Natixis Advisors LLC Has $124.73 Million Stock Position in Citigroup Inc. (NYSE:C)

Key Points

• Natixis Advisors LLC increased its holdings in Citigroup Inc. by 3.8% during Q1, owning approximately $124.73 million worth of shares.
• Citigroup reported $1.96 earnings per share for the last quarter, surpassing analysts' expectations, along with a revenue growth of 8.2% year-over-year.
• The company announced a quarterly dividend of $0.60 per share, up from the previous $0.56, with a scheduled payment date of August 22nd.

Natixis Advisors LLC raised its stake in Citigroup Inc. (NYSE:C - Free Report) by 3.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,756,967 shares of the company's stock after acquiring an additional 63,800 shares during the period. Natixis Advisors LLC owned approximately 0.09% of Citigroup worth $124,727,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in C. Orion Capital Management LLC acquired a new position in shares of Citigroup during the 4th quarter worth $28,000. MorganRosel Wealth Management LLC acquired a new position in shares of Citigroup during the 1st quarter worth $28,000. American National Bank & Trust acquired a new position in shares of Citigroup during the 1st quarter worth $29,000. Mascagni Wealth Management Inc. acquired a new position in shares of Citigroup during the 4th quarter worth $34,000. Finally, Cornerstone Planning Group LLC raised its holdings in shares of Citigroup by 68.2% during the 1st quarter. Cornerstone Planning Group LLC now owns 577 shares of the company's stock worth $38,000 after buying an additional 234 shares in the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Citigroup

In related news, Director Peter B. Henry sold 3,000 shares of the company'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 sale, the director owned 2,140 shares in the company, valued at $193,456. This represents a 58.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.08% of the stock is currently owned by insiders.

Citigroup Trading Down 2.0%

Shares of NYSE C traded down $1.86 during trading on Friday, reaching $91.84. The company had a trading volume of 17,720,586 shares, compared to its average volume of 15,836,717. The company's fifty day moving average price is $83.98 and its 200-day moving average price is $76.86. Citigroup Inc. has a 12 month low of $53.51 and a 12 month high of $96.90. The stock has a market cap of $171.53 billion, a P/E ratio of 13.57, a PEG ratio of 0.81 and a beta of 1.38. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 1.61.

Citigroup (NYSE:C - Get Free Report) last announced its earnings results on Tuesday, July 15th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.61 by $0.35. Citigroup had a return on equity of 7.29% and a net margin of 8.44%. The company had revenue of $21.67 billion for the quarter, compared to analyst estimates of $20.75 billion. During the same quarter in the prior year, the company earned $1.52 EPS. The firm's revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, research analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Monday, August 4th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Monday, August 4th. This is a positive change from Citigroup's previous quarterly dividend of $0.56. Citigroup's dividend payout ratio is currently 33.09%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on C. Evercore ISI set a $77.00 price objective on Citigroup in a research report on Monday, July 7th. Dbs Bank upgraded Citigroup from a "hold" rating to a "moderate buy" rating in a research report on Thursday, July 17th. UBS Group restated a "neutral" rating and set a $89.00 price objective on shares of Citigroup in a research report on Tuesday, July 15th. Barclays boosted their price objective on Citigroup from $95.00 to $100.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Finally, TD Cowen boosted their price objective on Citigroup from $85.00 to $95.00 and gave the stock a "hold" rating in a research report on Wednesday, July 16th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $96.54.

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.