Investec Asset Management LTD trimmed its holdings in shares of Citigroup (NYSE:C) by 5.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,825,644 shares of the financial services provider’s stock after selling 533,296 shares during the period. Citigroup makes up about 3.0% of Investec Asset Management LTD’s holdings, making the stock its 4th biggest position. Investec Asset Management LTD owned approximately 0.38% of Citigroup worth $731,126,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of C. Sawyer & Company Inc purchased a new position in Citigroup in the fourth quarter valued at about $117,000. Baldwin Brothers Inc. MA grew its stake in Citigroup by 88.4% in the fourth quarter. Baldwin Brothers Inc. MA now owns 1,598 shares of the financial services provider’s stock valued at $119,000 after purchasing an additional 750 shares in the last quarter. Balentine LLC grew its stake in Citigroup by 20.2% in the second quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 272 shares in the last quarter. Lee Financial Co grew its stake in Citigroup by 57.0% in the fourth quarter. Lee Financial Co now owns 2,240 shares of the financial services provider’s stock valued at $167,000 after purchasing an additional 813 shares in the last quarter. Finally, Omnia Family Wealth LLC grew its stake in Citigroup by 187.7% in the fourth quarter. Omnia Family Wealth LLC now owns 2,299 shares of the financial services provider’s stock valued at $171,000 after purchasing an additional 1,500 shares in the last quarter. 80.08% of the stock is currently owned by hedge funds and other institutional investors.
C has been the topic of a number of recent research reports. ValuEngine upgraded Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Barclays boosted their target price on Citigroup from $76.00 to $93.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Vetr downgraded Citigroup from a “buy” rating to a “hold” rating and set a $76.38 target price on the stock. in a research note on Wednesday, November 29th. Vertical Group downgraded Citigroup from a “buy” rating to a “hold” rating in a research note on Wednesday, January 17th. Finally, Jefferies Group restated a “hold” rating and issued a $83.00 target price on shares of Citigroup in a research note on Tuesday, January 16th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $79.69.
Shares of C stock opened at $67.90 on Friday. The stock has a market capitalization of $180,701.33, a PE ratio of -21.90, a PEG ratio of 1.02 and a beta of 1.51. Citigroup has a 52 week low of $56.55 and a 52 week 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 released its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.09. The company had revenue of $17.26 billion during the quarter, compared to the consensus estimate of $17.23 billion. Citigroup had a positive return on equity of 7.61% and a negative net margin of 7.05%. The firm’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.14 EPS. research analysts expect that Citigroup will post 6.41 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Monday, February 5th were paid a dividend of $0.32 per share. The ex-dividend date was Friday, February 2nd. This represents a $1.28 annualized dividend and a yield of 1.89%. Citigroup’s payout ratio is -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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