Sanders Capital LLC increased its holdings in shares of Citigroup Inc (NYSE:C) by 12.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,103,648 shares of the financial services provider’s stock after purchasing an additional 1,140,636 shares during the period. Citigroup accounts for 3.1% of Sanders Capital LLC’s holdings, making the stock its 16th biggest holding. Sanders Capital LLC owned about 0.39% of Citigroup worth $709,503,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. LFA Lugano Financial Advisors SA purchased a new position in Citigroup in the first quarter valued at $27,000. Evolution Wealth Advisors LLC purchased a new position in Citigroup in the fourth quarter valued at $29,000. Larson Financial Group LLC purchased a new position in Citigroup in the fourth quarter valued at $29,000. Signet Investment Advisory Group Inc. purchased a new position in Citigroup in the fourth quarter valued at $32,000. Finally, Blume Capital Management Inc. increased its holdings in Citigroup by 4,615.4% in the fourth quarter. Blume Capital Management Inc. now owns 613 shares of the financial services provider’s stock valued at $32,000 after buying an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 71.11% of the company’s stock.
A number of analysts have recently commented on the stock. BMO Capital Markets boosted their target price on shares of Citigroup from $92.00 to $93.00 and gave the stock an “outperform” rating in a research note on Monday, April 15th. Wells Fargo & Co boosted their target price on shares of Citigroup from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Zacks Investment Research raised shares of Citigroup from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a research note on Monday, April 29th. HSBC set a $76.00 target price on shares of Citigroup and gave the stock a “buy” rating in a research note on Thursday, April 4th. Finally, ValuEngine upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a research report on Thursday, April 18th. Five research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Citigroup currently has a consensus rating of “Buy” and an average price target of $80.29.
NYSE:C opened at $65.26 on Thursday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $165.46 billion, a price-to-earnings ratio of 9.81, a PEG ratio of 0.70 and a beta of 1.71. Citigroup Inc has a 1-year low of $48.42 and a 1-year high of $75.24.
Citigroup (NYSE:C) last posted its earnings results on Monday, April 15th. The financial services provider reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.09. The company had revenue of $18.58 billion for the quarter, compared to analyst estimates of $18.56 billion. Citigroup had a net margin of 18.32% and a return on equity of 10.05%. Citigroup’s revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.68 EPS. Equities analysts expect that Citigroup Inc will post 7.58 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be issued a $0.45 dividend. The ex-dividend date is Friday, May 3rd. This represents a $1.80 annualized dividend and a yield of 2.76%. Citigroup’s payout ratio is 27.07%.
In related news, CEO Stephen Bird sold 30,000 shares of the stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $69.33, for a total transaction of $2,079,900.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider W. Bradford Hu sold 5,420 shares of the stock in a transaction on Friday, February 15th. The stock was sold at an average price of $64.27, for a total transaction of $348,343.40. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.
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Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
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