Robeco Institutional Asset Management B.V. lifted its position in shares of Citigroup Inc (NYSE:C) by 30.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,143,602 shares of the financial services provider’s stock after purchasing an additional 729,368 shares during the period. Citigroup comprises approximately 1.2% of Robeco Institutional Asset Management B.V.’s portfolio, making the stock its 6th largest position. Robeco Institutional Asset Management B.V. owned approximately 0.12% of Citigroup worth $233,917,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its position in shares of Citigroup by 206.0% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 1,030 shares during the last quarter. Balentine LLC lifted its position in shares of Citigroup by 20.2% during the 2nd quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 272 shares during the last quarter. Acrospire Investment Management LLC lifted its position in Citigroup by 21.4% in the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock valued at $114,000 after acquiring an additional 300 shares during the last quarter. Sawyer & Company Inc purchased a new stake in Citigroup in the fourth quarter valued at $117,000. Finally, Baldwin Brothers Inc. MA lifted its position in Citigroup by 88.4% in the fourth quarter. Baldwin Brothers Inc. MA now owns 1,598 shares of the financial services provider’s stock valued at $119,000 after acquiring an additional 750 shares during the last quarter. 80.71% of the stock is owned by institutional investors and hedge funds.
Shares of Citigroup Inc (NYSE C) opened at $75.18 on Wednesday. Citigroup Inc has a 1-year low of $56.55 and a 1-year 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 company has a market cap of $192,133.19, a PE ratio of -24.25, a PEG ratio of 1.09 and a beta of 1.54.
Citigroup (NYSE:C) last announced its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, beating 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 business had revenue of $17.26 billion during the quarter, compared to analysts’ expectations of $17.23 billion. During the same period in the prior year, the company earned $1.14 earnings per share. The business’s revenue was up 1.4% compared to the same quarter last year. sell-side analysts anticipate that Citigroup Inc will post 6.4 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Monday, February 5th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.70%. Citigroup’s payout ratio is -41.29%.
A number of equities research analysts recently weighed in on the stock. Macquarie reissued a “neutral” rating and issued a $84.00 price target (up from $82.00) on shares of Citigroup in a research report on Monday. ValuEngine raised shares of Citigroup from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 9th. Vetr cut shares of Citigroup from a “sell” rating to a “strong sell” rating and set a $61.20 price target for the company. in a research report on Monday, February 5th. Morgan Stanley boosted their price target on shares of Citigroup from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Finally, Jefferies Group reissued a “hold” rating and issued a $83.00 price target on shares of Citigroup in a research report on Tuesday, January 16th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Citigroup has an average rating of “Buy” and an average price target of $79.65.
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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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