Pzena Investment Management LLC grew its holdings in shares of Citigroup (NYSE:C) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,363,979 shares of the financial services provider’s stock after purchasing an additional 42,595 shares during the period. Citigroup comprises about 3.1% of Pzena Investment Management LLC’s portfolio, making the stock its 3rd biggest position. Pzena Investment Management LLC owned about 0.33% of Citigroup worth $622,364,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of C. Janus Henderson Group PLC grew its position 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 worth $700,395,000 after buying an additional 6,688,305 shares in the last quarter. PointState Capital LP acquired a new position in shares of Citigroup during the second quarter worth about $321,322,000. The Manufacturers Life Insurance Company grew 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 worth $990,836,000 after buying an additional 4,413,329 shares in the last quarter. Parametric Portfolio Associates LLC grew its position in shares of Citigroup by 64.8% during the second quarter. Parametric Portfolio Associates LLC now owns 7,477,188 shares of the financial services provider’s stock worth $500,074,000 after buying an additional 2,939,686 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its position in shares of Citigroup by 71.9% during the third quarter. Canada Pension Plan Investment Board now owns 5,777,086 shares of the financial services provider’s stock worth $420,225,000 after buying an additional 2,416,400 shares in the last quarter. Institutional investors own 80.21% of the company’s stock.
Citigroup (NYSE:C) opened at $73.47 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $188,488.63, a P/E ratio of -23.70, a P/E/G ratio of 1.06 and a beta of 1.51. Citigroup has a fifty-two week low of $56.55 and a fifty-two week high of $80.70.
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 Zacks’ consensus estimate of $1.19 by $0.09. Citigroup had a positive return on equity of 7.61% and a negative net margin of 7.05%. The firm had revenue of $17.26 billion during the quarter, compared to the consensus estimate of $17.23 billion. During the same period in the prior year, the company posted $1.14 earnings per share. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. equities analysts anticipate that Citigroup will post 6.41 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Monday, February 5th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend was Friday, February 2nd. Citigroup’s dividend payout ratio is currently -41.29%.
A number of equities analysts have recently commented on C shares. ValuEngine raised Citigroup from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Barclays boosted their price objective on Citigroup from $76.00 to $93.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Vetr downgraded Citigroup from a “buy” rating to a “hold” rating and set a $76.38 price objective for the company. in a research report on Wednesday, November 29th. Vertical Group downgraded Citigroup from a “buy” rating to a “hold” rating in a research report on Wednesday, January 17th. Finally, Jefferies Group reissued a “hold” rating and set a $83.00 price objective on shares of Citigroup in a research report on Tuesday, January 16th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have assigned a buy rating to the stock. Citigroup currently has an average rating of “Hold” and an average target price of $79.69.
COPYRIGHT VIOLATION NOTICE: This piece of content was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The correct version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/03/17/pzena-investment-management-llc-raises-holdings-in-citigroup-c.html.
Citigroup Company Profile
Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.
Want to see what other hedge funds are holding C? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citigroup (NYSE:C).
Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.