Los Angeles Capital Management LLC Buys 137,520 Shares of Citigroup Inc. (NYSE:C)

Los Angeles Capital Management LLC raised its stake in Citigroup Inc. (NYSE:C) by 167.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 219,695 shares of the company’s stock after acquiring an additional 137,520 shares during the period. Los Angeles Capital Management LLC’s holdings in Citigroup were worth $11,301,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in C. Fisher Asset Management LLC raised its stake in Citigroup by 8.0% during the fourth quarter. Fisher Asset Management LLC now owns 24,751,813 shares of the company’s stock worth $1,273,233,000 after buying an additional 1,832,819 shares during the last quarter. Northern Trust Corp raised its position in shares of Citigroup by 1.2% in the 3rd quarter. Northern Trust Corp now owns 20,051,311 shares of the company’s stock worth $824,710,000 after acquiring an additional 232,652 shares in the last quarter. Pzena Investment Management LLC lifted its stake in shares of Citigroup by 3.0% in the 3rd quarter. Pzena Investment Management LLC now owns 16,627,430 shares of the company’s stock valued at $683,886,000 after purchasing an additional 486,952 shares during the period. Greenhaven Associates Inc. boosted its position in shares of Citigroup by 22.4% during the 4th quarter. Greenhaven Associates Inc. now owns 16,113,305 shares of the company’s stock valued at $828,868,000 after purchasing an additional 2,948,512 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Citigroup by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 13,751,201 shares of the company’s stock worth $565,587,000 after purchasing an additional 192,631 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Trading Up 0.8 %

Shares of C stock opened at $61.52 on Friday. Citigroup Inc. has a 52-week low of $38.17 and a 52-week high of $63.90. The company has a 50-day simple moving average of $59.70 and a two-hundred day simple moving average of $52.62. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $117.83 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 0.92 and a beta of 1.49.

Citigroup (NYSE:C) last issued its quarterly earnings results on Friday, April 12th. The company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.29. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The company had revenue of $21.10 billion during the quarter, compared to the consensus estimate of $20.46 billion. During the same period last year, the business posted $1.86 earnings per share. Citigroup’s revenue was down 1.6% on a year-over-year basis. Research analysts anticipate that Citigroup Inc. will post 5.98 EPS for the current fiscal year.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date of this dividend is Friday, May 3rd. Citigroup’s dividend payout ratio (DPR) is currently 62.72%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on C shares. Jefferies Financial Group boosted their price target on Citigroup from $56.00 to $65.00 and gave the company a “hold” rating in a research note on Monday, April 8th. Keefe, Bruyette & Woods increased their target price on shares of Citigroup from $54.00 to $66.00 and gave the stock a “market perform” rating in a research note on Friday, April 5th. StockNews.com raised shares of Citigroup from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. Evercore ISI increased their price target on Citigroup from $58.00 to $60.00 and gave the stock an “in-line” rating in a report on Thursday, April 4th. Finally, Piper Sandler lifted their price target on shares of Citigroup from $67.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $62.85.

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.