Citigroup Inc. (NYSE:C) Position Trimmed by River Global Investors LLP

River Global Investors LLP cut its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 7.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 165,525 shares of the company's stock after selling 13,141 shares during the quarter. Citigroup comprises 1.6% of River Global Investors LLP's investment portfolio, making the stock its 9th biggest holding. River Global Investors LLP's holdings in Citigroup were worth $8,519,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in C. International Assets Investment Management LLC purchased a new stake in Citigroup during the fourth quarter valued at $2,109,120,000. Greenhaven Associates Inc. increased its position in Citigroup by 22.4% during the fourth quarter. Greenhaven Associates Inc. now owns 16,113,305 shares of the company's stock valued at $828,868,000 after acquiring an additional 2,948,512 shares during the last quarter. AQR Capital Management LLC increased its position in Citigroup by 42.4% during the third quarter. AQR Capital Management LLC now owns 6,484,540 shares of the company's stock valued at $266,709,000 after acquiring an additional 1,930,296 shares during the last quarter. Fisher Asset Management LLC increased its position in Citigroup by 8.0% during the fourth quarter. Fisher Asset Management LLC now owns 24,751,813 shares of the company's stock valued at $1,273,233,000 after acquiring an additional 1,832,819 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its position in Citigroup by 251.1% during the third quarter. Canada Pension Plan Investment Board now owns 2,356,177 shares of the company's stock valued at $96,910,000 after acquiring an additional 1,685,100 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Wells Fargo & Company reissued an "overweight" rating and set a $80.00 price target on shares of Citigroup in a report on Monday, April 1st. Evercore ISI upped their price objective on Citigroup from $58.00 to $60.00 and gave the stock an "in-line" rating in a research note on Thursday, April 4th. BMO Capital Markets lowered Citigroup from an "outperform" rating to a "market perform" rating and set a $57.00 price objective for the company. in a research note on Wednesday, January 10th. Societe Generale lowered Citigroup from a "hold" rating to a "sell" rating in a research note on Monday, January 8th. Finally, HSBC upped their price objective on Citigroup from $61.00 to $70.00 and gave the stock a "buy" rating in a research note on Thursday, March 28th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Citigroup currently has a consensus rating of "Moderate Buy" and an average target price of $62.85.

Citigroup Stock Performance

C traded up $0.51 on Friday, reaching $61.52. 11,048,877 shares of the stock were exchanged, compared to its average volume of 15,112,875. The company's 50-day moving average price is $59.70 and its 200 day moving average price is $52.62. Citigroup Inc. has a fifty-two week low of $38.17 and a fifty-two week high of $63.90. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market capitalization of $117.83 billion, a PE ratio of 18.20, a PEG ratio of 0.92 and a beta of 1.49.

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

Citigroup Announces Dividend

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

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.