First Trust Direct Indexing L.P. Increases Position in Citigroup Inc. (NYSE:C)

First Trust Direct Indexing L.P. boosted its holdings in Citigroup Inc. (NYSE:C) by 28.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 35,341 shares of the company’s stock after purchasing an additional 7,867 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Citigroup were worth $1,818,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of C. International Assets Investment Management LLC purchased a new stake in Citigroup in the fourth quarter worth approximately $2,109,120,000. Greenhaven Associates Inc. boosted its holdings in Citigroup by 22.4% in the fourth quarter. Greenhaven Associates Inc. now owns 16,113,305 shares of the company’s stock worth $828,868,000 after purchasing an additional 2,948,512 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Citigroup by 42.4% in the third quarter. AQR Capital Management LLC now owns 6,484,540 shares of the company’s stock worth $266,709,000 after purchasing an additional 1,930,296 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in Citigroup by 251.1% in the third quarter. Canada Pension Plan Investment Board now owns 2,356,177 shares of the company’s stock worth $96,910,000 after purchasing an additional 1,685,100 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Citigroup by 49.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,885,568 shares of the company’s stock worth $118,683,000 after acquiring an additional 959,040 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Trading Down 0.2 %

Citigroup stock traded down $0.11 during trading hours on Thursday, hitting $61.24. The company had a trading volume of 1,789,232 shares, compared to its average volume of 16,680,709. The firm has a market cap of $117.29 billion, a P/E ratio of 18.15, a P/E/G ratio of 0.92 and a beta of 1.49. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.95 and a current ratio of 0.95. Citigroup Inc. has a 1 year low of $38.17 and a 1 year high of $63.90. The company has a 50-day moving average price of $59.48 and a two-hundred day moving average price of $52.41.

Citigroup (NYSE:C) last announced its quarterly earnings results on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.29. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The firm had revenue of $21.10 billion during the quarter, compared to analysts’ expectations of $20.46 billion. During the same quarter in the prior year, the company earned $1.86 EPS. The company’s revenue was down 1.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Citigroup Inc. will post 5.97 earnings per share for the current year.

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 6th will be given a $0.53 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $2.12 annualized dividend and a dividend yield of 3.46%. Citigroup’s payout ratio is presently 62.72%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Keefe, Bruyette & Woods lifted their target price on shares of Citigroup from $54.00 to $66.00 and gave the company a “market perform” rating in a research note on Friday, April 5th. BMO Capital Markets cut shares of Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 target price on the stock. in a research note on Wednesday, January 10th. Societe Generale cut shares of Citigroup from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. Wells Fargo & Company reiterated an “overweight” rating and issued a $80.00 price target on shares of Citigroup in a report on Monday, April 1st. Finally, Wolfe Research upgraded shares of Citigroup from a “peer perform” rating to an “outperform” rating and set a $58.00 price target on the stock in a report on Wednesday, January 3rd. One research 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.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $62.85.

Citigroup Company Profile

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.