Stevens Capital Management LP Raises Stock Holdings in Citigroup Inc. (NYSE:C)

Stevens Capital Management LP boosted its position in shares of Citigroup Inc. (NYSE:C) by 21.1% in the fourth quarter, HoldingsChannel reports. The fund owned 23,406 shares of the company’s stock after purchasing an additional 4,074 shares during the quarter. Stevens Capital Management LP’s holdings in Citigroup were worth $1,204,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Northern Trust Corp boosted its holdings in Citigroup by 1.2% during the third quarter. Northern Trust Corp now owns 20,051,311 shares of the company’s stock worth $824,710,000 after buying an additional 232,652 shares in the last quarter. Pzena Investment Management LLC grew its holdings in Citigroup by 3.0% in the third quarter. Pzena Investment Management LLC now owns 16,627,430 shares of the company’s stock valued at $683,886,000 after purchasing an additional 486,952 shares during the period. Greenhaven Associates Inc. lifted its position in shares of Citigroup by 22.4% during the 4th quarter. Greenhaven Associates Inc. now owns 16,113,305 shares of the company’s stock valued at $828,868,000 after buying an additional 2,948,512 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Citigroup by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 13,751,201 shares of the company’s stock valued at $565,587,000 after acquiring an additional 192,631 shares during the period. Finally, Sanders Capital LLC increased its holdings in Citigroup by 0.3% in the 3rd quarter. Sanders Capital LLC now owns 11,496,482 shares of the company’s stock worth $472,850,000 after acquiring an additional 30,501 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on C shares. Wells Fargo & Company restated an “overweight” rating and issued a $80.00 target price on shares of Citigroup in a research report on Monday, April 1st. Barclays upped their price target on Citigroup from $59.00 to $63.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 2nd. BMO Capital Markets downgraded Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 price objective on the stock. in a research report on Wednesday, January 10th. Wolfe Research upgraded Citigroup from a “peer perform” rating to an “outperform” rating and set a $58.00 target price for the company in a report on Wednesday, January 3rd. Finally, Societe Generale downgraded shares of Citigroup from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Citigroup has an average rating of “Moderate Buy” and a consensus target price of $62.91.

Citigroup Price Performance

Shares of NYSE C traded up $0.87 during trading on Friday, hitting $62.66. 15,510,677 shares of the company were exchanged, compared to its average volume of 17,024,633. The firm’s fifty day moving average price is $58.94 and its 200 day moving average price is $51.77. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market cap of $120.01 billion, a price-to-earnings ratio of 18.57, a PEG ratio of 0.94 and a beta of 1.52. Citigroup Inc. has a 1 year low of $38.17 and a 1 year high of $63.90.

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

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend is Friday, May 3rd. Citigroup’s payout ratio is 62.72%.

About Citigroup

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.