Oxbow Advisors LLC lessened its position in shares of Citigroup Inc (NYSE:C) by 11.2% during the 4th quarter, Holdings Channel reports. The firm owned 37,346 shares of the financial services provider’s stock after selling 4,702 shares during the quarter. Oxbow Advisors LLC’s holdings in Citigroup were worth $2,779,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of C. Janus Henderson Group PLC grew its stake in Citigroup by 227.4% during the 3rd quarter. Janus Henderson Group PLC now owns 9,629,422 shares of the financial services provider’s stock valued at $700,395,000 after purchasing an additional 6,688,305 shares during the last quarter. Lazard Asset Management LLC boosted its stake in shares of Citigroup by 109.5% in the second quarter. Lazard Asset Management LLC now owns 9,292,727 shares of the financial services provider’s stock worth $621,497,000 after buying an additional 4,856,866 shares during the last quarter. PointState Capital LP purchased a new stake in shares of Citigroup in the second quarter worth about $321,322,000. The Manufacturers Life Insurance Company boosted its stake in shares of Citigroup by 42.4% in the second 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. Finally, FMR LLC boosted its stake in shares of Citigroup by 3.8% in the second 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. Institutional investors and hedge funds own 79.62% of the company’s stock.
A number of brokerages have recently commented on C. ValuEngine upgraded Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Deutsche Bank set a $74.00 target price on Citigroup and gave the stock a “neutral” rating in a research note on Wednesday, January 17th. Raymond James Financial began coverage on Citigroup in a research note on Tuesday, October 31st. They issued a “hold” rating on the stock. Wells Fargo & Co set a $100.00 target price on Citigroup and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Finally, Credit Suisse Group restated a “buy” rating and issued a $86.00 target price on shares of Citigroup in a research note on Thursday, January 4th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $79.65.
Citigroup Inc (NYSE C) opened at $76.82 on Monday. Citigroup Inc has a fifty-two week low of $56.55 and a fifty-two week high of $80.70. The company has a market capitalization of $197,427.38, a P/E ratio of 14.41, a price-to-earnings-growth ratio of 1.12 and a beta of 1.54. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.29.
Citigroup (NYSE:C) last announced its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $17.26 billion during the quarter, compared to analysts’ expectations of $17.23 billion. During the same quarter in the prior year, the firm earned $1.14 earnings per share. The business’s revenue was up 1.4% compared to the same quarter last year. equities research analysts expect that Citigroup Inc will post 6.4 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be issued a dividend of $0.32 per share. The ex-dividend date is Friday, February 2nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.67%. Citigroup’s payout ratio is currently -41.29%.
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Citigroup Company Profile
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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