Citigroup Inc (C) Stake Lessened by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. cut its stake in shares of Citigroup Inc (NYSE:C) by 9.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,687,356 shares of the financial services provider’s stock after selling 280,283 shares during the period. Citigroup makes up about 0.8% of Robeco Institutional Asset Management B.V.’s holdings, making the stock its 18th biggest position. Robeco Institutional Asset Management B.V. owned 0.10% of Citigroup worth $192,790,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its position in shares of Citigroup by 1.3% during the first quarter. Principal Financial Group Inc. now owns 4,167,300 shares of the financial services provider’s stock worth $281,292,000 after acquiring an additional 53,619 shares during the last quarter. Trust Co. of Vermont boosted its position in shares of Citigroup by 8.4% during the second quarter. Trust Co. of Vermont now owns 18,527 shares of the financial services provider’s stock worth $1,240,000 after acquiring an additional 1,438 shares during the last quarter. NN Investment Partners Holdings N.V. boosted its position in shares of Citigroup by 0.7% during the second quarter. NN Investment Partners Holdings N.V. now owns 1,914,091 shares of the financial services provider’s stock worth $128,089,000 after acquiring an additional 13,659 shares during the last quarter. Nexus Investment Management Inc. boosted its position in shares of Citigroup by 0.5% during the second quarter. Nexus Investment Management Inc. now owns 379,635 shares of the financial services provider’s stock worth $25,405,000 after acquiring an additional 1,785 shares during the last quarter. Finally, First National Bank of Mount Dora Trust Investment Services boosted its position in shares of Citigroup by 4.7% during the second quarter. First National Bank of Mount Dora Trust Investment Services now owns 66,888 shares of the financial services provider’s stock worth $4,476,000 after acquiring an additional 3,010 shares during the last quarter. 74.79% of the stock is currently owned by institutional investors.

A number of equities research analysts recently issued reports on the stock. ValuEngine downgraded shares of Citigroup from a “hold” rating to a “sell” rating in a research note on Wednesday, August 15th. TheStreet raised shares of Citigroup from a “c” rating to a “b-” rating in a research note on Monday, July 30th. BMO Capital Markets upped their price target on shares of Citigroup from $76.00 to $85.00 and gave the company a “market perform” rating in a research note on Monday, July 16th. Vining Sparks reaffirmed a “buy” rating and set a $77.00 price target on shares of Citigroup in a research note on Tuesday, October 9th. Finally, Oppenheimer upped their price target on shares of Citigroup from $89.00 to $91.00 and gave the company an “outperformer” rating in a research note on Monday, July 16th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and fifteen have issued a buy rating to the company’s stock. Citigroup currently has a consensus rating of “Buy” and a consensus target price of $82.91.

Shares of C opened at $65.76 on Friday. Citigroup Inc has a twelve month low of $63.18 and a twelve month high of $80.70. The firm has a market capitalization of $175.43 billion, a PE ratio of 12.34, a PEG ratio of 0.90 and a beta of 1.47. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.32.

Citigroup (NYSE:C) last announced its 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 business had revenue of $18.39 billion for the quarter, compared to the consensus estimate 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 firm posted $1.42 earnings per share. On average, equities research analysts predict that Citigroup Inc will post 6.69 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 21st. Investors of record on Monday, November 5th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend is Friday, November 2nd. Citigroup’s dividend payout ratio is presently 33.77%.

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About Citigroup

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.

See Also: Outstanding Shares

Institutional Ownership by Quarter for Citigroup (NYSE:C)

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