Pacer Advisors Inc. raised its holdings in Citigroup Inc (NYSE:C) by 10.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 74,216 shares of the financial services provider’s stock after buying an additional 6,789 shares during the quarter. Citigroup comprises 0.5% of Pacer Advisors Inc.’s investment portfolio, making the stock its 24th largest position. Pacer Advisors Inc.’s holdings in Citigroup were worth $5,399,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of C. FMR LLC boosted its holdings in Citigroup by 3.8% in the second quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock worth $7,343,721,000 after acquiring an additional 4,061,637 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Citigroup by 6.8% in the second quarter. Bank of New York Mellon Corp now owns 46,110,561 shares of the financial services provider’s stock worth $3,083,874,000 after purchasing an additional 2,943,282 shares during the last quarter. Harris Associates L P raised its stake in shares of Citigroup by 0.5% in the second quarter. Harris Associates L P now owns 41,350,951 shares of the financial services provider’s stock worth $2,765,551,000 after purchasing an additional 221,171 shares during the last quarter. Northern Trust Corp raised its stake in shares of Citigroup by 3.1% in the second quarter. Northern Trust Corp now owns 34,097,795 shares of the financial services provider’s stock worth $2,280,461,000 after purchasing an additional 1,011,532 shares during the last quarter. Finally, Boston Partners raised its stake in shares of Citigroup by 3.4% in the third quarter. Boston Partners now owns 24,591,045 shares of the financial services provider’s stock worth $1,788,752,000 after purchasing an additional 817,162 shares during the last quarter. Hedge funds and other institutional investors own 78.61% of the company’s stock.
Shares of Citigroup Inc (C) opened at $78.59 on Tuesday. The stock has a market capitalization of $207,790.00, a P/E ratio of 14.16, a price-to-earnings-growth ratio of 1.49 and a beta of 1.56. Citigroup Inc has a 52-week low of $55.23 and a 52-week high of $78.90. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.01 and a current ratio of 1.01.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 5th will be paid a $0.32 dividend. The ex-dividend date is Friday, February 2nd. This represents a $1.28 annualized dividend and a dividend yield of 1.63%. Citigroup’s dividend payout ratio is presently 23.06%.
A number of research firms recently commented on C. ValuEngine upgraded Citigroup from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Deutsche Bank set a $74.00 price objective on Citigroup and gave the company a “neutral” rating in a research report on Wednesday, January 17th. Raymond James Financial began coverage on Citigroup in a research report on Tuesday, October 31st. They set a “hold” rating for the company. Morgan Stanley upped their price objective on Citigroup from $73.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, October 13th. Finally, Wells Fargo & Co set a $100.00 price target on Citigroup and gave the stock a “buy” rating in a research report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Citigroup has an average rating of “Buy” and an average target price of $79.30.
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Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.
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