Russell Investments Group Ltd. Raises Stock Holdings in Citigroup Inc. (NYSE:C)

Russell Investments Group Ltd. increased its stake in shares of Citigroup Inc. (NYSE:C) by 1.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,921,908 shares of the company’s stock after purchasing an additional 54,683 shares during the quarter. Russell Investments Group Ltd.’s holdings in Citigroup were worth $201,748,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in C. Carmel Capital Partners LLC purchased a new stake in Citigroup in the third quarter valued at about $25,000. GHP Investment Advisors Inc. increased its holdings in shares of Citigroup by 73.8% in the third quarter. GHP Investment Advisors Inc. now owns 683 shares of the company’s stock valued at $28,000 after purchasing an additional 290 shares during the period. AlphaMark Advisors LLC increased its holdings in shares of Citigroup by 75.0% in the third quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock valued at $29,000 after purchasing an additional 300 shares during the period. OFI Invest Asset Management acquired a new position in shares of Citigroup in the third quarter valued at about $35,000. Finally, Rakuten Securities Inc. acquired a new position in shares of Citigroup in the fourth quarter valued at about $35,000. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Citigroup Stock Performance

Shares of Citigroup stock traded up $0.87 on Friday, hitting $62.66. The stock had a trading volume of 16,364,096 shares, compared to its average volume of 14,990,358. Citigroup Inc. has a 52-week low of $38.17 and a 52-week high of $63.90. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.50. The stock has a market cap of $120.01 billion, a price-to-earnings ratio of 18.54, a P/E/G ratio of 0.93 and a beta of 1.52. The company’s 50 day moving average price is $59.09 and its 200 day moving average price is $51.92.

Citigroup (NYSE:C) last posted its quarterly earnings data on Friday, April 12th. The company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.29 by $0.29. The firm had revenue of $21.10 billion during the quarter, compared to the consensus estimate of $20.46 billion. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.86 EPS. On average, research analysts anticipate that Citigroup Inc. will post 5.97 EPS for the current year.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be paid 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 dividend payout ratio is presently 62.72%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. HSBC raised their target price on Citigroup from $61.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Citigroup in a report on Monday, April 1st. Morgan Stanley raised Citigroup from an “underweight” rating to an “overweight” rating and raised their target price for the stock from $46.00 to $65.00 in a report on Tuesday, January 30th. Jefferies Financial Group raised their target price on Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a report on Monday, April 8th. Finally, Barclays raised their price objective on Citigroup from $59.00 to $63.00 and gave the company an “equal weight” rating in a report on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Citigroup presently has an average rating of “Moderate Buy” and an average price target of $62.91.

Citigroup Profile

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.