Sanders Capital LLC Has $1.02 Billion Stake in Citigroup Inc (C)

Sanders Capital LLC lifted its holdings in Citigroup Inc (NYSE:C) by 1.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,649,662 shares of the financial services provider’s stock after purchasing an additional 164,600 shares during the period. Citigroup comprises 5.1% of Sanders Capital LLC’s holdings, making the stock its 5th biggest holding. Sanders Capital LLC owned about 0.49% of Citigroup worth $1,019,162,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. IFC Holdings Incorporated FL increased its position in shares of Citigroup by 8.4% in the fourth quarter. IFC Holdings Incorporated FL now owns 11,100 shares of the financial services provider’s stock worth $832,000 after acquiring an additional 856 shares in the last quarter. Mutual of America Capital Management LLC increased its position in shares of Citigroup by 1.8% in the fourth quarter. Mutual of America Capital Management LLC now owns 412,705 shares of the financial services provider’s stock worth $30,709,000 after acquiring an additional 7,299 shares in the last quarter. Dupont Capital Management Corp increased its position in shares of Citigroup by 2.3% in the fourth quarter. Dupont Capital Management Corp now owns 539,052 shares of the financial services provider’s stock worth $40,111,000 after acquiring an additional 12,024 shares in the last quarter. Resources Investment Advisors Inc. increased its position in shares of Citigroup by 140.8% in the fourth quarter. Resources Investment Advisors Inc. now owns 7,247 shares of the financial services provider’s stock worth $539,000 after acquiring an additional 4,237 shares in the last quarter. Finally, Investment Partners Ltd. OH ADV purchased a new position in shares of Citigroup in the fourth quarter worth approximately $235,000. 79.62% of the stock is currently owned by institutional investors.

Shares of Citigroup Inc (NYSE:C) opened at $76.82 on Tuesday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market cap of $197,427.38, a P/E ratio of -24.78, a price-to-earnings-growth ratio of 1.12 and a beta of 1.54. Citigroup Inc has a one year low of $56.55 and a one year high of $80.70.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.09. The firm had revenue of $17.26 billion during the quarter, compared to analysts’ expectations of $17.23 billion. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.60%. The company’s revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.14 earnings per share. equities research 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. Shareholders of record on Monday, February 5th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Friday, February 2nd. Citigroup’s dividend payout ratio (DPR) is presently -41.29%.

Several research analysts have recently weighed in on the stock. Vetr downgraded shares of Citigroup from a “sell” rating to a “strong sell” rating and set a $70.80 target price on the stock. in a research report on Monday, January 29th. Morgan Stanley lifted their target price on shares of Citigroup from $88.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Zacks Investment Research raised shares of Citigroup from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a research report on Friday, February 2nd. Wells Fargo & Co set a $100.00 target price on shares of Citigroup and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Finally, Keefe, Bruyette & Woods downgraded shares of Citigroup from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $90.00 to $82.00 in a research report on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Citigroup has a consensus rating of “Buy” and a consensus price target of $79.65.

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About Citigroup

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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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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