Candriam Luxembourg S.C.A. raised its stake in Citigroup Inc (NYSE:C) by 12.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 579,545 shares of the financial services provider’s stock after acquiring an additional 62,890 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Citigroup were worth $30,170,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in C. Condor Capital Management lifted its holdings in shares of Citigroup by 0.5% during the fourth quarter. Condor Capital Management now owns 31,706 shares of the financial services provider’s stock valued at $1,651,000 after purchasing an additional 164 shares in the last quarter. Appleton Partners Inc. MA lifted its holdings in Citigroup by 0.4% in the fourth quarter. Appleton Partners Inc. MA now owns 39,955 shares of the financial services provider’s stock valued at $2,080,000 after acquiring an additional 175 shares during the period. TCI Wealth Advisors Inc. lifted its holdings in Citigroup by 7.6% in the fourth quarter. TCI Wealth Advisors Inc. now owns 2,806 shares of the financial services provider’s stock valued at $146,000 after acquiring an additional 197 shares during the period. Highstreet Asset Management Inc. lifted its holdings in Citigroup by 1.9% in the fourth quarter. Highstreet Asset Management Inc. now owns 10,700 shares of the financial services provider’s stock valued at $557,000 after acquiring an additional 200 shares during the period. Finally, Stillwater Investment Management LLC lifted its holdings in Citigroup by 0.7% in the fourth quarter. Stillwater Investment Management LLC now owns 29,668 shares of the financial services provider’s stock valued at $1,545,000 after acquiring an additional 204 shares during the period. 71.30% of the stock is currently owned by hedge funds and other institutional investors.
C has been the topic of a number of recent research reports. Standpoint Research raised Citigroup from a “hold” rating to a “buy” rating and set a $49.70 target price on the stock in a report on Wednesday, December 26th. Barclays lowered their target price on Citigroup from $93.00 to $82.00 and set an “overweight” rating on the stock in a report on Wednesday, January 2nd. Wells Fargo & Co downgraded Citigroup to a “buy” rating in a research note on Friday, January 4th. Macquarie raised Citigroup from a “neutral” rating to an “outperform” rating in a research note on Monday, January 7th. Finally, Morgan Stanley decreased their price objective on Citigroup from $81.00 to $76.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 8th. Five equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Citigroup has a consensus rating of “Buy” and an average target price of $80.61.
Citigroup (NYSE:C) last released its earnings results on Monday, April 15th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.09. Citigroup had a return on equity of 10.05% and a net margin of 18.32%. The firm had revenue of $18.58 billion during the quarter, compared to analysts’ expectations of $18.56 billion. During the same quarter last year, the business posted $1.68 earnings per share. The firm’s revenue was down 1.6% on a year-over-year basis. On average, research analysts predict that Citigroup Inc will post 7.55 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.58%. The ex-dividend date is Friday, May 3rd. Citigroup’s dividend payout ratio is currently 27.07%.
In other Citigroup news, insider W. Bradford Hu sold 5,420 shares of the firm’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $64.27, for a total transaction of $348,343.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael Whitaker sold 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 13th. The shares were sold at an average price of $63.24, for a total value of $442,680.00. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.
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Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
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