Achmea Investment Management B.V. raised its position in shares of Citigroup Inc (NYSE:C) by 2.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 386,801 shares of the financial services provider’s stock after purchasing an additional 10,178 shares during the quarter. Citigroup accounts for about 0.9% of Achmea Investment Management B.V.’s investment portfolio, making the stock its 21st largest position. Achmea Investment Management B.V.’s holdings in Citigroup were worth $26,107,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Lansdowne Partners UK LLP lifted its holdings in shares of Citigroup by 43.4% in the fourth quarter. Lansdowne Partners UK LLP now owns 9,901,315 shares of the financial services provider’s stock worth $736,758,000 after buying an additional 2,997,928 shares in the last quarter. Amundi Pioneer Asset Management Inc. lifted its holdings in shares of Citigroup by 41.7% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 8,204,957 shares of the financial services provider’s stock worth $610,531,000 after buying an additional 2,416,598 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in shares of Citigroup by 50.0% in the fourth quarter. Mackenzie Financial Corp now owns 5,730,023 shares of the financial services provider’s stock worth $426,371,000 after buying an additional 1,909,362 shares in the last quarter. Fred Alger Management Inc. lifted its holdings in shares of Citigroup by 16,017.7% in the fourth quarter. Fred Alger Management Inc. now owns 1,414,005 shares of the financial services provider’s stock worth $105,216,000 after buying an additional 1,405,232 shares in the last quarter. Finally, Ceredex Value Advisors LLC purchased a new position in shares of Citigroup in the first quarter worth $93,899,000. 76.67% of the stock is currently owned by institutional investors and hedge funds.
Citigroup opened at $67.29 on Thursday, MarketBeat Ratings 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. Citigroup Inc has a twelve month low of $63.16 and a twelve month high of $80.70. The firm has a market cap of $175.05 billion, a price-to-earnings ratio of 12.62, a PEG ratio of 0.99 and a beta of 1.51.
Citigroup (NYSE:C) last posted its quarterly earnings data on Friday, April 13th. The financial services provider reported $1.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.61 by $0.07. Citigroup had a negative net margin of 6.28% and a positive return on equity of 8.13%. The business had revenue of $18.87 billion for the quarter, compared to analysts’ expectations of $18.89 billion. During the same quarter in the previous year, the business posted $1.35 earnings per share. The business’s revenue was up 2.8% compared to the same quarter last year. analysts anticipate that Citigroup Inc will post 6.47 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 25th. Shareholders of record on Monday, May 7th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date was Friday, May 4th. Citigroup’s dividend payout ratio (DPR) is 24.02%.
C has been the topic of several research analyst reports. ValuEngine downgraded shares of Citigroup from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 1st. Daiwa Capital Markets downgraded shares of Citigroup from a “strong-buy” rating to a “buy” rating and set a $78.00 target price on the stock. in a report on Thursday, May 17th. HSBC raised shares of Citigroup from a “hold” rating to a “buy” rating and boosted their target price for the stock from $82.00 to $85.00 in a report on Wednesday, April 11th. Vining Sparks raised shares of Citigroup to a “buy” rating and set a $80.00 target price on the stock in a report on Friday, April 6th. Finally, UBS Group raised shares of Citigroup from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $78.00 to $80.00 in a report on Thursday, April 5th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $81.37.
In other Citigroup news, CFO John C. Gerspach sold 12,966 shares of the business’s stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $72.31, for a total transaction of $937,571.46. The transaction was disclosed in a legal filing with the SEC, 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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