James Hambro & Partners Takes Position in Citigroup (C)

James Hambro & Partners acquired a new stake in shares of Citigroup (NYSE:C) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 7,545 shares of the financial services provider’s stock, valued at approximately $561,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Janus Henderson Group PLC increased 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 valued at $700,395,000 after buying an additional 6,688,305 shares during the last quarter. PointState Capital LP purchased a new stake in Citigroup during the second quarter valued at approximately $321,322,000. The Manufacturers Life Insurance Company increased 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 valued at $990,836,000 after buying an additional 4,413,329 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in Citigroup by 71.9% during the third quarter. Canada Pension Plan Investment Board now owns 5,777,086 shares of the financial services provider’s stock valued at $420,225,000 after buying an additional 2,416,400 shares during the last quarter. Finally, Mackenzie Financial Corp increased its holdings in Citigroup by 50.0% during the fourth quarter. Mackenzie Financial Corp now owns 5,730,023 shares of the financial services provider’s stock valued at $426,371,000 after buying an additional 1,909,362 shares during the last quarter. 80.08% of the stock is owned by hedge funds and other institutional investors.

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A number of brokerages have commented on C. Morgan Stanley upped their target price on shares of Citigroup from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Thursday, March 15th. ValuEngine raised shares of Citigroup from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Deutsche Bank set a $74.00 target price on shares of Citigroup and gave the company a “neutral” rating in a report on Wednesday, January 17th. Wells Fargo set a $100.00 target price on shares of Citigroup and gave the company a “buy” rating in a report on Wednesday, January 17th. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $86.00 target price on shares of Citigroup in a report on Thursday, January 4th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $79.69.

C stock opened at $67.90 on Friday. The firm has a market cap of $180,701.33, a P/E ratio of -21.90, a price-to-earnings-growth ratio of 1.02 and a beta of 1.51. Citigroup 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 1.30, a current ratio of 1.01 and a quick ratio of 1.01.

Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.09. The business had revenue of $17.26 billion during the quarter, compared to analyst estimates of $17.23 billion. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.61%. The company’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.14 earnings per share. sell-side analysts anticipate that Citigroup will post 6.41 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Monday, February 5th were given a $0.32 dividend. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.89%. Citigroup’s payout ratio is currently -41.29%.

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Citigroup Profile

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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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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