Citigroup Inc. (NYSE:C) Stock Holdings Increased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its holdings in Citigroup Inc. (NYSE:C) by 12.7% during the fourth quarter, Holdings Channel reports. The firm owned 213,153 shares of the company’s stock after purchasing an additional 23,998 shares during the period. Daiwa Securities Group Inc.’s holdings in Citigroup were worth $10,965,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Snider Financial Group raised its holdings in shares of Citigroup by 96,645.9% during the first quarter. Snider Financial Group now owns 84,494,926 shares of the company’s stock valued at $4,512,000 after acquiring an additional 84,407,589 shares during the period. Geode Capital Management LLC increased its stake in Citigroup by 1.5% in the 1st quarter. Geode Capital Management LLC now owns 35,179,006 shares of the company’s stock valued at $1,646,775,000 after buying an additional 519,202 shares during the period. Morgan Stanley increased its stake in Citigroup by 2.6% in the 4th quarter. Morgan Stanley now owns 25,852,678 shares of the company’s stock valued at $1,169,317,000 after buying an additional 666,560 shares during the period. Northern Trust Corp increased its stake in Citigroup by 1.2% in the 3rd quarter. Northern Trust Corp now owns 20,051,311 shares of the company’s stock valued at $824,710,000 after buying an additional 232,652 shares during the period. Finally, Pzena Investment Management LLC increased its stake in Citigroup by 3.0% in the 3rd quarter. Pzena Investment Management LLC now owns 16,627,430 shares of the company’s stock valued at $683,886,000 after buying an additional 486,952 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on C. StockNews.com upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. Oppenheimer decreased their price objective on shares of Citigroup from $88.00 to $87.00 and set an “outperform” rating for the company in a report on Monday. Jefferies Financial Group upped their price objective on shares of Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a report on Monday, April 8th. Evercore ISI upped their price objective on shares of Citigroup from $58.00 to $60.00 and gave the stock an “in-line” rating in a report on Thursday, April 4th. Finally, Morgan Stanley raised shares of Citigroup from an “underweight” rating to an “overweight” rating and upped their price objective for the stock from $46.00 to $65.00 in a report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $62.91.

Citigroup Trading Up 0.2 %

Shares of C stock opened at $58.31 on Thursday. Citigroup Inc. has a 52-week low of $38.17 and a 52-week high of $63.90. The firm has a fifty day moving average of $58.11 and a 200-day moving average of $50.98. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market cap of $111.68 billion, a price-to-earnings ratio of 17.21, a P/E/G ratio of 0.86 and a beta of 1.52.

Citigroup (NYSE:C) last issued its earnings results on Friday, April 12th. The company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.29. The company had revenue of $21.10 billion for the quarter, compared to analyst estimates of $20.46 billion. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.86 EPS. On average, equities research analysts forecast that Citigroup Inc. will post 5.91 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 6th will be paid a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 3.64%. The ex-dividend date is Friday, May 3rd. Citigroup’s dividend payout ratio (DPR) is presently 62.72%.

About Citigroup

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.