Mackenzie Financial Corp boosted its holdings in shares of Citigroup (NYSE:C) by 50.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,730,023 shares of the financial services provider’s stock after purchasing an additional 1,909,362 shares during the period. Citigroup makes up approximately 1.0% of Mackenzie Financial Corp’s holdings, making the stock its 18th biggest position. Mackenzie Financial Corp owned about 0.22% of Citigroup worth $426,371,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Sawyer & Company Inc purchased a new stake in shares of Citigroup in the 4th quarter valued at approximately $117,000. Baldwin Brothers Inc. MA lifted its position in shares of Citigroup by 88.4% in the 4th quarter. Baldwin Brothers Inc. MA now owns 1,598 shares of the financial services provider’s stock valued at $119,000 after acquiring an additional 750 shares in the last quarter. Balentine LLC lifted its position in shares of Citigroup by 20.2% in the 2nd quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 272 shares in the last quarter. Lee Financial Co lifted its position in shares of Citigroup by 57.0% in the 4th quarter. Lee Financial Co now owns 2,240 shares of the financial services provider’s stock valued at $167,000 after acquiring an additional 813 shares in the last quarter. Finally, Omnia Family Wealth LLC lifted its position in shares of Citigroup by 187.7% in the 4th quarter. Omnia Family Wealth LLC now owns 2,299 shares of the financial services provider’s stock valued at $171,000 after acquiring an additional 1,500 shares in the last quarter. 80.08% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts recently commented on C shares. Vetr downgraded shares of Citigroup from a “buy” rating to a “hold” rating and set a $76.38 price target for the company. in a research report on Wednesday, November 29th. Nomura increased their target price on shares of Citigroup to $84.00 and gave the stock a “buy” rating in a research report on Monday, December 11th. Credit Suisse Group reiterated a “buy” rating and issued a $83.00 target price on shares of Citigroup in a research report on Tuesday, December 12th. Keefe, Bruyette & Woods increased their target price on shares of Citigroup from $80.00 to $87.00 and gave the stock an “outperform” rating in a research report on Thursday, December 14th. Finally, Wells Fargo set a $95.00 target price on shares of Citigroup and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $79.69.
Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.09. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.61%. The company had revenue of $17.26 billion for the quarter, compared to analyst estimates of $17.23 billion. During the same quarter in the prior year, the business posted $1.14 EPS. Citigroup’s quarterly revenue was up 1.4% on a year-over-year basis. research analysts forecast that Citigroup will post 6.41 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Monday, February 5th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend 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%.
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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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