Victory Capital Management Inc. Has $13.06 Million Holdings in Citigroup Inc (C)

Victory Capital Management Inc. boosted its stake in Citigroup Inc (NYSE:C) by 127.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 175,505 shares of the financial services provider’s stock after purchasing an additional 98,491 shares during the period. Victory Capital Management Inc.’s holdings in Citigroup were worth $13,060,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the business. FMR LLC increased its stake in shares of Citigroup by 3.8% during the second quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock valued at $7,343,721,000 after buying an additional 4,061,637 shares during the period. Harris Associates L P increased its stake in shares of Citigroup by 0.5% during the second quarter. Harris Associates L P now owns 41,350,951 shares of the financial services provider’s stock valued at $2,765,551,000 after buying an additional 221,171 shares during the period. Northern Trust Corp increased its stake in shares of Citigroup by 3.1% during the second quarter. Northern Trust Corp now owns 34,097,795 shares of the financial services provider’s stock valued at $2,280,461,000 after buying an additional 1,011,532 shares during the period. Boston Partners increased its stake in shares of Citigroup by 3.4% during the third quarter. Boston Partners now owns 24,591,045 shares of the financial services provider’s stock valued at $1,788,752,000 after buying an additional 817,162 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in shares of Citigroup by 4.7% during the third quarter. Ameriprise Financial Inc. now owns 24,118,886 shares of the financial services provider’s stock valued at $1,754,343,000 after buying an additional 1,091,989 shares during the period. 79.62% of the stock is currently owned by institutional investors and hedge funds.

Shares of Citigroup Inc (C) opened at $77.00 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.29. Citigroup Inc has a 1-year low of $56.55 and a 1-year high of $80.70. The company has a market capitalization of $196,502.17, a price-to-earnings ratio of -24.84, a price-to-earnings-growth ratio of 1.11 and a beta of 1.54.

Citigroup (NYSE:C) last released its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.09. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The business had revenue of $17.26 billion for the quarter, compared to the consensus estimate of $17.23 billion. During the same period in the previous year, the company posted $1.14 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. sell-side analysts anticipate that Citigroup Inc will post 6.4 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Friday, February 2nd. Citigroup’s dividend payout ratio (DPR) is -41.29%.

Several research firms have recently issued reports on C. Vetr cut Citigroup from a “sell” rating to a “strong sell” rating and set a $70.80 target price on the stock. in a research note on Monday, January 29th. Morgan Stanley upped their price target on Citigroup from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Zacks Investment Research raised Citigroup from a “hold” rating to a “buy” rating and set a $89.00 price target on the stock in a research note on Friday, February 2nd. Wells Fargo & Co set a $100.00 price target on Citigroup and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Finally, Keefe, Bruyette & Woods cut Citigroup from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $90.00 to $82.00 in a research note on Tuesday, January 16th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $79.65.

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Citigroup Profile

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.

Institutional Ownership by Quarter for Citigroup (NYSE:C)

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