Citigroup Inc (C) is Boston Partners’ 3rd Largest Position

Boston Partners lowered its stake in Citigroup Inc (NYSE:C) by 2.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 23,965,600 shares of the financial services provider’s stock after selling 625,445 shares during the quarter. Citigroup accounts for about 2.1% of Boston Partners’ portfolio, making the stock its 3rd biggest holding. Boston Partners owned 0.93% of Citigroup worth $1,783,281,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in C. Janus Henderson Group PLC grew its stake in Citigroup by 227.4% in 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 acquiring an additional 6,688,305 shares during the period. Lazard Asset Management LLC grew its stake in Citigroup by 109.5% in the 2nd quarter. Lazard Asset Management LLC now owns 9,292,727 shares of the financial services provider’s stock valued at $621,497,000 after acquiring an additional 4,856,866 shares during the period. PointState Capital LP acquired a new stake in Citigroup in the 2nd quarter valued at $321,322,000. The Manufacturers Life Insurance Company grew its stake in Citigroup by 42.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,815,133 shares of the financial services provider’s stock valued at $990,836,000 after acquiring an additional 4,413,329 shares during the period. Finally, FMR LLC grew its stake in Citigroup by 3.8% in the 2nd quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock valued at $7,343,721,000 after acquiring an additional 4,061,637 shares during the period. 79.62% of the stock is currently owned by hedge funds and other institutional investors.

Citigroup Inc (NYSE:C) opened at $77.00 on Thursday. Citigroup Inc has a fifty-two week low of $56.55 and a fifty-two week high of $80.70. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $196,502.17, a price-to-earnings ratio of 14.35, a PEG ratio of 1.11 and a beta of 1.54.

Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, topping the 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 business had revenue of $17.26 billion for the quarter, compared to analyst estimates of $17.23 billion. During the same quarter in the previous year, the firm earned $1.14 EPS. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. research analysts expect that Citigroup Inc will post 6.4 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Monday, February 5th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $1.28 annualized dividend and a dividend yield of 1.66%. Citigroup’s dividend payout ratio is presently -41.29%.

A number of equities research analysts recently issued reports on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $85.00 price target on shares of Citigroup in a research note on Wednesday, January 17th. DZ Bank raised shares of Citigroup from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Macquarie lifted their target price on shares of Citigroup from $82.00 to $84.00 and gave the stock a “neutral” rating in a research note on Monday, February 12th. JPMorgan Chase & Co. set a $80.00 target price on shares of Citigroup and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Finally, Vetr cut 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 note on Monday, January 29th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average 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.

Institutional Ownership by Quarter for Citigroup (NYSE:C)

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