Czech National Bank Raises Stock Position in Citigroup Inc. $C

Czech National Bank lifted its holdings in shares of Citigroup Inc. (NYSE:C) by 2.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 467,550 shares of the company’s stock after purchasing an additional 11,010 shares during the quarter. Czech National Bank’s holdings in Citigroup were worth $47,456,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in C. Norges Bank acquired a new stake in Citigroup during the 2nd quarter worth approximately $2,455,929,000. Amundi increased its position in shares of Citigroup by 78.4% during the first quarter. Amundi now owns 13,713,517 shares of the company’s stock worth $973,523,000 after acquiring an additional 6,026,268 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Citigroup by 6.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 41,101,459 shares of the company’s stock valued at $2,917,794,000 after acquiring an additional 2,539,769 shares in the last quarter. B. Metzler seel. Sohn & Co. AG boosted its holdings in Citigroup by 2,230.8% in the first quarter. B. Metzler seel. Sohn & Co. AG now owns 2,630,308 shares of the company’s stock valued at $186,726,000 after purchasing an additional 2,517,459 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in Citigroup by 52.8% in the first quarter. AQR Capital Management LLC now owns 6,621,300 shares of the company’s stock valued at $456,737,000 after purchasing an additional 2,286,653 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Wolfe Research reaffirmed an “outperform” rating and issued a $121.00 price target on shares of Citigroup in a research report on Wednesday. Zacks Research lowered shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Keefe, Bruyette & Woods boosted their price target on shares of Citigroup from $118.00 to $131.00 and gave the stock an “outperform” rating in a report on Wednesday. Cowen restated a “hold” rating on shares of Citigroup in a report on Wednesday, December 10th. Finally, Oppenheimer decreased their price objective on shares of Citigroup from $123.00 to $120.00 and set an “outperform” rating for the company in a research report on Wednesday, November 19th. Thirteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Citigroup has an average rating of “Moderate Buy” and an average target price of $113.81.

Citigroup Stock Up 0.1%

Shares of NYSE:C opened at $111.42 on Thursday. The firm has a 50 day simple moving average of $102.07 and a 200-day simple moving average of $95.16. Citigroup Inc. has a twelve month low of $55.51 and a twelve month high of $113.52. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.62. The company has a market capitalization of $199.36 billion, a PE ratio of 15.65, a P/E/G ratio of 0.55 and a beta of 1.21.

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

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Monday, November 3rd were given a dividend of $0.60 per share. The ex-dividend date was Monday, November 3rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.2%. Citigroup’s payout ratio is 33.71%.

About Citigroup

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.