Horan Capital Management trimmed its holdings in shares of Citigroup Inc (NYSE:C) by 1.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 270,130 shares of the financial services provider’s stock after selling 3,363 shares during the quarter. Citigroup accounts for 4.0% of Horan Capital Management’s holdings, making the stock its 7th biggest position. Horan Capital Management’s holdings in Citigroup were worth $20,100,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of C. Janus Henderson Group PLC increased its stake in Citigroup by 227.4% during the 3rd quarter. Janus Henderson Group PLC now owns 9,629,422 shares of the financial services provider’s stock worth $700,395,000 after purchasing an additional 6,688,305 shares in the last quarter. Lazard Asset Management LLC grew its stake in shares of Citigroup by 109.5% during the 2nd quarter. Lazard Asset Management LLC now owns 9,292,727 shares of the financial services provider’s stock worth $621,497,000 after acquiring an additional 4,856,866 shares in the last quarter. PointState Capital LP bought a new position in shares of Citigroup during the 2nd quarter worth approximately $321,322,000. The Manufacturers Life Insurance Company grew its stake in shares of Citigroup by 42.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,815,133 shares of the financial services provider’s stock worth $990,836,000 after acquiring an additional 4,413,329 shares in the last quarter. Finally, FMR LLC grew its stake in shares of Citigroup by 3.8% during the 2nd quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock worth $7,343,721,000 after acquiring an additional 4,061,637 shares in the last quarter. 79.62% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have recently weighed in on the stock. ValuEngine raised shares of Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Deutsche Bank set a $74.00 price target on shares of Citigroup and gave the stock a “neutral” rating in a research note on Wednesday, January 17th. Raymond James Financial assumed coverage on shares of Citigroup in a research note on Tuesday, October 31st. They set a “hold” rating for the company. Wells Fargo & Co set a $100.00 price target on shares of Citigroup and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $86.00 price target on shares of Citigroup in a research note on Thursday, January 4th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Citigroup presently has a consensus rating of “Buy” and an average target price of $79.65.
Shares of Citigroup Inc (NYSE C) opened at $76.82 on Tuesday. Citigroup Inc has a twelve month low of $56.55 and a twelve month high of $80.70. The stock has a market capitalization of $197,427.38, a price-to-earnings ratio of -24.78, a price-to-earnings-growth 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 (NYSE:C) last announced its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.09. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The business had revenue of $17.26 billion during the quarter, compared to the consensus estimate of $17.23 billion. During the same quarter last year, the firm posted $1.14 EPS. The company’s quarterly revenue was up 1.4% on a year-over-year basis. equities research analysts expect that Citigroup Inc will post 6.4 earnings per share for the current fiscal year.
The firm 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 dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.67%. The ex-dividend date is Friday, February 2nd. Citigroup’s dividend payout ratio is -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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