Hyman Charles D Takes $220,000 Position in Citigroup Inc. (NYSE:C)

Hyman Charles D purchased a new position in shares of Citigroup Inc. (NYSE:C) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,274 shares of the company’s stock, valued at approximately $220,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in C. International Assets Investment Management LLC acquired a new position in shares of Citigroup during the 4th quarter worth approximately $2,109,120,000. Greenhaven Associates Inc. increased its holdings in Citigroup by 22.4% in the fourth quarter. Greenhaven Associates Inc. now owns 16,113,305 shares of the company’s stock valued at $828,868,000 after buying an additional 2,948,512 shares during the last quarter. AQR Capital Management LLC increased its holdings in Citigroup by 42.4% in the third quarter. AQR Capital Management LLC now owns 6,484,540 shares of the company’s stock valued at $266,709,000 after buying an additional 1,930,296 shares during the last quarter. Fisher Asset Management LLC increased its holdings in Citigroup by 8.0% in the fourth quarter. Fisher Asset Management LLC now owns 24,751,813 shares of the company’s stock valued at $1,273,233,000 after buying an additional 1,832,819 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in Citigroup by 251.1% in the third quarter. Canada Pension Plan Investment Board now owns 2,356,177 shares of the company’s stock valued at $96,910,000 after buying an additional 1,685,100 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on C. Societe Generale downgraded shares of Citigroup from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. HSBC raised their price target on Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Oppenheimer dropped their price target on Citigroup from $87.00 to $86.00 and set an “outperform” rating for the company in a research report on Tuesday, April 30th. Morgan Stanley raised Citigroup from an “underweight” rating to an “overweight” rating and increased their price objective for the company from $46.00 to $65.00 in a research note on Tuesday, January 30th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Citigroup in a research note on Monday, April 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $62.85.

Citigroup Price Performance

Shares of NYSE:C traded down $0.81 on Tuesday, hitting $62.00. The stock had a trading volume of 10,038,142 shares, compared to its average volume of 16,616,920. The firm’s 50 day moving average price is $59.85 and its 200-day moving average price is $52.95. The company has a market capitalization of $118.75 billion, a price-to-earnings ratio of 18.34, a price-to-earnings-growth ratio of 0.92 and a beta of 1.49. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.95 and a current ratio of 0.95. Citigroup Inc. has a twelve month low of $38.17 and a twelve month high of $63.90.

Citigroup (NYSE:C) last announced its quarterly earnings data on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.29. The firm had revenue of $21.10 billion during the quarter, compared to analysts’ expectations of $20.46 billion. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.86 EPS. On average, equities research analysts predict that Citigroup Inc. will post 5.98 earnings per share for the current year.

Citigroup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be issued a dividend of $0.53 per share. The ex-dividend date is Friday, May 3rd. This represents a $2.12 annualized dividend and a yield of 3.42%. Citigroup’s dividend payout ratio (DPR) is currently 62.72%.

About Citigroup

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.