Boston Partners Has $117.97 Million Stake in Citigroup Inc. (NYSE:C)

Key Points

• Boston Partners reduced its stake in Citigroup Inc. by 0.3%, now owning approximately 0.09% of the company, valued at $117.97 million.
• Citigroup reported $1.96 earnings per share for the last quarter, exceeding estimates and showing a year-over-year revenue increase of 8.2%.
• The company recently declared a quarterly dividend of $0.60 per share, marking an increase from the previous dividend of $0.56.

Boston Partners lessened its stake in Citigroup Inc. (NYSE:C - Free Report) by 0.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,662,894 shares of the company's stock after selling 5,469 shares during the period. Boston Partners owned about 0.09% of Citigroup worth $117,972,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Orion Capital Management LLC bought a new stake in Citigroup in the fourth quarter valued at about $28,000. MorganRosel Wealth Management LLC acquired a new stake in Citigroup during the first quarter valued at approximately $28,000. American National Bank & Trust bought a new stake in shares of Citigroup in the 1st quarter valued at approximately $29,000. Accent Capital Management LLC raised its holdings in shares of Citigroup by 106.0% in the 1st quarter. Accent Capital Management LLC now owns 412 shares of the company's stock worth $29,000 after buying an additional 212 shares in the last quarter. Finally, Mascagni Wealth Management Inc. bought a new position in shares of Citigroup during the 4th quarter worth approximately $34,000. 71.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Peter B. Henry sold 3,000 shares of the business's stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total transaction of $271,200.00. Following the completion of the transaction, the director directly owned 2,140 shares in the company, valued at approximately $193,456. The trade was a 58.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.08% of the stock is owned by corporate insiders.

Citigroup Trading Down 1.9%

Citigroup stock traded down $1.80 during trading hours on Friday, reaching $93.66. 11,998,955 shares of the company's stock traded hands, compared to its average volume of 15,281,200. The firm has a market capitalization of $172.42 billion, a price-to-earnings ratio of 13.83, a PEG ratio of 0.81 and a beta of 1.38. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.99 and a current ratio of 0.99. Citigroup Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $96.90. The firm's 50 day moving average is $87.83 and its 200-day moving average is $77.84.

Citigroup (NYSE:C - Get Free Report) last posted its quarterly earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share for the quarter, topping analysts' consensus estimates of $1.61 by $0.35. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. The business had revenue of $21.67 billion during the quarter, compared to the consensus estimate of $20.75 billion. During the same period in the previous year, the firm posted $1.52 earnings per share. Citigroup's revenue for the quarter was up 8.2% compared to the same quarter last year. On average, analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Monday, August 4th will be given a $0.60 dividend. The ex-dividend date is Monday, August 4th. This represents a $2.40 annualized dividend and a dividend yield of 2.6%. This is an increase from Citigroup's previous quarterly dividend of $0.56. Citigroup's dividend payout ratio is 35.45%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Keefe, Bruyette & Woods reiterated a "buy" rating on shares of Citigroup in a research report on Wednesday, July 16th. Oppenheimer boosted their target price on shares of Citigroup from $123.00 to $124.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Evercore ISI set a $77.00 target price on shares of Citigroup in a research report on Monday, July 7th. TD Cowen boosted their price target on shares of Citigroup from $85.00 to $95.00 and gave the company a "hold" rating in a research report on Wednesday, July 16th. Finally, Cowen started coverage on shares of Citigroup in a research note on Wednesday, May 14th. They set a "hold" rating on the stock. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $96.54.

Citigroup Company 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.