TCW Group Inc. Cuts Position in Citigroup (C)

TCW Group Inc. decreased its holdings in Citigroup (NYSE:C) by 7.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,385,265 shares of the financial services provider’s stock after selling 289,803 shares during the period. Citigroup comprises approximately 2.0% of TCW Group Inc.’s investment portfolio, making the stock its 8th biggest holding. TCW Group Inc. owned approximately 0.13% of Citigroup worth $251,897,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in C. Janus Henderson Group PLC increased its stake 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 purchasing an additional 6,688,305 shares during the period. PointState Capital LP acquired a new stake in Citigroup during the second quarter worth approximately $321,322,000. The Manufacturers Life Insurance Company grew its position in 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. FMR LLC grew its position in Citigroup by 3.8% during the second quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock worth $7,343,721,000 after buying an additional 4,061,637 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its position in 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. Hedge funds and other institutional investors own 80.16% of the company’s stock.

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Shares of C stock opened at $68.60 on Friday. The firm has a market capitalization of $178,131.27, a price-to-earnings ratio of 12.87, a price-to-earnings-growth ratio of 1.01 and a beta of 1.56. Citigroup has a fifty-two week low of $57.55 and a fifty-two week high of $80.70. 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 (NYSE:C) last released its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, beating 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 company had revenue of $17.26 billion for the quarter, compared to the consensus estimate of $17.23 billion. During the same quarter last year, the business posted $1.14 EPS. Citigroup’s revenue for the quarter was up 1.4% on a year-over-year basis. analysts forecast that Citigroup will post 6.4 earnings per share for the current year.

A number of equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods reissued a “hold” rating and set a $74.00 price target on shares of Citigroup in a research report on Thursday. UBS raised Citigroup from a “neutral” rating to a “buy” rating and increased their price target for the stock from $78.00 to $80.00 in a research report on Thursday. Vining Sparks raised Citigroup to a “buy” rating and set a $80.00 price target on the stock in a research report on Friday. TheStreet downgraded Citigroup from a “b-” rating to a “c+” rating in a research report on Tuesday, March 27th. Finally, Jefferies Group reissued a “hold” rating and set a $83.00 price target on shares of Citigroup in a research report on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have given a buy rating to the company. Citigroup has a consensus rating of “Hold” and a consensus price target of $80.69.

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Citigroup 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.

Institutional Ownership by Quarter for Citigroup (NYSE:C)

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