Mariner Wealth Advisors LLC increased its stake in Citigroup Inc (NYSE:C) by 41.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,326 shares of the financial services provider’s stock after purchasing an additional 8,886 shares during the period. Mariner Wealth Advisors LLC’s holdings in Citigroup were worth $2,256,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of C. Janus Henderson Group PLC grew 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 valued at $700,395,000 after acquiring an additional 6,688,305 shares during the last quarter. PointState Capital LP bought a new position in Citigroup during the second quarter valued at approximately $321,322,000. The Manufacturers Life Insurance Company grew 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 valued at $990,836,000 after acquiring an additional 4,413,329 shares during the last quarter. FMR LLC grew its position in Citigroup by 3.8% during the second 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 last quarter. Finally, Parametric Portfolio Associates LLC grew its position in Citigroup by 64.8% during 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 acquiring an additional 2,939,686 shares during the last quarter. Institutional investors own 80.21% of the company’s stock.
A number of research analysts have commented on C shares. ValuEngine upgraded shares of Citigroup from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Barclays increased their price objective on Citigroup from $76.00 to $93.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Vetr lowered Citigroup from a “buy” rating to a “hold” rating and set a $76.38 price objective for the company. in a research note on Wednesday, November 29th. Vertical Group lowered Citigroup from a “buy” rating to a “hold” rating in a research note on Wednesday, January 17th. Finally, Jefferies Group reissued a “hold” rating and set a $83.00 price objective on shares of Citigroup 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 given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $79.65.
Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $17.26 billion during the quarter, compared to analyst estimates of $17.23 billion. During the same quarter last year, the firm posted $1.14 earnings per share. The firm’s revenue was up 1.4% on a year-over-year basis. analysts expect that Citigroup Inc will post 6.41 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Monday, February 5th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date was Friday, February 2nd. Citigroup’s payout ratio is -41.29%.
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Citigroup Company Profile
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.
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