Personal Capital Advisors Corp Takes $314,000 Position in Citigroup Inc (C)
Personal Capital Advisors Corp acquired a new position in shares of Citigroup Inc (NYSE:C) in the 4th quarter, Holdings Channel reports. The fund acquired 4,220 shares of the financial services provider’s stock, valued at approximately $314,000.
Several other hedge funds and other institutional investors have also modified their holdings of the company. 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 worth $700,395,000 after purchasing an additional 6,688,305 shares in the last quarter. Lazard Asset Management LLC increased 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 buying 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 $321,322,000. The Manufacturers Life Insurance Company increased 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 buying an additional 4,413,329 shares in the last quarter. Finally, FMR LLC increased 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 buying an additional 4,061,637 shares in the last quarter. Institutional investors and hedge funds own 80.94% of the company’s stock.
Several research firms have issued reports on C. Vetr cut Citigroup from a “sell” rating to a “strong sell” rating and set a $70.80 price target on the stock. in a report on Monday, January 29th. Morgan Stanley upped their price target on Citigroup from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Zacks Investment Research raised Citigroup from a “hold” rating to a “buy” rating and set a $89.00 price target on the stock in a report on Friday, February 2nd. Keefe, Bruyette & Woods cut Citigroup from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $90.00 to $82.00 in a report on Tuesday, January 16th. Finally, Jefferies Group reissued a “hold” rating and set a $83.00 target price on shares of Citigroup in a research note on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Citigroup presently has a consensus rating of “Buy” and a consensus target price of $79.44.
Citigroup (NYSE:C) last issued its quarterly earnings data 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 firm 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%. Citigroup’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.14 earnings per share. analysts anticipate that Citigroup Inc will post 6.4 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 5th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Friday, February 2nd. Citigroup’s dividend payout ratio is presently 23.06%.
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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