Credit Agricole S A cut its holdings in shares of Citigroup (NYSE:C) by 98.9% during the fourth quarter, Holdings Channel reports. The fund owned 18,430 shares of the financial services provider’s stock after selling 1,689,520 shares during the period. Credit Agricole S A’s holdings in Citigroup were worth $1,371,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Capital Research Global Investors raised its stake in Citigroup by 1.3% during the second quarter. Capital Research Global Investors now owns 17,606,438 shares of the financial services provider’s stock worth $1,177,519,000 after purchasing an additional 221,934 shares during the period. Odey Asset Management Group Ltd purchased a new position in Citigroup during the second quarter worth about $2,541,000. Samlyn Capital LLC raised its stake in Citigroup by 2.2% during the second quarter. Samlyn Capital LLC now owns 653,245 shares of the financial services provider’s stock worth $43,689,000 after purchasing an additional 14,250 shares during the period. Credit Capital Investments LLC raised its stake in Citigroup by 31.0% during the second quarter. Credit Capital Investments LLC now owns 38,000 shares of the financial services provider’s stock worth $2,541,000 after purchasing an additional 9,000 shares during the period. Finally, Prudential PLC raised its stake in Citigroup by 22.4% during the second quarter. Prudential PLC now owns 4,707,283 shares of the financial services provider’s stock worth $314,823,000 after purchasing an additional 860,564 shares during the period. Hedge funds and other institutional investors own 80.08% of the company’s stock.
C stock opened at $67.90 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.30. The firm has a market cap of $180,701.33, a P/E ratio of 13.19, a P/E/G ratio of 1.02 and a beta of 1.51. Citigroup has a twelve month low of $56.55 and a twelve month high of $80.70.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Monday, February 5th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend was Friday, February 2nd. Citigroup’s dividend payout ratio (DPR) is currently -41.29%.
C has been the topic of a number of analyst reports. JPMorgan Chase & Co. set a $80.00 target price on shares of Citigroup and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Wells Fargo set a $100.00 target price on shares of Citigroup and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Credit Suisse Group reaffirmed a “buy” rating and set a $86.00 target price on shares of Citigroup in a research note on Thursday, January 4th. Nomura boosted their price target on shares of Citigroup to $84.00 and gave the company a “buy” rating in a research note on Monday, December 11th. Finally, Vetr raised shares of Citigroup from a “hold” rating to a “buy” rating and set a $80.92 price target on the stock in a research note on Monday, December 4th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and fourteen have issued a buy rating to the company’s stock. Citigroup presently has a consensus rating of “Hold” and a consensus price target of $79.69.
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Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.
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