Gateway Investment Advisers LLC lessened its holdings in Citigroup Inc (NYSE:C) by 8.3% during the fourth quarter, HoldingsChannel reports. The firm owned 1,559,510 shares of the financial services provider’s stock after selling 140,984 shares during the quarter. Citigroup accounts for 1.0% of Gateway Investment Advisers LLC’s holdings, making the stock its 21st largest position. Gateway Investment Advisers LLC’s holdings in Citigroup were worth $116,043,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Beach Investment Management LLC. boosted its holdings in shares of Citigroup by 895.5% during the 2nd quarter. Beach Investment Management LLC. now owns 349,614 shares of the financial services provider’s stock valued at $23,382,000 after acquiring an additional 314,494 shares in the last quarter. Fishman Jay A Ltd. MI boosted its holdings in shares of Citigroup by 23.8% during the 2nd quarter. Fishman Jay A Ltd. MI now owns 5,208 shares of the financial services provider’s stock valued at $348,000 after acquiring an additional 1,000 shares in the last quarter. Dowling & Yahnke LLC boosted its holdings in shares of Citigroup by 1.0% during the 2nd quarter. Dowling & Yahnke LLC now owns 79,983 shares of the financial services provider’s stock valued at $5,349,000 after acquiring an additional 754 shares in the last quarter. State of Wisconsin Investment Board boosted its holdings in shares of Citigroup by 12.3% during the 2nd quarter. State of Wisconsin Investment Board now owns 3,842,432 shares of the financial services provider’s stock valued at $256,982,000 after acquiring an additional 419,830 shares in the last quarter. Finally, Northpointe Capital LLC boosted its holdings in shares of Citigroup by 4.6% during the 2nd quarter. Northpointe Capital LLC now owns 118,426 shares of the financial services provider’s stock valued at $7,920,000 after acquiring an additional 5,197 shares in the last quarter. 80.94% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts recently issued reports on C shares. Nomura raised their target price on Citigroup from $80.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, October 13th. Credit Suisse Group reaffirmed a “buy” rating and set a $83.00 target price (up from $73.00) on shares of Citigroup in a research report on Monday, October 9th. They noted that the move was a valuation call. BidaskClub lowered Citigroup from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 17th. Vetr raised Citigroup from a “hold” rating to a “buy” rating and set a $80.92 target price for the company in a research report on Monday, December 4th. Finally, Wells Fargo & Co set a $95.00 target price on Citigroup and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $79.90.
Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.09. The business had revenue of $17.26 billion during the quarter, compared to the consensus estimate of $17.23 billion. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The company’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.14 EPS. equities research analysts expect that Citigroup Inc will post 6.4 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be paid a dividend of $0.32 per share. The ex-dividend date is Friday, February 2nd. This represents a $1.28 dividend on an annualized basis and a yield of 1.66%. Citigroup’s dividend payout ratio (DPR) is currently -41.29%.
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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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