UBS Asset Management Americas Inc. boosted its holdings in shares of Citigroup Inc (NYSE:C) by 1.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 8,141,733 shares of the financial services provider’s stock after buying an additional 77,678 shares during the period. UBS Asset Management Americas Inc.’s holdings in Citigroup were worth $605,826,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. Janus Henderson Group PLC grew its position in shares of Citigroup by 227.4% in 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. PointState Capital LP acquired a new stake in shares of Citigroup in the second quarter valued at about $321,322,000. The Manufacturers Life Insurance Company grew its position in shares of Citigroup by 42.4% in 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 purchasing an additional 4,413,329 shares during the last quarter. FMR LLC grew its position 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 during the last quarter. Finally, Parametric Portfolio Associates LLC grew its position in shares of Citigroup by 64.8% in the second quarter. Parametric Portfolio Associates LLC now owns 7,477,188 shares of the financial services provider’s stock valued at $500,074,000 after purchasing an additional 2,939,686 shares during the last quarter. 80.21% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts recently weighed in on the stock. ValuEngine upgraded 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 target price on shares of Citigroup and gave the company a “neutral” rating in a research note on Wednesday, January 17th. 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. Credit Suisse Group restated a “buy” rating and set a $86.00 price target on shares of Citigroup in a research note on Thursday, January 4th. Finally, JPMorgan Chase & Co. set a $80.00 price target on shares of Citigroup and gave the stock 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 issued a hold rating and fifteen have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $79.65.
Shares of Citigroup Inc (C) opened at $76.08 on Tuesday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.30. Citigroup Inc has a fifty-two week low of $56.55 and a fifty-two week high of $80.70. The company has a market cap of $201,000.00, a price-to-earnings ratio of 13.97, a price-to-earnings-growth ratio of 1.10 and a beta of 1.51.
Citigroup (NYSE:C) last released its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 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 7.61%. The firm had revenue of $17.26 billion during the quarter, compared to analyst estimates of $17.23 billion. During the same quarter in the previous year, the business earned $1.14 EPS. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. equities analysts forecast that Citigroup Inc will post 6.41 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Monday, February 5th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.68%. Citigroup’s dividend payout ratio is 23.53%.
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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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