California Public Employees Retirement System Boosts Holdings in Citigroup Inc. $C

California Public Employees Retirement System grew its position in Citigroup Inc. (NYSE:C) by 3.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,492,507 shares of the company’s stock after acquiring an additional 121,392 shares during the quarter. California Public Employees Retirement System owned about 0.19% of Citigroup worth $297,282,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. DHJJ Financial Advisors Ltd. increased its holdings in Citigroup by 157.1% in the second quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock valued at $35,000 after buying an additional 253 shares in the last quarter. Truvestments Capital LLC increased its stake in Citigroup by 131.6% in the first quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock valued at $31,000 after purchasing an additional 246 shares during the last quarter. Legacy Investment Solutions LLC purchased a new position in Citigroup during the second quarter worth about $38,000. MTM Investment Management LLC acquired a new stake in Citigroup in the 2nd quarter worth about $43,000. Finally, WPG Advisers LLC purchased a new stake in Citigroup in the 1st quarter valued at about $38,000. 71.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

C has been the subject of a number of research analyst reports. Bank of America upped their price objective on Citigroup from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. The Goldman Sachs Group restated a “buy” rating and set a $118.00 price target on shares of Citigroup in a research note on Tuesday, October 14th. Dbs Bank downgraded Citigroup from a “moderate buy” rating to a “hold” rating in a report on Monday, September 22nd. UBS Group reaffirmed a “neutral” rating and issued a $108.00 price objective on shares of Citigroup in a research note on Monday, November 24th. Finally, Wells Fargo & Company increased their target price on shares of Citigroup from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 16th. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $108.70.

Citigroup Stock Up 1.1%

NYSE:C opened at $108.95 on Friday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market capitalization of $194.94 billion, a price-to-earnings ratio of 15.30, a price-to-earnings-growth ratio of 0.54 and a beta of 1.21. Citigroup Inc. has a one year low of $55.51 and a one year high of $109.37. The stock has a 50-day simple moving average of $100.11 and a 200 day simple moving average of $93.10.

Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, October 14th. The company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.35. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The business had revenue of $22.09 billion during the quarter, compared to the consensus estimate of $20.92 billion. During the same period in the previous year, the business earned $1.51 EPS. The business’s quarterly revenue was up 9.3% on a year-over-year basis. Sell-side analysts predict that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Monday, November 3rd were issued a $0.60 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $2.40 annualized dividend and a dividend yield of 2.2%. Citigroup’s payout ratio is 33.71%.

Citigroup Profile

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.