Johnson Financial Group Inc. Purchases 6,317 Shares of Citigroup (C)

Johnson Financial Group Inc. increased its position in Citigroup (NYSE:C) by 17.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,820 shares of the financial services provider’s stock after buying an additional 6,317 shares during the quarter. Johnson Financial Group Inc.’s holdings in Citigroup were worth $2,890,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in C. Massachusetts Financial Services Co. MA lifted its position in Citigroup by 0.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 33,678,989 shares of the financial services provider’s stock valued at $2,273,331,000 after purchasing an additional 287,814 shares during the last quarter. Geode Capital Management LLC lifted its position in Citigroup by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 28,541,767 shares of the financial services provider’s stock valued at $2,119,402,000 after purchasing an additional 256,760 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Citigroup by 0.6% in the fourth quarter. The Manufacturers Life Insurance Company now owns 14,906,518 shares of the financial services provider’s stock valued at $1,109,194,000 after purchasing an additional 91,093 shares during the last quarter. LSV Asset Management lifted its position in Citigroup by 2.5% in the first quarter. LSV Asset Management now owns 13,282,054 shares of the financial services provider’s stock valued at $896,538,000 after purchasing an additional 320,050 shares during the last quarter. Finally, Sanders Capital LLC lifted its position in Citigroup by 1.3% in the fourth quarter. Sanders Capital LLC now owns 12,649,662 shares of the financial services provider’s stock valued at $1,019,162,000 after purchasing an additional 164,600 shares during the last quarter. Institutional investors own 79.74% of the company’s stock.

A number of brokerages recently commented on C. ValuEngine downgraded Citigroup from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. BMO Capital Markets restated a “hold” rating and set a $76.00 target price on shares of Citigroup in a report on Friday, April 13th. Morgan Stanley decreased their target price on Citigroup from $93.00 to $88.00 and set an “overweight” rating for the company in a report on Monday, April 30th. Daiwa Capital Markets downgraded Citigroup from a “strong-buy” rating to a “buy” rating in a report on Thursday. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $74.00 target price on shares of Citigroup in a report on Thursday, April 5th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $80.92.

Shares of C stock opened at $71.56 on Friday. Citigroup has a twelve month low of $71.96 and a twelve month high of $72.75. The firm has a market capitalization of $184.92 billion, a P/E ratio of 13.43, a PEG ratio of 1.04 and a beta of 1.55. 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 earnings results on Friday, April 13th. The financial services provider reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.07. Citigroup had a positive return on equity of 8.13% and a negative net margin of 6.28%. The firm had revenue of $18.87 billion for the quarter, compared to analysts’ expectations of $18.89 billion. During the same period in the prior year, the firm posted $1.35 earnings per share. The company’s quarterly revenue was up 2.8% on a year-over-year basis. equities analysts anticipate that Citigroup will post 6.48 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 25th. Stockholders of record on Monday, May 7th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, May 4th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.79%. Citigroup’s dividend payout ratio is currently 24.02%.

Citigroup Company Profile

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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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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