Citigroup Inc. (NYSE:C) Holdings Raised by AM Investment Strategies LLC

AM Investment Strategies LLC grew its stake in shares of Citigroup Inc. (NYSE:C) by 3.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,736 shares of the company’s stock after purchasing an additional 1,178 shares during the period. AM Investment Strategies LLC’s holdings in Citigroup were worth $1,735,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of C. Northern Trust Corp lifted its stake in Citigroup by 1.2% in the 3rd quarter. Northern Trust Corp now owns 20,051,311 shares of the company’s stock worth $824,710,000 after acquiring an additional 232,652 shares in the last quarter. Pzena Investment Management LLC raised its stake in shares of Citigroup by 3.0% during the 3rd quarter. Pzena Investment Management LLC now owns 16,627,430 shares of the company’s stock worth $683,886,000 after purchasing an additional 486,952 shares in the last quarter. Greenhaven Associates Inc. raised its stake in shares of Citigroup by 22.4% during the 4th quarter. Greenhaven Associates Inc. now owns 16,113,305 shares of the company’s stock worth $828,868,000 after purchasing an additional 2,948,512 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Citigroup by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 13,751,201 shares of the company’s stock worth $565,587,000 after purchasing an additional 192,631 shares in the last quarter. Finally, Sanders Capital LLC raised its stake in shares of Citigroup by 0.3% during the 3rd quarter. Sanders Capital LLC now owns 11,496,482 shares of the company’s stock worth $472,850,000 after purchasing an additional 30,501 shares in the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Price Performance

Shares of NYSE:C traded down $0.69 during trading on Thursday, reaching $61.78. The stock had a trading volume of 13,330,685 shares, compared to its average volume of 17,043,361. Citigroup Inc. has a 52 week low of $38.17 and a 52 week high of $63.90. The business’s 50-day moving average price is $58.94 and its 200 day moving average price is $51.77. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization of $118.33 billion, a PE ratio of 18.28, a P/E/G ratio of 0.94 and a beta of 1.52.

Citigroup (NYSE:C) last posted its quarterly earnings data on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.29. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The firm had revenue of $21.10 billion during the quarter, compared to analysts’ expectations of $20.46 billion. During the same quarter in the previous year, the company posted $1.86 EPS. Citigroup’s revenue was down 1.6% on a year-over-year basis. As a group, equities analysts predict that Citigroup Inc. will post 5.97 earnings per share for the current year.

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be given a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 3.43%. The ex-dividend date of this dividend is Friday, May 3rd. Citigroup’s dividend payout ratio (DPR) is presently 62.72%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Barclays increased their price objective on Citigroup from $59.00 to $63.00 and gave the company an “equal weight” rating in a report on Tuesday, January 2nd. The Goldman Sachs Group reissued a “buy” rating on shares of Citigroup in a report on Monday, April 1st. Wells Fargo & Company reissued an “overweight” rating and set a $80.00 price objective on shares of Citigroup in a report on Monday, April 1st. BMO Capital Markets lowered Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 price objective on the stock. in a report on Wednesday, January 10th. Finally, Wolfe Research raised Citigroup from a “peer perform” rating to an “outperform” rating and set a $58.00 price objective on the stock in a report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.91.

Citigroup Company Profile

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.