Citigroup Inc. $C Shares Acquired by Czech National Bank

Czech National Bank boosted its holdings in Citigroup Inc. (NYSE:C) by 2.4% in the 3rd quarter, Holdings Channel reports. The firm owned 467,550 shares of the company’s stock after purchasing an additional 11,010 shares during the period. Czech National Bank’s holdings in Citigroup were worth $47,456,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Brighton Jones LLC increased its position in Citigroup by 166.9% in the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock valued at $1,407,000 after acquiring an additional 12,499 shares during the period. American Century Companies Inc. grew its stake in shares of Citigroup by 5.0% in the 1st quarter. American Century Companies Inc. now owns 370,701 shares of the company’s stock valued at $26,316,000 after purchasing an additional 17,753 shares during the last quarter. Legacy Financial Advisors Inc. grew its stake in shares of Citigroup by 49.3% in the 1st quarter. Legacy Financial Advisors Inc. now owns 5,145 shares of the company’s stock valued at $365,000 after purchasing an additional 1,698 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in shares of Citigroup by 5.7% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 225,376 shares of the company’s stock valued at $15,960,000 after purchasing an additional 12,091 shares during the period. Finally, Capital Analysts LLC raised its stake in shares of Citigroup by 2.1% during the first quarter. Capital Analysts LLC now owns 231,071 shares of the company’s stock worth $16,404,000 after purchasing an additional 4,643 shares during the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on C shares. TD Cowen lifted their price objective on shares of Citigroup from $105.00 to $110.00 and gave the company a “hold” rating in a research report on Wednesday, October 15th. Oppenheimer reduced their target price on shares of Citigroup from $123.00 to $120.00 and set an “outperform” rating for the company in a research note on Wednesday, November 19th. Wolfe Research reiterated an “outperform” rating and set a $121.00 price target on shares of Citigroup in a research note on Wednesday. Cowen restated a “hold” rating on shares of Citigroup in a research report on Wednesday, December 10th. Finally, Zacks Research cut Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Thirteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $113.81.

Citigroup Stock Up 0.1%

Shares of NYSE C opened at $111.42 on Thursday. The stock has a market capitalization of $199.36 billion, a price-to-earnings ratio of 15.65, a price-to-earnings-growth ratio of 0.55 and a beta of 1.21. Citigroup Inc. has a 52 week low of $55.51 and a 52 week high of $113.52. The firm has a 50-day moving average price of $102.07 and a 200 day moving average price of $95.16. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.62.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, October 14th. The company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.35. The company had revenue of $22.09 billion during the quarter, compared to analysts’ expectations of $20.92 billion. Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period last year, the company posted $1.51 earnings per share. Equities research analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Monday, November 3rd were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Monday, November 3rd. Citigroup’s payout ratio is presently 33.71%.

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.