Carnegie Capital Asset Management LLC boosted its holdings in shares of Citigroup (NYSE:C) by 280.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 80,334 shares of the financial services provider’s stock after purchasing an additional 59,235 shares during the quarter. Carnegie Capital Asset Management LLC’s holdings in Citigroup were worth $5,999,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the business. Janus Henderson Group PLC increased its holdings in shares of Citigroup by 227.4% in the 3rd 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 during the last quarter. PointState Capital LP bought a new stake in shares of Citigroup in the 2nd quarter valued at approximately $321,322,000. The Manufacturers Life Insurance Company increased its holdings in shares of Citigroup by 42.4% in the 2nd 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 during the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Citigroup by 71.9% in the 3rd quarter. Canada Pension Plan Investment Board now owns 5,777,086 shares of the financial services provider’s stock valued at $420,225,000 after acquiring an additional 2,416,400 shares during the last quarter. Finally, PGGM Investments bought a new stake in shares of Citigroup in the 3rd quarter valued at approximately $111,515,000. Institutional investors own 80.08% of the company’s stock.
Shares of Citigroup stock opened at $73.32 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $187,409.20, a price-to-earnings ratio of 13.68, a PEG ratio of 1.06 and a beta of 1.51. Citigroup has a twelve month low of $56.55 and a twelve month high of $80.70.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Monday, February 5th were issued a $0.32 dividend. The ex-dividend date was Friday, February 2nd. This represents a $1.28 annualized dividend and a dividend yield of 1.75%. Citigroup’s dividend payout ratio (DPR) is -41.29%.
C has been the subject of a number of analyst reports. JPMorgan Chase & Co. set a $80.00 price objective on Citigroup and gave the company a “buy” rating in a research report on Wednesday, January 17th. Wells Fargo set a $100.00 price objective on Citigroup and gave the company a “buy” rating in a research report on Wednesday, January 17th. Credit Suisse Group restated a “buy” rating and set a $86.00 price objective on shares of Citigroup in a research report on Thursday, January 4th. Nomura boosted their price objective on Citigroup to $84.00 and gave the company a “buy” rating in a research report on Monday, December 11th. Finally, Vetr upgraded Citigroup from a “hold” rating to a “buy” rating and set a $80.92 price objective for the company in a research report on Monday, December 4th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $79.69.
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Citigroup Company Profile
Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.
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