KBC Group NV Has $71.27 Million Stock Holdings in Citigroup Inc. (NYSE:C)

KBC Group NV increased its stake in shares of Citigroup Inc. (NYSE:C) by 1.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,138,511 shares of the company’s stock after buying an additional 20,291 shares during the period. KBC Group NV’s holdings in Citigroup were worth $71,270,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in C. MONECO Advisors LLC raised its stake in Citigroup by 2.9% during the second quarter. MONECO Advisors LLC now owns 5,542 shares of the company’s stock worth $352,000 after acquiring an additional 157 shares in the last quarter. Lifestyle Asset Management Inc. increased 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 worth $233,000 after purchasing an additional 160 shares in the last quarter. Pinnacle Wealth Planning Services Inc. increased its position in Citigroup by 4.0% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 4,295 shares of the company’s stock worth $272,000 after purchasing an additional 164 shares in the last quarter. Legacy Capital Group California Inc. lifted its stake in Citigroup by 1.0% in 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 during the last quarter. Finally, Grove Bank & Trust boosted its position in Citigroup by 7.1% in the third quarter. Grove Bank & Trust now owns 2,564 shares of the company’s stock valued at $161,000 after buying an additional 170 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Down 0.2 %

Citigroup stock opened at $68.89 on Thursday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.55. The company has a market capitalization of $130.29 billion, a P/E ratio of 19.97, a P/E/G ratio of 0.77 and a beta of 1.44. The firm has a 50 day moving average price of $62.87 and a 200-day moving average price of $62.51. Citigroup Inc. has a twelve month low of $43.10 and a twelve month high of $70.20.

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

Citigroup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th will be issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date is Monday, November 4th. Citigroup’s payout ratio is presently 64.93%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on C. Morgan Stanley dropped their price target on Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Bank of America increased their target price on Citigroup from $77.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Barclays boosted their price target on Citigroup from $63.00 to $70.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Oppenheimer raised 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. Finally, The Goldman Sachs Group reduced their target price on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $72.06.

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.