Delta Capital Management LLC trimmed its stake in shares of Citigroup Inc (NYSE:C) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,061 shares of the financial services provider’s stock after selling 1,070 shares during the quarter. Citigroup makes up 4.0% of Delta Capital Management LLC’s investment portfolio, making the stock its 2nd largest position. Delta Capital Management LLC’s holdings in Citigroup were worth $6,404,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Janus Henderson Group PLC lifted its holdings in Citigroup by 227.4% in the 3rd quarter. Janus Henderson Group PLC now owns 9,629,422 shares of the financial services provider’s stock worth $700,395,000 after buying an additional 6,688,305 shares during the period. Lazard Asset Management LLC lifted its holdings in Citigroup by 109.5% in the 2nd quarter. Lazard Asset Management LLC now owns 9,292,727 shares of the financial services provider’s stock worth $621,497,000 after buying an additional 4,856,866 shares during the period. PointState Capital LP purchased a new stake in Citigroup in the 2nd quarter worth approximately $321,322,000. The Manufacturers Life Insurance Company lifted its holdings in Citigroup by 42.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,815,133 shares of the financial services provider’s stock worth $990,836,000 after buying an additional 4,413,329 shares during the period. Finally, FMR LLC lifted its holdings in Citigroup by 3.8% in the 2nd quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock worth $7,343,721,000 after buying an additional 4,061,637 shares during the period. Institutional investors and hedge funds own 80.71% of the company’s stock.
C has been the subject of several research analyst reports. Raymond James Financial assumed coverage on Citigroup in a report on Tuesday, October 31st. They issued a “hold” rating for the company. Nomura raised their target price on Citigroup to $84.00 and gave the company a “buy” rating in a research note on Monday, December 11th. Credit Suisse Group restated a “buy” rating and issued a $83.00 target price on shares of Citigroup in a research note on Tuesday, December 12th. Wells Fargo & Co set a $95.00 target price on Citigroup and gave the company a “buy” rating in a research note on Wednesday, December 20th. Finally, Keefe, Bruyette & Woods raised their target price on Citigroup from $80.00 to $87.00 and gave the company an “outperform” rating in a research note on Thursday, December 14th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $79.65.
Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.09. The business had revenue of $17.26 billion during the quarter, compared to analysts’ expectations of $17.23 billion. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.14 earnings per share. equities research analysts forecast that Citigroup Inc will post 6.4 EPS for the current fiscal year.
The business also recently disclosed 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. This represents a $1.28 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend is Friday, February 2nd. Citigroup’s payout ratio is -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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