Locust Wood Capital Advisers LLC cut its stake in shares of Citigroup Inc (NYSE:C) by 26.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 328,310 shares of the financial services provider’s stock after selling 120,630 shares during the period. Citigroup makes up 2.3% of Locust Wood Capital Advisers LLC’s holdings, making the stock its 20th biggest holding. Locust Wood Capital Advisers LLC’s holdings in Citigroup were worth $24,430,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently made changes to their positions in C. FMR LLC grew its holdings 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 in the last quarter. Harris Associates L P grew its holdings in shares of Citigroup by 0.5% in the second quarter. Harris Associates L P now owns 41,350,951 shares of the financial services provider’s stock valued at $2,765,551,000 after purchasing an additional 221,171 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Citigroup by 3.1% in the second quarter. Northern Trust Corp now owns 34,097,795 shares of the financial services provider’s stock valued at $2,280,461,000 after purchasing an additional 1,011,532 shares in the last quarter. Boston Partners grew its holdings in shares of Citigroup by 3.4% in the third quarter. Boston Partners now owns 24,591,045 shares of the financial services provider’s stock valued at $1,788,752,000 after purchasing an additional 817,162 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of Citigroup by 4.7% in the third quarter. Ameriprise Financial Inc. now owns 24,118,886 shares of the financial services provider’s stock valued at $1,754,343,000 after purchasing an additional 1,091,989 shares in the last quarter. Institutional investors and hedge funds own 80.71% of the company’s stock.
C has been the subject of a number of research reports. ValuEngine upgraded shares of Citigroup from a “buy” rating to a “strong-buy” rating in a report on Friday, February 9th. Keefe, Bruyette & Woods boosted their price target on shares of Citigroup from $80.00 to $87.00 and gave the stock an “outperform” rating in a report on Thursday, December 14th. DZ Bank upgraded shares of Citigroup from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. Nomura set a $87.00 price target on shares of Citigroup and gave the stock a “buy” rating in a report on Wednesday, January 17th. Finally, Vetr cut shares of Citigroup from a “sell” rating to a “strong sell” rating and set a $70.80 price target for the company. in a report on Monday, January 29th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $79.65.
Shares of Citigroup Inc (NYSE C) opened at $76.82 on Friday. The firm has a market cap of $197,427.41, a P/E ratio of 14.41, a PEG ratio of 1.12 and a beta of 1.54. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.29. Citigroup Inc has a 12-month low of $56.55 and a 12-month high of $80.70.
Citigroup (NYSE:C) last issued its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.09. The business had revenue of $17.26 billion during the quarter, compared to the consensus estimate of $17.23 billion. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.60%. The company’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.14 EPS. research analysts expect that Citigroup Inc will post 6.4 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Monday, February 5th will be given a dividend of $0.32 per share. The ex-dividend date is Friday, February 2nd. This represents a $1.28 annualized dividend and a dividend yield of 1.67%. Citigroup’s dividend payout ratio 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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