Dividend Worth Watching: Citigroup Inc. (NYSE:C) advises to “Mark your calendars” for Nov 23, 2016; dividends expected to reach $0.16.

Dividend Worth Watching: Citigroup Inc. (NYSE:C) advises to

Citigroup Inc. (NYSE:C) is expected to pay $0.16 on Nov 23, 2016. The indicated annual dividend is $0.64. Shareholders owning the stock before Nov 3, 2016 will be eligible to receive the payout. Based on Citigroup Inc.’s current price of $48.94, the dividend is 0.33%. This dividend’s record date is Nov 7, 2016 and the announcement date is Oct 24, 2016. The stock decreased 0.43% or $0.21 during the last trading session, hitting $48.94. About 4,000 shares traded hands. Citigroup Inc (NYSE:C) has risen 17.22% since March 31, 2016 and is uptrending. It has outperformed by 14.70% the S&P500.

Citigroup Inc. is a financial services holding company. The company has a market cap of $141.01 billion. The Company’s businesses provide consumers, firms, governments and institutions with a range of financial services and products, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management. It has a 10.55 P/E ratio. It operates through two divisions: Citicorp and Citi Holdings.

Insitutional Activity: The institutional sentiment decreased to 0.74 in Q2 2016. Its down 0.06, from 0.8 in 2016Q1. The ratio fall, as 93 funds sold all Citigroup Inc shares owned while 449 reduced positions. 62 funds bought stakes while 341 increased positions. They now own 2.00 billion shares or 2.42% less from 2.05 billion shares in 2016Q1.
The Tennessee-based Ftb Advsrs has invested 0.05% in Citigroup Inc (NYSE:C). Jefferies Grp Limited Liability Com accumulated 13,846 shares or 0% of the stock. Consolidated Group Inc Inc Ltd Liability Com has invested 1.94% of its portfolio in Citigroup Inc (NYSE:C). Grantham Mayo Van Otterloo & Company holds 0.45% or 2.58M shares in its portfolio. Caisse De Depot Et Placement Du Quebec has invested 0.43% of its portfolio in Citigroup Inc (NYSE:C). Gfs Ltd Liability accumulated 0.73% or 71,032 shares. Bnp Paribas Arbitrage Sa reported 12.08 million shares or 0.93% of all its holdings. Finemark Commercial Bank And last reported 61,086 shares in the company. Thompson Davis And Company Inc holds 0.09% of its portfolio in Citigroup Inc (NYSE:C) for 1,312 shares. Moreover, Glg Ltd Llc has 0.74% invested in Citigroup Inc (NYSE:C) for 231,994 shares. Samsung Asset Mngmt (New York) Incorporated accumulated 35,150 shares or 1.15% of the stock. Hartford Fincl Mngmt Inc owns 3,116 shares or 0.08% of their US portfolio. Ubs Oconnor Limited Com reported 69,234 shares or 0% of all its holdings. The Missouri-based Stieven Capital Advsrs Ltd Partnership has invested 1.48% in Citigroup Inc (NYSE:C). Loews Corporation last reported 16,258 shares in the company.

Insider Transactions: Since May 24, 2016, the stock had 0 insider purchases, and 2 insider sales for $361,860 net activity. RODIN JUDITH also sold $1,649 worth of Citigroup Inc (NYSE:C) shares. MURRAY JOSEPH MICHAEL sold $360,211 worth of stock or 8,122 shares.

Citigroup Inc (NYSE:C) Ratings Coverage

Out of 28 analysts covering Citigroup Inc. (NYSE:C), 16 rate it a “Buy”, 2 “Sell”, while 10 “Hold”. This means 57% are positive. Citigroup Inc. has been the topic of 56 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Friday, August 28 by Guggenheim. The firm has “Buy” rating by UBS given on Friday, October 16. The stock of Citigroup Inc (NYSE:C) earned “Buy” rating by Zacks on Friday, August 14. The rating was maintained by Evercore on Monday, September 21 with “Buy”. The stock of Citigroup Inc (NYSE:C) earned “Outperform” rating by Oppenheimer on Tuesday, January 19. The stock has “Overweight” rating given by Barclays Capital on Monday, March 14. The rating was initiated by Susquehanna with “Neutral” on Tuesday, October 6. Oppenheimer maintained the shares of C in a report on Tuesday, October 6 with “Outperform” rating. The rating was maintained by Keefe Bruyette & Woods with “Outperform” on Tuesday, January 19. The stock has “Hold” rating given by Vetr on Monday, August 24.

Another recent and important Citigroup Inc (NYSE:C) news was published by Bloomberg.com which published an article titled: “Citigroup Says CFTC Is Probing Banks’ Rate-Swap Businesses” on October 31, 2016.

C Company Profile

Citigroup Inc. (Citi), incorporated on March 8, 1988, is a financial services holding company. The Company’s businesses provide consumers, firms, governments and institutions with a range of financial services and products, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management. The Firm operates through two divisions: Citicorp and Citi Holdings.

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