Citigroup Inc. (NYSE:C) Shares Sold by LSV Asset Management

LSV Asset Management trimmed its stake in Citigroup Inc. (NYSE:C) by 1.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,385,119 shares of the company’s stock after selling 126,223 shares during the period. Citigroup makes up 0.8% of LSV Asset Management’s investment portfolio, making the stock its 22nd largest holding. LSV Asset Management’s holdings in Citigroup were worth $379,891,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. International Assets Investment Management LLC acquired a new stake in Citigroup during the 4th quarter worth $2,109,120,000. Greenhaven Associates Inc. raised its holdings in shares of Citigroup by 22.4% in the fourth 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 during the last quarter. AQR Capital Management LLC boosted its stake in shares of Citigroup by 42.4% during the third quarter. AQR Capital Management LLC now owns 6,484,540 shares of the company’s stock worth $266,709,000 after buying an additional 1,930,296 shares during the period. Fisher Asset Management LLC boosted its stake in shares of Citigroup by 8.0% during the fourth quarter. Fisher Asset Management LLC now owns 24,751,813 shares of the company’s stock worth $1,273,233,000 after buying an additional 1,832,819 shares during the period. Finally, Canada Pension Plan Investment Board grew its holdings in shares of Citigroup by 251.1% during the third quarter. Canada Pension Plan Investment Board now owns 2,356,177 shares of the company’s stock worth $96,910,000 after buying an additional 1,685,100 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Price Performance

NYSE C traded up $0.51 during mid-day trading on Friday, hitting $61.52. The stock had a trading volume of 11,048,877 shares, compared to its average volume of 15,112,875. The company has a 50 day simple moving average of $59.70 and a 200 day simple moving average of $52.62. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50. The company has a market cap of $117.83 billion, a price-to-earnings ratio of 18.20, a P/E/G ratio of 0.92 and a beta of 1.49. Citigroup Inc. has a 52-week low of $38.17 and a 52-week high of $63.90.

Citigroup (NYSE:C) last announced its quarterly earnings results on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.29. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The business had revenue of $21.10 billion during the quarter, compared to analysts’ expectations of $20.46 billion. During the same quarter last year, the business posted $1.86 earnings per share. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. Equities analysts forecast that Citigroup Inc. will post 5.98 EPS for the current fiscal year.

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 3.45%. The ex-dividend date is Friday, May 3rd. Citigroup’s dividend payout ratio (DPR) is presently 62.72%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Keefe, Bruyette & Woods increased their price objective on Citigroup from $54.00 to $66.00 and gave the stock a “market perform” rating in a research report on Friday, April 5th. Evercore ISI increased their price target on Citigroup from $58.00 to $60.00 and gave the stock an “in-line” rating in a report on Thursday, April 4th. HSBC boosted their price objective on shares of Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $80.00 target price on shares of Citigroup in a report on Monday, April 1st. Finally, Morgan Stanley upgraded shares of Citigroup from an “underweight” rating to an “overweight” rating and raised their price objective for the company from $46.00 to $65.00 in a research report on Tuesday, January 30th. One 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. According to MarketBeat, Citigroup has a consensus rating of “Moderate Buy” and an average target price of $62.85.

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.