Savant Capital LLC Increases Holdings in Citigroup Inc. (NYSE:C)

Savant Capital LLC lifted its stake in shares of Citigroup Inc. (NYSE:C) by 15.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 25,297 shares of the company’s stock after purchasing an additional 3,374 shares during the quarter. Savant Capital LLC’s holdings in Citigroup were worth $1,301,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new position in Citigroup during the 4th quarter valued at about $2,109,120,000. Greenhaven Associates Inc. grew its stake 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 in the last quarter. AQR Capital Management LLC increased its holdings in Citigroup by 42.4% during the 3rd quarter. AQR Capital Management LLC now owns 6,484,540 shares of the company’s stock worth $266,709,000 after acquiring an additional 1,930,296 shares during the period. Canada Pension Plan Investment Board lifted its stake in Citigroup by 251.1% in the 3rd quarter. Canada Pension Plan Investment Board now owns 2,356,177 shares of the company’s stock worth $96,910,000 after purchasing an additional 1,685,100 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in Citigroup by 49.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,885,568 shares of the company’s stock worth $118,683,000 after purchasing an additional 959,040 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Price Performance

Shares of Citigroup stock opened at $61.50 on Friday. The stock has a market capitalization of $117.79 billion, a P/E ratio of 18.20, a price-to-earnings-growth ratio of 0.92 and a beta of 1.49. Citigroup Inc. has a one year low of $38.17 and a one year 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 business’s 50 day simple moving average is $59.59 and its two-hundred day simple moving average is $52.48.

Citigroup (NYSE:C) last issued its 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 company had revenue of $21.10 billion for the quarter, compared to the consensus estimate of $20.46 billion. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.86 earnings per share. Analysts forecast that Citigroup Inc. will post 5.98 EPS for the current year.

Citigroup Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Citigroup in a report on Monday, April 1st. Jefferies Financial Group upped their target price on Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a research note on Monday, April 8th. Societe Generale downgraded Citigroup from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. Piper Sandler upped their price objective on shares of Citigroup from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Finally, HSBC lifted their target price on shares of Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $62.85.

About Citigroup

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.