Honeywell International Inc. cut its stake in shares of Citigroup (NYSE:C) by 12.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 728,200 shares of the financial services provider’s stock after selling 99,500 shares during the period. Citigroup accounts for 1.8% of Honeywell International Inc.’s holdings, making the stock its 12th largest position. Honeywell International Inc.’s holdings in Citigroup were worth $54,185,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Janus Henderson Group PLC raised its position in shares of Citigroup by 227.4% in the third quarter. Janus Henderson Group PLC now owns 9,629,422 shares of the financial services provider’s stock valued at $700,395,000 after buying an additional 6,688,305 shares in the last quarter. PointState Capital LP acquired a new stake in shares of Citigroup in the second quarter valued at approximately $321,322,000. The Manufacturers Life Insurance Company raised its position 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 valued at $990,836,000 after buying an additional 4,413,329 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in shares of Citigroup by 64.8% in the second quarter. Parametric Portfolio Associates LLC now owns 7,477,188 shares of the financial services provider’s stock valued at $500,074,000 after buying an additional 2,939,686 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its position in shares of Citigroup by 71.9% in the third quarter. Canada Pension Plan Investment Board now owns 5,777,086 shares of the financial services provider’s stock valued at $420,225,000 after buying an additional 2,416,400 shares in the last quarter. Hedge funds and other institutional investors own 80.21% of the company’s stock.
A number of brokerages recently issued reports on C. Vetr cut shares of Citigroup from a “sell” rating to a “strong sell” rating and set a $70.80 price objective on the stock. in a research note on Monday, January 29th. Morgan Stanley lifted their price objective on shares of Citigroup from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Zacks Investment Research raised shares of Citigroup from a “hold” rating to a “buy” rating and set a $89.00 price objective on the stock in a research note on Friday, February 2nd. Wells Fargo set a $100.00 price objective on shares of Citigroup and gave the company a “buy” rating in a research note on Wednesday, January 17th. Finally, Keefe, Bruyette & Woods cut shares of Citigroup from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $90.00 to $82.00 in a research note on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $79.69.
Shares of Citigroup (NYSE:C) opened at $73.47 on Friday. The firm has a market cap of $188,488.63, a price-to-earnings ratio of -23.70, a price-to-earnings-growth ratio of 1.06 and a beta of 1.51. Citigroup has a one year low of $56.55 and a one 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.
Citigroup (NYSE:C) last posted its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.09. The firm had revenue of $17.26 billion for 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 7.61%. The company’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.14 earnings per share. sell-side analysts expect that Citigroup will post 6.41 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Monday, February 5th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.74%. Citigroup’s payout ratio is presently -41.29%.
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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.
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