Standard Life Aberdeen plc lessened its position in Citigroup (NYSE:C) by 28.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,603,231 shares of the financial services provider’s stock after selling 2,998,365 shares during the period. Citigroup accounts for 1.1% of Standard Life Aberdeen plc’s investment portfolio, making the stock its 16th biggest position. Standard Life Aberdeen plc owned approximately 0.30% of Citigroup worth $565,870,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in C. Brown Advisory Inc. boosted its stake in shares of Citigroup by 8.0% during the 4th quarter. Brown Advisory Inc. now owns 333,322 shares of the financial services provider’s stock valued at $24,802,000 after purchasing an additional 24,617 shares in the last quarter. West Chester Capital Advisors Inc. bought a new stake in shares of Citigroup during the 4th quarter valued at about $360,000. CDAM UK Ltd bought a new stake in shares of Citigroup during the 4th quarter valued at about $19,829,000. Pzena Investment Management LLC boosted its stake in shares of Citigroup by 0.5% during the 4th quarter. Pzena Investment Management LLC now owns 8,363,979 shares of the financial services provider’s stock valued at $622,364,000 after purchasing an additional 42,595 shares in the last quarter. Finally, First Republic Investment Management Inc. boosted its stake in shares of Citigroup by 6.8% during the 4th quarter. First Republic Investment Management Inc. now owns 561,597 shares of the financial services provider’s stock valued at $41,788,000 after purchasing an additional 35,524 shares in the last quarter. 80.21% of the stock is currently owned by institutional investors and hedge funds.
Shares of Citigroup (NYSE:C) opened at $73.47 on Friday. Citigroup has a 52 week low of $56.55 and a 52 week high of $80.70. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $188,822.75, a PE ratio of -23.70, a P/E/G ratio of 1.06 and a beta of 1.51.
The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Monday, February 5th were issued a $0.32 dividend. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $1.28 annualized dividend and a yield of 1.74%. Citigroup’s dividend payout ratio (DPR) is presently -41.29%.
C has been the topic of a number of research reports. JPMorgan Chase & Co. set a $80.00 target price on shares of Citigroup and gave the company a “buy” rating in a research note on Wednesday, January 17th. Wells Fargo set a $100.00 target price on shares of Citigroup and gave the company a “buy” rating in a research note on Wednesday, January 17th. Credit Suisse Group reaffirmed a “buy” rating and set a $86.00 target price on shares of Citigroup in a research note on Thursday, January 4th. Nomura lifted their target price on shares of Citigroup to $84.00 and gave the company a “buy” rating in a research note on Monday, December 11th. Finally, Vetr raised shares of Citigroup from a “hold” rating to a “buy” rating and set a $80.92 target price on the stock in a research note on Monday, December 4th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have assigned a buy rating to the company. Citigroup currently has a consensus rating of “Hold” and a consensus price target of $79.69.
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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.
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