Citigroup Inc (C) Holdings Cut by Regentatlantic Capital LLC
Regentatlantic Capital LLC decreased its stake in shares of Citigroup Inc (NYSE:C) by 0.9% during the fourth quarter, HoldingsChannel reports. The firm owned 186,227 shares of the financial services provider’s stock after selling 1,678 shares during the quarter. Citigroup makes up about 1.1% of Regentatlantic Capital LLC’s investment portfolio, making the stock its 16th largest position. Regentatlantic Capital LLC’s holdings in Citigroup were worth $13,857,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of C. Janus Henderson Group PLC increased its stake in Citigroup by 227.4% during 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 purchasing an additional 6,688,305 shares in the last quarter. Lazard Asset Management LLC increased its stake in Citigroup by 109.5% during the 2nd quarter. Lazard Asset Management LLC now owns 9,292,727 shares of the financial services provider’s stock valued at $621,497,000 after purchasing an additional 4,856,866 shares in the last quarter. PointState Capital LP acquired a new position in Citigroup during the 2nd quarter valued at approximately $321,322,000. The Manufacturers Life Insurance Company increased its stake in Citigroup by 42.4% during 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 purchasing an additional 4,413,329 shares in the last quarter. Finally, FMR LLC increased its stake in Citigroup by 3.8% during the 2nd quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock valued at $7,343,721,000 after purchasing an additional 4,061,637 shares in the last quarter. Institutional investors and hedge funds own 80.94% of the company’s stock.
A number of brokerages have issued reports on C. ValuEngine upgraded shares of Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Deutsche Bank set a $74.00 price objective on shares of Citigroup and gave the company a “neutral” rating in a report on Wednesday, January 17th. Raymond James Financial initiated coverage on shares of Citigroup in a report on Tuesday, October 31st. They issued a “hold” rating on the stock. Morgan Stanley upped their price objective on shares of Citigroup from $73.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, October 13th. Finally, Wells Fargo & Co set a $100.00 price objective on shares of Citigroup and gave the company a “buy” rating in a report on Wednesday, January 17th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Citigroup currently has a consensus rating of “Buy” and an average price target of $79.44.
Citigroup (NYSE:C) last announced its quarterly earnings results 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. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.60%. The firm had revenue of $17.26 billion for the quarter, compared to the consensus estimate of $17.23 billion. During the same period in the prior year, the firm posted $1.14 earnings per share. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. analysts anticipate that Citigroup Inc will post 6.4 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 5th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date is Friday, February 2nd. Citigroup’s dividend payout ratio (DPR) is presently -41.29%.
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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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