Wellington Management Group LLP Sells 16,943 Shares of Citigroup Inc. (NYSE:C)

Wellington Management Group LLP reduced its stake in Citigroup Inc. (NYSE:C) by 25.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,524 shares of the company’s stock after selling 16,943 shares during the quarter. Wellington Management Group LLP’s holdings in Citigroup were worth $3,163,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Acadian Asset Management LLC grew its holdings in shares of Citigroup by 527.5% during the second quarter. Acadian Asset Management LLC now owns 2,498,277 shares of the company’s stock valued at $158,521,000 after buying an additional 2,100,135 shares during the last quarter. Caxton Associates LP lifted its position in Citigroup by 96.1% in the 2nd quarter. Caxton Associates LP now owns 3,952,428 shares of the company’s stock valued at $250,821,000 after acquiring an additional 1,937,038 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in Citigroup by 70.0% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,531,827 shares of the company’s stock valued at $283,692,000 after purchasing an additional 1,865,628 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Citigroup by 9.8% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 15,676,463 shares of the company’s stock worth $981,347,000 after purchasing an additional 1,404,120 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Citigroup by 5.5% in the second quarter. Legal & General Group Plc now owns 17,428,251 shares of the company’s stock worth $1,105,999,000 after purchasing an additional 913,231 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Trading Down 0.5 %

Citigroup stock opened at $71.15 on Wednesday. Citigroup Inc. has a 1 year low of $49.17 and a 1 year high of $73.38. The firm’s 50 day moving average price is $67.61 and its 200-day moving average price is $63.80. 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 stock has a market cap of $134.56 billion, a P/E ratio of 20.62, a PEG ratio of 0.80 and a beta of 1.45.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.31 by $0.20. The business had revenue of $20.32 billion for the quarter, compared to analysts’ expectations of $19.86 billion. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. During the same quarter in the previous year, the company earned $1.52 EPS. The business’s quarterly revenue was up .9% compared to the same quarter last year. On average, equities analysts predict that Citigroup Inc. will post 5.86 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date was Monday, November 4th. Citigroup’s payout ratio is 64.93%.

Analyst Upgrades and Downgrades

Several research firms recently commented on C. Oppenheimer lifted their price objective on Citigroup from $91.00 to $107.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Morgan Stanley reduced their price target on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Barclays increased their price objective on shares of Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Bank of America lifted their target price on shares of Citigroup from $78.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Finally, Keefe, Bruyette & Woods raised Citigroup from a “market perform” rating to an “outperform” rating and increased their price target for the company from $70.00 to $82.00 in a report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Citigroup has a consensus rating of “Moderate Buy” and a consensus target price of $75.63.

Citigroup Company 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.