Savant Capital LLC increased its stake in Citigroup Inc (NYSE:C) by 16.7% in the 4th quarter, HoldingsChannel reports. The fund owned 15,474 shares of the financial services provider’s stock after acquiring an additional 2,209 shares during the period. Savant Capital LLC’s holdings in Citigroup were worth $1,151,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of C. Janus Henderson Group PLC boosted its holdings in shares of Citigroup by 227.4% in the third quarter. Janus Henderson Group PLC now owns 9,629,422 shares of the financial services provider’s stock valued at $700,395,000 after acquiring an additional 6,688,305 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Citigroup by 109.5% in the second quarter. Lazard Asset Management LLC now owns 9,292,727 shares of the financial services provider’s stock valued at $621,497,000 after acquiring an additional 4,856,866 shares in the last quarter. PointState Capital LP bought a new position in shares of Citigroup in the second quarter valued at approximately $321,322,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Citigroup by 42.4% in the second quarter. The Manufacturers Life Insurance Company now owns 14,815,133 shares of the financial services provider’s stock valued at $990,836,000 after acquiring an additional 4,413,329 shares in the last quarter. Finally, FMR LLC boosted its holdings in shares of Citigroup by 3.8% in 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 in the last quarter. Institutional investors and hedge funds own 79.62% of the company’s stock.
Citigroup Inc (NYSE C) opened at $76.82 on Monday. Citigroup Inc has a 52 week low of $56.55 and a 52 week high of $80.70. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market cap of $197,427.38, a P/E ratio of 14.41, a P/E/G ratio of 1.12 and a beta of 1.54.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 5th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Friday, February 2nd. Citigroup’s dividend payout ratio is -41.29%.
Several research analysts have recently issued reports on C shares. ValuEngine upgraded shares of Citigroup from a “buy” rating to a “strong-buy” rating in a report on Friday, February 9th. Keefe, Bruyette & Woods increased their price objective on shares of Citigroup from $80.00 to $87.00 and gave the company an “outperform” rating in a report on Thursday, December 14th. DZ Bank upgraded shares of Citigroup from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. Nomura set a $87.00 target price on shares of Citigroup and gave the stock a “buy” rating in a report on Wednesday, January 17th. Finally, Vetr cut shares of Citigroup from a “sell” rating to a “strong sell” rating and set a $70.80 target price for the company. in a report on Monday, January 29th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Citigroup presently has a consensus rating of “Buy” and an average target price of $79.65.
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Citigroup Company Profile
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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