SeaTown Holdings Pte. Ltd. Trims Stake in Citigroup Inc (C)

SeaTown Holdings Pte. Ltd. trimmed its stake in shares of Citigroup Inc (NYSE:C) by 73.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 68,500 shares of the financial services provider’s stock after selling 194,226 shares during the period. SeaTown Holdings Pte. Ltd.’s holdings in Citigroup were worth $4,914,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Perella Weinberg Partners Capital Management LP raised its stake in shares of Citigroup by 38.8% during the third quarter. Perella Weinberg Partners Capital Management LP now owns 140,205 shares of the financial services provider’s stock worth $10,058,000 after buying an additional 39,224 shares during the last quarter. Nippon Life Global Investors Americas Inc. bought a new stake in shares of Citigroup during the third quarter worth approximately $11,027,000. R. G. Niederhoffer Capital Management Inc. bought a new stake in shares of Citigroup during the third quarter worth approximately $208,000. Moody National Bank Trust Division raised its stake in shares of Citigroup by 1,094.9% during the third quarter. Moody National Bank Trust Division now owns 193,280 shares of the financial services provider’s stock worth $13,866,000 after buying an additional 177,105 shares during the last quarter. Finally, WBI Investments Inc. bought a new stake in shares of Citigroup during the third quarter worth approximately $6,130,000. Institutional investors own 74.84% of the company’s stock.

In other news, CEO Francisco Aristeguieta sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $72.36, for a total value of $1,085,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.11% of the stock is owned by corporate insiders.

Several equities research analysts have commented on the stock. Zacks Investment Research raised shares of Citigroup from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a research note on Tuesday, October 16th. BMO Capital Markets upped their target price on shares of Citigroup to $92.00 and gave the company a “market perform” rating in a research note on Monday, October 15th. Vining Sparks reaffirmed a “buy” rating and issued a $77.00 target price on shares of Citigroup in a research note on Tuesday, October 9th. ValuEngine downgraded shares of Citigroup from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. Finally, Deutsche Bank upped their target price on shares of Citigroup from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, September 27th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and fifteen have given a buy rating to the company’s stock. Citigroup currently has a consensus rating of “Buy” and a consensus price target of $82.91.

Citigroup stock opened at $65.92 on Friday. The company has a market capitalization of $169.42 billion, a PE ratio of 12.37, a P/E/G ratio of 0.86 and a beta of 1.47. Citigroup Inc has a twelve month low of $63.18 and a twelve month high of $80.70. 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 (NYSE:C) last released its quarterly earnings results on Friday, October 12th. The financial services provider reported $1.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.66 by $0.07. The company had revenue of $18.39 billion during the quarter, compared to analysts’ expectations of $18.43 billion. Citigroup had a negative net margin of 4.81% and a positive return on equity of 9.42%. During the same quarter in the prior year, the company earned $1.42 earnings per share. As a group, equities research analysts predict that Citigroup Inc will post 6.69 EPS for the current fiscal year.

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

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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