Citigroup Inc. (NYSE:C) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its stake in Citigroup Inc. (NYSE:C) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,146,772 shares of the company’s stock after purchasing an additional 395,571 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Citigroup were worth $727,710,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in C. Carmel Capital Partners LLC purchased a new position in shares of Citigroup during the third quarter worth $25,000. Orion Capital Management LLC purchased a new stake in Citigroup during the fourth quarter worth about $26,000. AlphaMark Advisors LLC lifted its position in shares of Citigroup by 75.0% during the third quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock worth $29,000 after purchasing an additional 300 shares in the last quarter. OFI Invest Asset Management acquired a new position in shares of Citigroup in the third quarter valued at approximately $35,000. Finally, Rakuten Securities Inc. purchased a new stake in Citigroup during the 4th quarter worth approximately $35,000. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Keefe, Bruyette & Woods raised their price target on shares of Citigroup from $54.00 to $66.00 and gave the company a “market perform” rating in a research report on Friday, April 5th. BMO Capital Markets lowered Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 price target on the stock. in a research report on Wednesday, January 10th. Morgan Stanley raised Citigroup from an “underweight” rating to an “overweight” rating and boosted their price objective for the stock from $46.00 to $65.00 in a research report on Tuesday, January 30th. HSBC increased their price objective on Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Finally, Evercore ISI lifted their target price on shares of Citigroup from $58.00 to $60.00 and gave the company an “in-line” rating in a report on Thursday, April 4th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Citigroup presently has an average rating of “Moderate Buy” and an average price target of $62.85.

Citigroup Price Performance

Shares of NYSE C traded down $0.81 during trading on Tuesday, hitting $62.00. 10,038,142 shares of the company were exchanged, compared to its average volume of 16,616,920. The firm’s fifty day moving average price is $59.85 and its 200 day moving average price is $52.95. 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 company has a market cap of $118.75 billion, a price-to-earnings ratio of 18.34, a PEG ratio of 0.92 and a beta of 1.49. Citigroup Inc. has a 1 year low of $38.17 and a 1 year high of $63.90.

Citigroup (NYSE:C) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $20.46 billion. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.86 EPS. On average, sell-side analysts expect that Citigroup Inc. will post 5.98 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend is Friday, May 3rd. Citigroup’s payout ratio is 62.72%.

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.