Northpointe Capital LLC reduced its position in shares of Citigroup Inc (NYSE:C) by 2.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 103,673 shares of the financial services provider’s stock after selling 2,140 shares during the period. Northpointe Capital LLC’s holdings in Citigroup were worth $7,714,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Janus Henderson Group PLC grew its position in shares of Citigroup by 227.4% in the third quarter. Janus Henderson Group PLC now owns 9,629,422 shares of the financial services provider’s stock valued at $700,395,000 after purchasing an additional 6,688,305 shares during the last quarter. Lazard Asset Management LLC grew its position in shares of Citigroup by 109.5% in the second quarter. Lazard Asset Management LLC now owns 9,292,727 shares of the financial services provider’s stock valued at $621,497,000 after purchasing an additional 4,856,866 shares during the last quarter. PointState Capital LP acquired a new stake in shares of Citigroup in the second quarter valued at approximately $321,322,000. The Manufacturers Life Insurance Company grew its position in shares of Citigroup by 42.4% in the second quarter. The Manufacturers Life Insurance Company now owns 14,815,133 shares of the financial services provider’s stock valued at $990,836,000 after purchasing an additional 4,413,329 shares during the last quarter. Finally, FMR LLC grew its position in shares of Citigroup by 3.8% in the second quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock valued at $7,343,721,000 after purchasing an additional 4,061,637 shares during the last quarter. 80.94% of the stock is owned by hedge funds and other institutional investors.
Several analysts have recently commented on C shares. Credit Suisse Group reiterated a “buy” rating and issued a $86.00 price target on shares of Citigroup in a research report on Thursday, January 4th. BidaskClub lowered shares of Citigroup from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 17th. Wells Fargo & Co set a $95.00 price target on shares of Citigroup and gave the company a “buy” rating in a research report on Wednesday, December 20th. Nomura increased their price target on shares of Citigroup to $84.00 and gave the company a “buy” rating in a research report on Monday, December 11th. Finally, Vetr upgraded shares of Citigroup from a “hold” rating to a “buy” rating and set a $80.92 target price on the stock in a research report on Monday, December 4th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Citigroup has an average rating of “Buy” and an average target price of $79.44.
Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.09. The company had revenue of $17.26 billion for the quarter, compared to analyst estimates of $17.23 billion. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.60%. Citigroup’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter last year, the business earned $1.14 EPS. equities research analysts expect that Citigroup Inc will post 6.4 earnings per share for the current 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 issued a $0.32 dividend. The ex-dividend date is Friday, February 2nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.74%. Citigroup’s dividend payout ratio (DPR) is presently -41.29%.
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Citigroup Company Profile
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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