Jennison Associates LLC Boosts Stake in Citigroup Inc (C)

Jennison Associates LLC increased its holdings in Citigroup Inc (NYSE:C) by 7.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,243,094 shares of the financial services provider’s stock after buying an additional 226,141 shares during the period. Jennison Associates LLC owned 0.13% of Citigroup worth $241,319,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Janus Henderson Group PLC lifted its holdings in shares of Citigroup by 227.4% during the third quarter. Janus Henderson Group PLC now owns 9,629,422 shares of the financial services provider’s stock valued at $700,395,000 after purchasing an additional 6,688,305 shares during the last quarter. Lazard Asset Management LLC increased its position in shares of Citigroup by 109.5% during the second quarter. Lazard Asset Management LLC now owns 9,292,727 shares of the financial services provider’s stock valued at $621,497,000 after acquiring an additional 4,856,866 shares in the last quarter. PointState Capital LP bought a new stake in shares of Citigroup during the second quarter valued at approximately $321,322,000. The Manufacturers Life Insurance Company increased its position in shares of Citigroup by 42.4% during the second quarter. The Manufacturers Life Insurance Company now owns 14,815,133 shares of the financial services provider’s stock valued at $990,836,000 after acquiring an additional 4,413,329 shares in the last quarter. Finally, FMR LLC increased its position in shares of Citigroup by 3.8% during 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 acquiring an additional 4,061,637 shares in the last quarter. Institutional investors own 79.62% of the company’s stock.

A number of equities research analysts have commented on C shares. Wells Fargo & Co set a $100.00 target price on shares of Citigroup and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Credit Suisse Group reissued a “buy” rating and set a $86.00 price objective on shares of Citigroup in a research report on Thursday, January 4th. Nomura boosted their price objective on shares of Citigroup to $84.00 and gave the company a “buy” rating in a research report on Monday, December 11th. Vetr upgraded shares of Citigroup from a “hold” rating to a “buy” rating and set a $80.92 target price on the stock in a research note on Monday, December 4th. Finally, JPMorgan Chase & Co. set a $80.00 target price on shares of Citigroup and gave the company a “buy” rating in a research note on Wednesday, January 17th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $79.65.

Shares of Citigroup Inc (NYSE C) traded down $0.28 on Tuesday, hitting $76.54. 6,040,597 shares of the stock traded hands, compared to its average volume of 16,754,316. Citigroup Inc has a 52-week low of $56.55 and a 52-week high of $80.70. The stock has a market cap of $203,400.00, a PE ratio of 13.79, a PEG ratio of 1.12 and a beta of 1.54. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.01 and a quick ratio of 1.01.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, beating the Zacks’ consensus estimate 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 analysts’ expectations of $17.23 billion. During the same quarter in the prior year, the company posted $1.14 earnings per share. Citigroup’s revenue for the quarter was up 1.4% compared to the same quarter last year. equities analysts expect that Citigroup Inc will post 6.4 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be issued a $0.32 dividend. The ex-dividend date is Friday, February 2nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.67%. Citigroup’s dividend payout ratio is currently 23.06%.

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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.

Institutional Ownership by Quarter for Citigroup (NYSE:C)

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