Logan Capital Management Inc. increased its position in shares of Citigroup (NYSE:C) by 20.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,124 shares of the financial services provider’s stock after purchasing an additional 687 shares during the quarter. Logan Capital Management Inc.’s holdings in Citigroup were worth $307,000 as of its most recent filing with the SEC.
Other hedge funds have also recently modified their holdings of the company. Janus Henderson Group PLC increased its position in Citigroup by 227.4% during the third quarter. Janus Henderson Group PLC now owns 9,629,422 shares of the financial services provider’s stock worth $700,395,000 after buying an additional 6,688,305 shares in the last quarter. PointState Capital LP purchased a new position in Citigroup during the second quarter worth $321,322,000. The Manufacturers Life Insurance Company increased its position in Citigroup by 42.4% during 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 in the last quarter. Canada Pension Plan Investment Board increased its position in Citigroup by 71.9% during the third quarter. Canada Pension Plan Investment Board now owns 5,777,086 shares of the financial services provider’s stock worth $420,225,000 after buying an additional 2,416,400 shares in the last quarter. Finally, PGGM Investments purchased a new position in Citigroup during the third quarter worth $111,515,000. 80.08% of the stock is owned by hedge funds and other institutional investors.
Shares of Citigroup stock opened at $73.47 on Monday. Citigroup has a 1 year low of $56.55 and a 1 year high of $80.70. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $188,822.75, a PE ratio of -23.70, a price-to-earnings-growth ratio of 1.06 and a beta of 1.51.
Citigroup (NYSE:C) last posted its quarterly 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. Citigroup had a positive return on equity of 7.61% and a negative net margin of 7.05%. The firm had revenue of $17.26 billion during the quarter, compared to the consensus estimate of $17.23 billion. During the same quarter in the previous year, the business earned $1.14 earnings per share. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. equities research analysts forecast that Citigroup will post 6.41 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders 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 1.74%. The ex-dividend date of this dividend was Friday, February 2nd. Citigroup’s dividend payout ratio (DPR) is presently -41.29%.
Several equities analysts have weighed in on the company. Royal Bank of Canada reissued an “outperform” rating and set a $85.00 price target on shares of Citigroup in a research report on Wednesday, January 17th. DZ Bank raised Citigroup from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Macquarie raised their price target on Citigroup from $82.00 to $84.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. JPMorgan Chase & Co. set a $80.00 price target on Citigroup and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Finally, Vetr downgraded Citigroup from a “sell” rating to a “strong sell” rating and set a $70.80 price target for the company. in a research report on Monday, January 29th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $79.69.
Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.
Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.