LMR Partners LLP lifted its stake in shares of Citigroup Inc (NYSE:C) by 136.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,980 shares of the financial services provider’s stock after purchasing an additional 7,480 shares during the quarter. LMR Partners LLP’s holdings in Citigroup were worth $966,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in C. Janus Henderson Group PLC grew 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 acquiring an additional 6,688,305 shares during the period. Lazard Asset Management LLC grew its holdings in Citigroup by 109.5% during the second quarter. Lazard Asset Management LLC now owns 9,292,727 shares of the financial services provider’s stock worth $621,497,000 after acquiring an additional 4,856,866 shares during the period. PointState Capital LP acquired a new position in Citigroup during the second quarter worth about $321,322,000. The Manufacturers Life Insurance Company grew 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 worth $990,836,000 after acquiring an additional 4,413,329 shares during the period. Finally, FMR LLC grew its holdings in Citigroup by 3.8% during the second quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock worth $7,343,721,000 after acquiring an additional 4,061,637 shares during the period. 80.71% of the stock is currently owned by hedge funds and other institutional investors.
Citigroup Inc (NYSE C) opened at $76.82 on Friday. The firm has a market capitalization of $197,427.41, a PE ratio of 14.41, a P/E/G ratio of 1.12 and a beta of 1.54. Citigroup Inc has a 12 month low of $56.55 and a 12 month high of $80.70. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.01 and a quick ratio of 1.01.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be paid a dividend of $0.32 per share. The ex-dividend date is Friday, February 2nd. This represents a $1.28 annualized dividend and a yield of 1.67%. Citigroup’s dividend payout ratio (DPR) is presently -41.29%.
C has been the topic of a number of research analyst reports. ValuEngine raised Citigroup from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Barclays lifted their target price on Citigroup from $76.00 to $93.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Vetr lowered Citigroup from a “buy” rating to a “hold” rating and set a $76.38 target price on the stock. in a report on Wednesday, November 29th. Raymond James Financial initiated coverage on Citigroup in a report on Tuesday, October 31st. They set a “hold” rating on the stock. Finally, Jefferies Group reaffirmed a “hold” rating and set a $83.00 target price on shares of Citigroup in a report on Tuesday, January 16th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $79.65.
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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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