Aevitas Wealth Management Inc. acquired a new position in shares of Citigroup (NYSE:C) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,330 shares of the financial services provider’s stock, valued at approximately $173,000.
Several other large investors have also recently made changes to their positions in C. Janus Henderson Group PLC raised its holdings in Citigroup by 227.4% during 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 buying an additional 6,688,305 shares in the last quarter. PointState Capital LP bought a new position in Citigroup during the second quarter valued at about $321,322,000. The Manufacturers Life Insurance Company raised its holdings in Citigroup by 42.4% during 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 buying an additional 4,413,329 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in shares of Citigroup by 71.9% in the third quarter. Canada Pension Plan Investment Board now owns 5,777,086 shares of the financial services provider’s stock worth $420,225,000 after purchasing an additional 2,416,400 shares during the period. Finally, Mackenzie Financial Corp increased its stake in shares of Citigroup by 50.0% in the fourth quarter. Mackenzie Financial Corp now owns 5,730,023 shares of the financial services provider’s stock worth $426,371,000 after purchasing an additional 1,909,362 shares during the period. Institutional investors and hedge funds own 80.08% of the company’s stock.
A number of equities analysts have recently commented on the company. Zacks Investment Research lowered Citigroup from a “buy” rating to a “hold” rating in a research note on Tuesday. ValuEngine lowered Citigroup from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 1st. Morgan Stanley lifted their price objective on Citigroup from $92.00 to $93.00 and gave the stock an “overweight” rating in a research note on Thursday, March 15th. Jefferies Group reissued a “hold” rating and set a $83.00 target price on shares of Citigroup in a research report on Tuesday, January 16th. Finally, Vetr downgraded Citigroup from a “sell” rating to a “strong sell” rating and set a $61.20 target price on the stock. in a research report on Monday, February 5th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have assigned a buy rating to the stock. Citigroup currently has a consensus rating of “Hold” and a consensus target price of $79.69.
Citigroup (NYSE:C) last announced its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, topping the consensus estimate of $1.19 by $0.09. The business had revenue of $17.26 billion for the quarter, compared to the consensus estimate of $17.23 billion. Citigroup had a positive return on equity of 7.61% and a negative net margin of 7.05%. Citigroup’s revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.14 EPS. research analysts anticipate that Citigroup will post 6.41 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Monday, February 5th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.82%. The ex-dividend date was Friday, February 2nd. Citigroup’s payout ratio is currently -41.29%.
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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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