Citigroup Inc (C) Position Decreased by Karpas Strategies LLC
Karpas Strategies LLC decreased its stake in Citigroup Inc (NYSE:C) by 11.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 37,773 shares of the financial services provider’s stock after selling 4,985 shares during the period. Citigroup accounts for 1.2% of Karpas Strategies LLC’s holdings, making the stock its 24th biggest position. Karpas Strategies LLC’s holdings in Citigroup were worth $2,811,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. Janus Henderson Group PLC boosted its position in Citigroup by 227.4% during the 3rd quarter. Janus Henderson Group PLC now owns 9,629,422 shares of the financial services provider’s stock worth $700,395,000 after acquiring an additional 6,688,305 shares during the period. Lazard Asset Management LLC boosted its position in Citigroup by 109.5% during the 2nd quarter. Lazard Asset Management LLC now owns 9,292,727 shares of the financial services provider’s stock worth $621,497,000 after acquiring an additional 4,856,866 shares during the period. PointState Capital LP acquired a new stake in Citigroup during the 2nd quarter worth about $321,322,000. The Manufacturers Life Insurance Company boosted its position in Citigroup by 42.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,815,133 shares of the financial services provider’s stock worth $990,836,000 after acquiring an additional 4,413,329 shares during the period. Finally, FMR LLC boosted its position in Citigroup by 3.8% during the 2nd quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock worth $7,343,721,000 after acquiring an additional 4,061,637 shares during the period. Institutional investors and hedge funds own 80.71% of the company’s stock.
Citigroup Inc (NYSE C) opened at $74.76 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.29. Citigroup Inc has a one year low of $56.55 and a one year high of $80.70. The firm has a market capitalization of $189,357.58, a P/E ratio of 13.82, a P/E/G ratio of 1.07 and a beta of 1.54.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.71%. The ex-dividend date is Friday, February 2nd. Citigroup’s dividend payout ratio is currently -41.29%.
A number of research firms have recently weighed in on C. Macquarie raised their price target on Citigroup from $82.00 to $84.00 and gave the stock a “neutral” rating in a research note on Monday. Vetr downgraded Citigroup from a “sell” rating to a “strong sell” rating and set a $61.20 price target for the company. in a research note on Monday, February 5th. ValuEngine raised Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Friday. Morgan Stanley raised their price target on Citigroup from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Finally, Jefferies Group reaffirmed a “hold” rating and set a $83.00 price target on shares of Citigroup in a research note on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $79.65.
Citigroup Company Profile
Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.
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