Thompson Siegel & Walmsley LLC lessened its position in shares of Citigroup (NYSE:C) by 17.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 90,530 shares of the financial services provider’s stock after selling 18,845 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Citigroup were worth $6,111,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its stake in shares of 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 acquiring an additional 6,688,305 shares during the last quarter. Lansdowne Partners UK LLP lifted its stake in shares of Citigroup by 43.4% during the 4th quarter. Lansdowne Partners UK LLP now owns 9,901,315 shares of the financial services provider’s stock worth $736,758,000 after acquiring an additional 2,997,928 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its stake in shares of Citigroup by 41.7% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 8,204,957 shares of the financial services provider’s stock worth $610,531,000 after acquiring an additional 2,416,598 shares during the last quarter. Mackenzie Financial Corp lifted its stake in shares of Citigroup by 50.0% during the 4th quarter. Mackenzie Financial Corp now owns 5,730,023 shares of the financial services provider’s stock worth $426,371,000 after acquiring an additional 1,909,362 shares during the last quarter. Finally, Fred Alger Management Inc. lifted its stake in shares of Citigroup by 16,017.7% during the 4th quarter. Fred Alger Management Inc. now owns 1,414,005 shares of the financial services provider’s stock worth $105,216,000 after acquiring an additional 1,405,232 shares during the last quarter. Institutional investors and hedge funds own 76.78% of the company’s stock.
A number of brokerages have weighed in on C. ValuEngine raised Citigroup from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 9th. UBS raised Citigroup from a “neutral” rating to a “buy” rating and lifted their target price for the company from $78.00 to $80.00 in a research report on Thursday, April 5th. DZ Bank raised Citigroup from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Vining Sparks reiterated a “buy” rating and issued a $82.00 price target on shares of Citigroup in a report on Monday, April 16th. Finally, Vetr downgraded Citigroup from a “sell” rating to a “strong sell” rating and set a $70.80 price target on the stock. in a report on Monday, January 29th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $80.79.
Citigroup opened at $69.96 on Monday, MarketBeat reports. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.30. The stock has a market cap of $179.80 billion, a price-to-earnings ratio of 13.13, a PEG ratio of 1.01 and a beta of 1.55. Citigroup has a fifty-two week low of $59.87 and a fifty-two week high of $80.70.
Citigroup (NYSE:C) last posted its quarterly earnings results on Friday, April 13th. The financial services provider reported $1.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.07. The business had revenue of $18.87 billion for the quarter, compared to the consensus estimate of $18.89 billion. Citigroup had a positive return on equity of 8.13% and a negative net margin of 6.28%. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.35 EPS. research analysts forecast that Citigroup will post 6.48 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 25th. Stockholders of record on Monday, May 7th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Friday, May 4th. This represents a $1.28 annualized dividend and a dividend yield of 1.83%. Citigroup’s dividend payout ratio (DPR) is presently 24.02%.
In other news, CFO John C. Gerspach sold 12,966 shares of the business’s stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $72.31, for a total value of $937,571.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.11% of the company’s stock.
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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