Donald Smith & CO. Inc. Sells 31,624 Shares of Citigroup Inc. $C

Donald Smith & CO. Inc. reduced its stake in shares of Citigroup Inc. (NYSE:C) by 2.6% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,164,789 shares of the company’s stock after selling 31,624 shares during the period. Citigroup comprises approximately 2.3% of Donald Smith & CO. Inc.’s portfolio, making the stock its 21st biggest position. Donald Smith & CO. Inc.’s holdings in Citigroup were worth $99,147,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in C. Brighton Jones LLC increased its holdings in Citigroup by 166.9% during the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock worth $1,407,000 after buying an additional 12,499 shares during the last quarter. Chicago Partners Investment Group LLC raised its stake in shares of Citigroup by 13.5% during the 1st quarter. Chicago Partners Investment Group LLC now owns 18,950 shares of the company’s stock valued at $1,331,000 after purchasing an additional 2,259 shares during the period. Headlands Technologies LLC lifted its holdings in shares of Citigroup by 62.2% in the first quarter. Headlands Technologies LLC now owns 11,859 shares of the company’s stock worth $842,000 after buying an additional 4,547 shares in the last quarter. Citigroup Inc. boosted its holdings in Citigroup by 77.3% in the 1st quarter. Citigroup Inc. now owns 1,658,685 shares of the company’s stock valued at $117,750,000 after purchasing an additional 722,930 shares during the period. Finally, Founders Financial Alliance LLC boosted its position in shares of Citigroup by 16.1% during the 1st quarter. Founders Financial Alliance LLC now owns 7,116 shares of the company’s stock valued at $505,000 after acquiring an additional 987 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Stock Performance

C opened at $108.95 on Friday. Citigroup Inc. has a 12-month low of $55.51 and a 12-month high of $109.37. The company’s 50 day moving average is $100.11 and its 200 day moving average is $93.10. 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 cap of $194.94 billion, a price-to-earnings ratio of 15.30, a PEG ratio of 0.54 and a beta of 1.21.

Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, October 14th. The company reported $2.24 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $20.92 billion. During the same period in the prior year, the company posted $1.51 earnings per share. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, equities research analysts predict that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

The business also recently announced 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 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%.

Analyst Ratings Changes

C has been the topic of several recent research reports. The Goldman Sachs Group reiterated a “buy” rating and set a $118.00 price objective on shares of Citigroup in a research report on Tuesday, October 14th. Morgan Stanley increased their target price on Citigroup from $129.00 to $134.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Keefe, Bruyette & Woods raised their price target on shares of Citigroup from $112.00 to $118.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Dbs Bank cut Citigroup from a “moderate buy” rating to a “hold” rating in a research note on Monday, September 22nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Citigroup in a research report on Wednesday, October 8th. Eleven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $108.70.

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.