Vaughan Nelson Investment Management L.P. increased its holdings in shares of Citigroup Inc (NYSE:C) by 2.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 540,178 shares of the financial services provider’s stock after acquiring an additional 13,475 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Citigroup were worth $40,195,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. FMR LLC grew its holdings in Citigroup by 3.8% in the second quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock valued at $7,343,721,000 after purchasing an additional 4,061,637 shares during the last quarter. Harris Associates L P lifted its position in shares of Citigroup by 0.5% in the second quarter. Harris Associates L P now owns 41,350,951 shares of the financial services provider’s stock valued at $2,765,551,000 after acquiring an additional 221,171 shares in the last quarter. Northern Trust Corp lifted its position in shares of Citigroup by 3.1% in the second quarter. Northern Trust Corp now owns 34,097,795 shares of the financial services provider’s stock valued at $2,280,461,000 after acquiring an additional 1,011,532 shares in the last quarter. Boston Partners lifted its position in shares of Citigroup by 3.4% in the third quarter. Boston Partners now owns 24,591,045 shares of the financial services provider’s stock valued at $1,788,752,000 after acquiring an additional 817,162 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Citigroup by 4.7% in the third quarter. Ameriprise Financial Inc. now owns 24,118,886 shares of the financial services provider’s stock valued at $1,754,343,000 after acquiring an additional 1,091,989 shares in the last quarter. 80.71% of the stock is currently owned by institutional investors.
C has been the topic of several recent research reports. ValuEngine upgraded Citigroup from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Barclays upped their price objective on Citigroup from $76.00 to $93.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Vetr downgraded 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. Raymond James Financial initiated coverage on Citigroup in a research report on Tuesday, October 31st. They issued a “hold” rating on the stock. Finally, Credit Suisse Group restated a “buy” rating and issued a $86.00 price objective on shares of Citigroup in a research report on Thursday, January 4th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Citigroup has an average rating of “Buy” and a consensus price target of $79.65.
Citigroup (NYSE:C) last released its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.09. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The firm had revenue of $17.26 billion for the quarter, compared to the consensus estimate of $17.23 billion. During the same period in the prior year, the business posted $1.14 earnings per share. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. analysts predict that Citigroup Inc will post 6.4 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 5th will be given a dividend of $0.32 per share. The ex-dividend date is Friday, February 2nd. This represents a $1.28 annualized dividend and a yield of 1.71%. Citigroup’s dividend payout ratio (DPR) is presently 23.06%.
Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.
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