Quantbot Technologies LP Takes $11.64 Million Position in Citigroup Inc. (NYSE:C)

Quantbot Technologies LP acquired a new position in Citigroup Inc. (NYSE:C) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 185,911 shares of the company’s stock, valued at approximately $11,638,000. Citigroup comprises about 0.5% of Quantbot Technologies LP’s investment portfolio, making the stock its 20th largest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MONECO Advisors LLC increased its holdings in shares of Citigroup by 2.9% during the second quarter. MONECO Advisors LLC now owns 5,542 shares of the company’s stock valued at $352,000 after acquiring an additional 157 shares in the last quarter. Lifestyle Asset Management Inc. grew its position in Citigroup by 4.5% during the 3rd quarter. Lifestyle Asset Management Inc. now owns 3,730 shares of the company’s stock valued at $233,000 after purchasing an additional 160 shares during the last quarter. Legacy Capital Group California Inc. increased its stake in Citigroup by 1.0% during the 2nd quarter. Legacy Capital Group California Inc. now owns 16,596 shares of the company’s stock valued at $1,053,000 after purchasing an additional 169 shares in the last quarter. Grove Bank & Trust raised its holdings in Citigroup by 7.1% in the third quarter. Grove Bank & Trust now owns 2,564 shares of the company’s stock worth $161,000 after buying an additional 170 shares during the last quarter. Finally, MWA Asset Management lifted its stake in shares of Citigroup by 1.4% in the third quarter. MWA Asset Management now owns 12,585 shares of the company’s stock worth $788,000 after buying an additional 173 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Trading Up 1.3 %

C stock opened at $70.73 on Tuesday. The firm’s fifty day simple moving average is $64.56 and its two-hundred day simple moving average is $62.90. The stock has a market capitalization of $133.77 billion, a price-to-earnings ratio of 20.50, a price-to-earnings-growth ratio of 0.78 and a beta of 1.44. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.55. Citigroup Inc. has a twelve month low of $44.56 and a twelve month high of $71.19.

Citigroup (NYSE:C) last released its earnings results on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.20. The firm had revenue of $20.32 billion for the quarter, compared to analysts’ expectations of $19.86 billion. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The company’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.52 earnings per share. As a group, analysts anticipate that Citigroup Inc. will post 5.85 earnings per share for the current year.

Citigroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were issued a $0.56 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.24 annualized dividend and a dividend yield of 3.17%. Citigroup’s payout ratio is currently 64.93%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Evercore ISI boosted their price target on Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 16th. Bank of America raised their price target on shares of Citigroup from $77.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Oppenheimer boosted their price objective on shares of Citigroup from $91.00 to $107.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Morgan Stanley dropped their target price on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Finally, The Goldman Sachs Group decreased their target price on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Citigroup has an average rating of “Moderate Buy” and an average target price of $73.00.

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.