MAI Capital Management Increases Stake in Citigroup Inc (C)

MAI Capital Management lifted its holdings in Citigroup Inc (NYSE:C) by 27.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 131,517 shares of the financial services provider’s stock after purchasing an additional 28,352 shares during the period. MAI Capital Management’s holdings in Citigroup were worth $9,786,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. FMR LLC lifted its position in Citigroup by 3.8% during the second quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock valued at $7,343,721,000 after acquiring an additional 4,061,637 shares during the last quarter. Harris Associates L P lifted its position in Citigroup by 0.5% during the second quarter. Harris Associates L P now owns 41,350,951 shares of the financial services provider’s stock valued at $2,765,551,000 after acquiring an additional 221,171 shares during the last quarter. Northern Trust Corp lifted its position in Citigroup by 3.1% during the second quarter. Northern Trust Corp now owns 34,097,795 shares of the financial services provider’s stock valued at $2,280,461,000 after acquiring an additional 1,011,532 shares during the last quarter. Boston Partners lifted its position in Citigroup by 3.4% during the third quarter. Boston Partners now owns 24,591,045 shares of the financial services provider’s stock valued at $1,788,752,000 after acquiring an additional 817,162 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Citigroup by 4.7% during the third quarter. Ameriprise Financial Inc. now owns 24,118,886 shares of the financial services provider’s stock valued at $1,754,343,000 after acquiring an additional 1,091,989 shares during the last quarter. 80.71% of the stock is owned by institutional investors.

A number of equities research analysts recently commented on the stock. ValuEngine raised shares of Citigroup from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Deutsche Bank set a $74.00 target price on shares of Citigroup and gave the company a “neutral” rating in a research report on Wednesday, January 17th. Raymond James Financial assumed coverage on shares of Citigroup in a research report on Tuesday, October 31st. They set a “hold” rating for the company. Wells Fargo & Co set a $100.00 target price on shares of Citigroup and gave the company a “buy” rating in a research report on Wednesday, January 17th. Finally, Credit Suisse Group reissued a “buy” rating and set a $86.00 target price on shares of Citigroup in a research report on Thursday, January 4th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Citigroup currently has a consensus rating of “Buy” and an average target price of $79.65.

Citigroup Inc (NYSE:C) opened at $76.82 on Friday. The stock has a market cap of $197,427.41, a price-to-earnings ratio of 14.41, a price-to-earnings-growth ratio of 1.12 and a beta of 1.54. Citigroup Inc has a fifty-two week low of $56.55 and a fifty-two week high of $80.70. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.29.

Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.09. The business had revenue of $17.26 billion during the quarter, compared to analysts’ expectations of $17.23 billion. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.60%. The business’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the company posted $1.14 earnings per share. sell-side analysts expect that Citigroup Inc will post 6.4 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Monday, February 5th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.67%. Citigroup’s payout ratio is currently -41.29%.

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About Citigroup

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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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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