Robeco Institutional Asset Management B.V. grew its stake in Citigroup Inc. (NYSE:C) by 3.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,414,234 shares of the financial services provider’s stock after buying an additional 91,615 shares during the quarter. Citigroup accounts for approximately 1.1% of Robeco Institutional Asset Management B.V.’s portfolio, making the stock its 8th biggest position. Robeco Institutional Asset Management B.V. owned approximately 0.09% of Citigroup worth $175,612,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in C. BlackRock Inc. raised its position in shares of Citigroup by 2,718.7% during the 1st quarter. BlackRock Inc. now owns 196,415,461 shares of the financial services provider’s stock worth $11,749,573,000 after acquiring an additional 189,447,104 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Citigroup by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 183,198,941 shares of the financial services provider’s stock worth $10,958,960,000 after acquiring an additional 4,391,347 shares in the last quarter. FMR LLC raised its position in shares of Citigroup by 3.8% during the 2nd quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock worth $7,343,721,000 after acquiring an additional 4,061,637 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Citigroup by 6.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 46,110,561 shares of the financial services provider’s stock worth $3,083,874,000 after acquiring an additional 2,943,282 shares in the last quarter. Finally, Harris Associates L P raised its position in shares of Citigroup by 0.5% during the 2nd quarter. Harris Associates L P now owns 41,350,951 shares of the financial services provider’s stock worth $2,765,551,000 after acquiring an additional 221,171 shares in the last quarter. Institutional investors and hedge funds own 78.59% of the company’s stock.
Several equities research analysts have recently weighed in on C shares. Wells Fargo & Company reissued a “buy” rating on shares of Citigroup in a research report on Monday, October 2nd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $75.00 price target on shares of Citigroup in a research report on Wednesday, September 27th. Keefe, Bruyette & Woods set a $75.00 price target on Citigroup and gave the stock a “buy” rating in a research report on Sunday, August 13th. BidaskClub raised Citigroup from a “hold” rating to a “buy” rating in a research report on Thursday, September 21st. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $73.00 price target on shares of Citigroup in a research report on Wednesday, September 13th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $75.83.
Citigroup (NYSE:C) last released its earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.10. The business had revenue of $18.17 billion for the quarter, compared to analyst estimates of $17.87 billion. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.24 earnings per share. sell-side analysts forecast that Citigroup Inc. will post 5.31 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Monday, November 6th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend was Friday, November 3rd. Citigroup’s payout ratio is currently 24.66%.
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Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.
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