Natixis Advisors LLC Buys 39,784 Shares of Citigroup Inc. (NYSE:C)

Natixis Advisors LLC lifted its stake in shares of Citigroup Inc. (NYSE:C) by 2.6% during the third quarter, Holdings Channel.com reports. The firm owned 1,585,941 shares of the company’s stock after acquiring an additional 39,784 shares during the period. Natixis Advisors LLC’s holdings in Citigroup were worth $99,280,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in C. Seelaus Asset Management LLC grew its holdings in shares of Citigroup by 18.2% during the third quarter. Seelaus Asset Management LLC now owns 8,096 shares of the company’s stock valued at $507,000 after buying an additional 1,245 shares during the last quarter. Empowered Funds LLC lifted its position in Citigroup by 9.7% in the 3rd quarter. Empowered Funds LLC now owns 41,171 shares of the company’s stock valued at $2,577,000 after acquiring an additional 3,630 shares in the last quarter. Empirical Finance LLC raised its stake in shares of Citigroup by 2.1% in the third quarter. Empirical Finance LLC now owns 67,354 shares of the company’s stock worth $4,216,000 after purchasing an additional 1,384 shares during the last quarter. First Business Financial Services Inc. boosted its position in shares of Citigroup by 3.3% during the third quarter. First Business Financial Services Inc. now owns 39,361 shares of the company’s stock valued at $2,464,000 after buying an additional 1,257 shares during the last quarter. Finally, Dearborn Partners LLC purchased a new stake in Citigroup in the 3rd quarter valued at $445,000. 71.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

C has been the topic of a number of analyst reports. Oppenheimer lifted their price objective on shares of Citigroup from $91.00 to $107.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Evercore ISI lifted their target price on shares of Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 16th. Barclays upped their price objective on Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. The Goldman Sachs Group reduced their price target on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Finally, Bank of America increased their target price on shares of Citigroup from $77.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $73.00.

Citigroup Stock Up 0.9 %

Shares of NYSE:C opened at $68.76 on Friday. The company has a market cap of $130.04 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 0.77 and a beta of 1.44. Citigroup Inc. has a one year low of $44.32 and a one year high of $70.20. The firm has a fifty day moving average price of $63.21 and a two-hundred day moving average price of $62.60. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.96.

Citigroup (NYSE:C) last posted its 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. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The business had revenue of $20.32 billion during the quarter, compared to analysts’ expectations of $19.86 billion. During the same period in the previous year, the business earned $1.52 earnings per share. The firm’s revenue was up .9% on a year-over-year basis. Analysts anticipate that Citigroup Inc. will post 5.85 EPS for the current fiscal year.

Citigroup Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were given a dividend of $0.56 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.24 annualized dividend and a yield of 3.26%. Citigroup’s payout ratio is presently 64.93%.

About Citigroup

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.