O Shaughnessy Asset Management LLC lowered its stake in shares of Citigroup Inc (NYSE:C) by 5.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,971,448 shares of the financial services provider’s stock after selling 112,756 shares during the quarter. Citigroup makes up approximately 2.6% of O Shaughnessy Asset Management LLC’s holdings, making the stock its 6th biggest holding. O Shaughnessy Asset Management LLC’s holdings in Citigroup were worth $102,703,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Bank of New York Mellon Corp raised its holdings in Citigroup by 96,369.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 41,578,475 shares of the financial services provider’s stock worth $2,982,839,000 after buying an additional 41,535,375 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in Citigroup by 5,064.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 40,038,201 shares of the financial services provider’s stock worth $769,000 after buying an additional 39,262,981 shares during the period. ValueAct Holdings L.P. raised its holdings in Citigroup by 4.2% during the 3rd quarter. ValueAct Holdings L.P. now owns 26,225,500 shares of the financial services provider’s stock worth $1,881,417,000 after buying an additional 1,050,000 shares during the period. Dimensional Fund Advisors LP raised its holdings in Citigroup by 2.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 17,152,945 shares of the financial services provider’s stock worth $1,230,679,000 after buying an additional 350,881 shares during the period. Finally, Morgan Stanley raised its holdings in Citigroup by 0.5% during the 3rd quarter. Morgan Stanley now owns 16,607,640 shares of the financial services provider’s stock worth $1,191,430,000 after buying an additional 79,843 shares during the period. 70.37% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider W. Bradford Hu sold 5,420 shares of Citigroup stock in a transaction on Friday, February 15th. The stock was sold at an average price of $64.27, for a total transaction of $348,343.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael Whitaker sold 7,000 shares of Citigroup stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $63.24, for a total value of $442,680.00. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.
C stock opened at $64.11 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.99 and a quick ratio of 0.99. Citigroup Inc has a one year low of $48.42 and a one year high of $75.24. The firm has a market cap of $164.77 billion, a price-to-earnings ratio of 9.64, a P/E/G ratio of 0.79 and a beta of 1.68.
Citigroup (NYSE:C) last released its quarterly earnings data on Monday, January 14th. The financial services provider reported $1.61 EPS for the quarter, topping the Zacks’ consensus estimate of $1.55 by $0.06. Citigroup had a net margin of 18.58% and a return on equity of 9.93%. The firm had revenue of $17.10 billion during the quarter, compared to analysts’ expectations of $17.57 billion. During the same period in the previous year, the business posted $1.28 earnings per share. The company’s revenue for the quarter was down 2.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Citigroup Inc will post 7.45 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 22nd. Shareholders of record on Monday, February 4th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, February 1st. This represents a $1.80 dividend on an annualized basis and a yield of 2.81%. Citigroup’s dividend payout ratio (DPR) is 27.07%.
Several brokerages have commented on C. Zacks Investment Research downgraded shares of Citigroup from a “buy” rating to a “hold” rating in a report on Friday, December 7th. Credit Suisse Group restated an “outperform” rating and set a $80.00 target price on shares of Citigroup in a report on Tuesday, January 15th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and fourteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $77.33.
TRADEMARK VIOLATION WARNING: “Citigroup Inc (C) Holdings Reduced by O Shaughnessy Asset Management LLC” was originally posted by Zolmax and is the sole property of of Zolmax. If you are accessing this piece on another publication, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece can be viewed at https://zolmax.com/investing/citigroup-inc-c-holdings-reduced-by-o-shaughnessy-asset-management-llc/2965296.html.
Citigroup Company Profile
Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.
Featured Story: Net Asset Value
Want to see what other hedge funds are holding C? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citigroup Inc (NYSE:C).
Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.