Sarasin & Partners LLP grew its position in Citigroup Inc (NYSE:C) by 4.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 971,874 shares of the financial services provider’s stock after acquiring an additional 39,709 shares during the quarter. Citigroup accounts for 1.4% of Sarasin & Partners LLP’s portfolio, making the stock its 28th biggest holding. Sarasin & Partners LLP’s holdings in Citigroup were worth $70,694,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Capital Analysts LLC increased its position in shares of Citigroup by 5.4% during the 2nd quarter. Capital Analysts LLC now owns 45,844 shares of the financial services provider’s stock valued at $3,066,000 after purchasing an additional 2,367 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Citigroup by 5.2% during the 2nd quarter. Principal Financial Group Inc. now owns 4,152,299 shares of the financial services provider’s stock valued at $277,705,000 after purchasing an additional 205,298 shares during the last quarter. Bank of Hawaii increased its position in shares of Citigroup by 52.2% during the 2nd quarter. Bank of Hawaii now owns 6,536 shares of the financial services provider’s stock valued at $437,000 after purchasing an additional 2,242 shares during the last quarter. Norinchukin Bank The increased its position in shares of Citigroup by 41.0% during the 2nd quarter. Norinchukin Bank The now owns 137,279 shares of the financial services provider’s stock valued at $9,181,000 after purchasing an additional 39,898 shares during the last quarter. Finally, Advisors Capital Management LLC increased its position in shares of Citigroup by 2.8% during the 3rd quarter. Advisors Capital Management LLC now owns 186,424 shares of the financial services provider’s stock valued at $13,560,000 after purchasing an additional 5,125 shares during the last quarter. 78.53% of the stock is currently owned by institutional investors and hedge funds.
C has been the topic of several analyst reports. BidaskClub raised Citigroup from a “hold” rating to a “buy” rating in a research report on Thursday, September 21st. Atlantic Securities reaffirmed an “overweight” rating and issued a $85.00 price objective (up previously from $75.00) on shares of Citigroup in a research report on Tuesday, September 26th. Deutsche Bank reaffirmed a “hold” rating and issued a $67.00 price objective (up previously from $61.00) on shares of Citigroup in a research report on Tuesday, September 26th. Raymond James Financial reaffirmed an “underperform” rating on shares of Citigroup in a research report on Wednesday, September 27th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $75.00 price objective on shares of Citigroup in a research report on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $79.30.
Citigroup (NYSE:C) last issued its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.09. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The business had revenue of $17.26 billion during the quarter, compared to analysts’ expectations of $17.23 billion. During the same period in the prior year, the business earned $1.14 EPS. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. sell-side analysts predict that Citigroup Inc will post 6.27 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.65%. Citigroup’s dividend payout ratio is -44.29%.
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Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.
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