Systematic Financial Management LP decreased its holdings in shares of Citigroup Inc (NYSE:C) by 5.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 126,886 shares of the financial services provider’s stock after selling 7,147 shares during the quarter. Systematic Financial Management LP’s holdings in Citigroup were worth $9,442,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Janus Henderson Group PLC lifted its stake in Citigroup by 227.4% in the third quarter. Janus Henderson Group PLC now owns 9,629,422 shares of the financial services provider’s stock valued at $700,395,000 after acquiring an additional 6,688,305 shares during the last quarter. PointState Capital LP acquired a new stake in shares of Citigroup during the 2nd quarter worth about $321,322,000. The Manufacturers Life Insurance Company lifted its stake in shares of Citigroup by 42.4% during the 2nd 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 during the last quarter. FMR LLC lifted its stake in shares of Citigroup by 3.8% during the 2nd 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 during the last quarter. Finally, Parametric Portfolio Associates LLC lifted its stake in shares of Citigroup by 64.8% during the 2nd 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 during the last quarter. Institutional investors and hedge funds own 80.21% of the company’s stock.
A number of analysts have recently issued reports on C shares. Vetr cut shares of Citigroup from a “buy” rating to a “hold” rating and set a $76.38 target price for the company. in a research note on Wednesday, November 29th. Nomura raised their target price on shares of Citigroup to $84.00 and gave the stock a “buy” rating in a research note on Monday, December 11th. Credit Suisse Group restated a “buy” rating and set a $83.00 target price on shares of Citigroup in a research note on Tuesday, December 12th. Keefe, Bruyette & Woods raised their target price on shares of Citigroup from $80.00 to $87.00 and gave the stock an “outperform” rating in a research note on Thursday, December 14th. Finally, Wells Fargo & Co set a $95.00 target price on shares of Citigroup and gave the stock a “buy” rating in a research note on Wednesday, December 20th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $79.65.
Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.09. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.61%. The business had revenue of $17.26 billion for the quarter, compared to analyst estimates of $17.23 billion. During the same period last year, the firm earned $1.14 earnings per share. Citigroup’s revenue for the quarter was up 1.4% compared to the same quarter last year. analysts anticipate that Citigroup Inc will post 6.41 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Monday, February 5th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend was Friday, February 2nd. Citigroup’s dividend payout ratio is -41.29%.
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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