Lansdowne Partners UK LLP boosted its stake in Citigroup (NYSE:C) by 43.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,901,315 shares of the financial services provider’s stock after purchasing an additional 2,997,928 shares during the period. Citigroup comprises 6.8% of Lansdowne Partners UK LLP’s investment portfolio, making the stock its 7th largest position. Lansdowne Partners UK LLP owned 0.39% of Citigroup worth $736,758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently made changes to their positions in C. Capital Research Global Investors grew its position in shares of Citigroup by 1.3% in the 2nd quarter. Capital Research Global Investors now owns 17,606,438 shares of the financial services provider’s stock worth $1,177,519,000 after buying an additional 221,934 shares during the last quarter. Odey Asset Management Group Ltd bought a new stake in shares of Citigroup in the 2nd quarter worth approximately $2,541,000. Samlyn Capital LLC grew its position in shares of Citigroup by 2.2% in the 2nd quarter. Samlyn Capital LLC now owns 653,245 shares of the financial services provider’s stock worth $43,689,000 after buying an additional 14,250 shares during the last quarter. Credit Capital Investments LLC grew its position in shares of Citigroup by 31.0% in the 2nd quarter. Credit Capital Investments LLC now owns 38,000 shares of the financial services provider’s stock worth $2,541,000 after buying an additional 9,000 shares during the last quarter. Finally, Prudential PLC grew its position in shares of Citigroup by 22.4% in the 2nd quarter. Prudential PLC now owns 4,707,283 shares of the financial services provider’s stock worth $314,823,000 after buying an additional 860,564 shares during the last quarter. 80.08% of the stock is currently owned by institutional investors and hedge funds.
Shares of C stock opened at $67.90 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.01 and a current ratio of 1.01. Citigroup has a 1 year low of $56.55 and a 1 year high of $80.70. The firm has a market capitalization of $180,701.33, a P/E ratio of -21.90, a P/E/G ratio of 1.02 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 the Thomson Reuters’ 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 business had revenue of $17.26 billion for the quarter, compared to the consensus estimate of $17.23 billion. During the same period in the previous year, the company posted $1.14 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. research analysts predict that Citigroup will post 6.41 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Monday, February 5th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend was Friday, February 2nd. Citigroup’s dividend payout ratio (DPR) is -41.29%.
C has been the topic of a number of recent analyst reports. ValuEngine upgraded Citigroup from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Barclays lifted 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 lowered Citigroup from a “buy” rating to a “hold” rating and set a $76.38 price objective on the stock. in a research report on Wednesday, November 29th. Vertical Group lowered Citigroup from a “buy” rating to a “hold” rating in a research report on Wednesday, January 17th. Finally, Jefferies Group reiterated a “hold” rating and issued a $83.00 price objective on shares of Citigroup in a research report on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $79.69.
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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.
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