.28 dividend on an annualized basis and a yield of 1.67%. Citigroup’s dividend payout ratio is presently 23.06%.

Several brokerages recently commented on C. Royal Bank of Canada reaffirmed an “outperform” rating and set a $85.00 price objective on shares of Citigroup in a research note on Wednesday, January 17th. DZ Bank raised shares of Citigroup from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Macquarie boosted their price objective on shares of Citigroup from $82.00 to $84.00 and gave the company a “neutral” rating in a research note on Monday. JPMorgan Chase & Co. set a $80.00 price objective on shares of Citigroup and gave the company a “buy” rating in a research note on Wednesday, January 17th. Finally, Vetr cut shares of Citigroup from a “sell” rating to a “strong sell” rating and set a $70.80 price objective for the company. in a research note on Monday, January 29th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The stock has an average 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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