Citigroup Inc (C) Position Raised by Jennison Associates LLC

Jennison Associates LLC increased its position in shares of Citigroup Inc (NYSE:C) by 7.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,243,094 shares of the financial services provider’s stock after purchasing an additional 226,141 shares during the period. Jennison Associates LLC owned 0.13% of Citigroup worth $241,319,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Beach Investment Management LLC. increased its position in shares of Citigroup by 895.5% during the second 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 during the last quarter. RFG Advisory Group LLC acquired a new stake in shares of Citigroup during the second quarter valued at about $203,000. Geneva Advisors LLC increased its position in shares of Citigroup by 3.1% during the second quarter. Geneva Advisors LLC now owns 12,816 shares of the financial services provider’s stock valued at $857,000 after acquiring an additional 381 shares during the last quarter. Genesee Valley Trust Co. increased its position in shares of Citigroup by 25.6% during the second quarter. Genesee Valley Trust Co. now owns 24,516 shares of the financial services provider’s stock valued at $1,640,000 after acquiring an additional 5,003 shares during the last quarter. Finally, Fagan Associates Inc. acquired a new stake in shares of Citigroup during the second quarter valued at about $884,000. Hedge funds and other institutional investors own 80.71% of the company’s stock.

Citigroup Inc (NYSE:C) opened at $74.76 on Tuesday. Citigroup Inc has a 12 month low of $56.55 and a 12 month high of $80.70. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.29. The stock has a market cap of $189,357.58, a P/E ratio of 13.82, a P/E/G ratio of 1.07 and a beta of 1.54.

Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.09. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.60%. The company had revenue of $17.26 billion during the quarter, compared to the consensus estimate of $17.23 billion. During the same quarter in the previous year, the firm earned $1.14 earnings per share. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. equities research analysts forecast that Citigroup Inc will post 6.4 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 5th will be paid a $0.32 dividend. The ex-dividend date is Friday, February 2nd. This represents a $1.28 dividend on an annualized basis and a yield of 1.71%. Citigroup’s dividend payout ratio is currently -41.29%.

A number of equities research analysts have weighed in on the stock. Macquarie lifted their price target on shares of Citigroup from $82.00 to $84.00 and gave the company a “neutral” rating in a research report on Monday. Royal Bank of Canada reiterated an “outperform” rating and set a $85.00 price target on shares of Citigroup in a research report on Wednesday, January 17th. DZ Bank raised shares of Citigroup from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Deutsche Bank set a $74.00 price objective on shares of Citigroup and gave the company a “neutral” rating in a research note on Wednesday, January 17th. Finally, JPMorgan Chase & Co. set a $80.00 price objective on shares of Citigroup and gave the company a “buy” rating in a research note on Wednesday, January 17th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $79.65.

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About Citigroup

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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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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