Citigroup Inc. (NYSE:C) Shares Bought by Addison Advisors LLC

Addison Advisors LLC raised its position in Citigroup Inc. (NYSE:C) by 20.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,658 shares of the company’s stock after purchasing an additional 279 shares during the quarter. Addison Advisors LLC’s holdings in Citigroup were worth $85,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. International Assets Investment Management LLC bought a new stake in Citigroup during the fourth quarter worth approximately $2,109,120,000. Greenhaven Associates Inc. boosted its holdings in Citigroup by 22.4% during the fourth quarter. Greenhaven Associates Inc. now owns 16,113,305 shares of the company’s stock worth $828,868,000 after buying an additional 2,948,512 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Citigroup by 42.4% during the third quarter. AQR Capital Management LLC now owns 6,484,540 shares of the company’s stock worth $266,709,000 after buying an additional 1,930,296 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in Citigroup by 251.1% during the third quarter. Canada Pension Plan Investment Board now owns 2,356,177 shares of the company’s stock worth $96,910,000 after buying an additional 1,685,100 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in Citigroup by 49.8% during the third quarter. Envestnet Asset Management Inc. now owns 2,885,568 shares of the company’s stock worth $118,683,000 after buying an additional 959,040 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Stock Performance

NYSE:C traded up $0.87 during midday trading on Friday, reaching $62.66. The stock had a trading volume of 16,364,096 shares, compared to its average volume of 14,990,358. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization of $120.01 billion, a P/E ratio of 18.54, a PEG ratio of 0.94 and a beta of 1.52. The firm’s fifty day simple moving average is $59.09 and its 200-day simple moving average is $51.99. Citigroup Inc. has a 1-year low of $38.17 and a 1-year high of $63.90.

Citigroup (NYSE:C) last posted its quarterly earnings results on Friday, April 12th. The company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.29. The company had revenue of $21.10 billion for the quarter, compared to analyst estimates of $20.46 billion. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the business posted $1.86 EPS. On average, equities research analysts forecast that Citigroup Inc. will post 5.97 EPS for the current fiscal year.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 6th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $2.12 annualized dividend and a dividend yield of 3.38%. Citigroup’s dividend payout ratio (DPR) is currently 62.72%.

Analyst Ratings Changes

A number of brokerages recently weighed in on C. Jefferies Financial Group raised their target price on shares of Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a report on Monday, April 8th. Barclays upped their price target on shares of Citigroup from $59.00 to $63.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 2nd. Keefe, Bruyette & Woods upped their price target on shares of Citigroup from $54.00 to $66.00 and gave the company a “market perform” rating in a research report on Friday, April 5th. Evercore ISI upped their price target on shares of Citigroup from $58.00 to $60.00 and gave the company an “in-line” rating in a research report on Thursday, April 4th. Finally, Morgan Stanley upgraded shares of Citigroup from an “underweight” rating to an “overweight” rating and upped their price target for the company from $46.00 to $65.00 in a research report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.91.

Citigroup Profile

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.