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Horizon Investments LLC Sells 1,114 Shares of Citigroup Inc. (NYSE:C)

Horizon Investments LLC lowered its holdings in shares of Citigroup Inc. (NYSE:CGet Rating) by 3.1% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 35,304 shares of the company’s stock after selling 1,114 shares during the period. Horizon Investments LLC’s holdings in Citigroup were worth $1,866,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. increased its position in Citigroup by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 168,683,301 shares of the company’s stock valued at $9,007,688,000 after acquiring an additional 3,697,137 shares during the period. BlackRock Inc. increased its holdings in Citigroup by 2.9% in the first quarter. BlackRock Inc. now owns 164,865,664 shares of the company’s stock valued at $8,803,824,000 after purchasing an additional 4,702,380 shares during the period. State Street Corp raised its position in Citigroup by 1.2% during the 4th quarter. State Street Corp now owns 92,061,999 shares of the company’s stock worth $5,559,624,000 after purchasing an additional 1,082,829 shares during the last quarter. Snider Financial Group lifted its holdings in Citigroup by 96,645.9% during the 1st quarter. Snider Financial Group now owns 84,494,926 shares of the company’s stock worth $4,512,000 after buying an additional 84,407,589 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Citigroup by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 33,753,519 shares of the company’s stock valued at $2,033,390,000 after buying an additional 319,525 shares during the last quarter. 71.46% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

C has been the topic of several analyst reports. Odeon Capital Group cut Citigroup from a “buy” rating to a “hold” rating in a report on Tuesday, September 6th. Royal Bank of Canada lowered their target price on shares of Citigroup from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Monday, June 27th. Jefferies Financial Group decreased their price target on Citigroup from $54.00 to $48.00 in a report on Monday, July 11th. Wells Fargo & Company dropped their price objective on Citigroup from $70.00 to $60.00 and set an “overweight” rating on the stock in a research note on Friday, July 1st. Finally, TheStreet cut Citigroup from a “b-” rating to a “c+” rating in a research note on Tuesday, June 21st. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $62.95.

Citigroup Trading Up 1.5 %

Shares of C stock opened at $50.67 on Monday. The stock has a market capitalization of $98.13 billion, a price-to-earnings ratio of 6.48, a PEG ratio of 0.61 and a beta of 1.60. The company’s fifty day simple moving average is $50.42 and its two-hundred day simple moving average is $51.42. Citigroup Inc. has a 1 year low of $43.44 and a 1 year high of $73.72. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.93 and a quick ratio of 0.93.

Citigroup (NYSE:CGet Rating) last released its quarterly earnings data on Friday, July 15th. The company reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.63. The company had revenue of $19.64 billion for the quarter, compared to analyst estimates of $18.32 billion. Citigroup had a return on equity of 10.25% and a net margin of 20.06%. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.84 EPS. As a group, analysts anticipate that Citigroup Inc. will post 7.37 earnings per share for the current year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 26th. Shareholders of record on Monday, August 1st were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 4.03%. The ex-dividend date of this dividend was Friday, July 29th. Citigroup’s dividend payout ratio is presently 26.09%.

Citigroup Company Profile

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Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

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