Brandes Investment Partners LP lessened its position in shares of Citigroup (NYSE:C) by 4.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,393,425 shares of the financial services provider’s stock after selling 119,368 shares during the quarter. Citigroup comprises approximately 3.6% of Brandes Investment Partners LP’s portfolio, making the stock its 3rd largest position. Brandes Investment Partners LP owned about 0.09% of Citigroup worth $178,094,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the company. Balentine LLC raised its position in Citigroup by 20.2% in the second quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 272 shares during the period. Sawyer & Company Inc purchased a new stake in Citigroup in the fourth quarter valued at approximately $117,000. Baldwin Brothers Inc. MA raised its position in Citigroup by 88.4% in the fourth quarter. Baldwin Brothers Inc. MA now owns 1,598 shares of the financial services provider’s stock valued at $119,000 after purchasing an additional 750 shares during the period. Lee Financial Co raised its position in Citigroup by 57.0% in the fourth quarter. Lee Financial Co now owns 2,240 shares of the financial services provider’s stock valued at $167,000 after purchasing an additional 813 shares during the period. Finally, Omnia Family Wealth LLC raised its position in Citigroup by 187.7% in the fourth quarter. Omnia Family Wealth LLC now owns 2,299 shares of the financial services provider’s stock valued at $171,000 after purchasing an additional 1,500 shares during the period. 80.08% of the stock is currently owned by hedge funds and other institutional investors.
C stock opened at $72.92 on Wednesday. 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 price-to-earnings ratio of -23.52, a P/E/G ratio of 1.06 and a beta of 1.51. Citigroup has a 12 month low of $56.55 and a 12 month high of $80.70.
The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Monday, February 5th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.76%. Citigroup’s payout ratio is currently -41.29%.
A number of brokerages have issued reports on C. Zacks Investment Research lowered Citigroup from a “buy” rating to a “hold” rating in a research report on Tuesday. Morgan Stanley boosted their target price on Citigroup from $92.00 to $93.00 and gave the company an “overweight” rating in a research report on Thursday, March 15th. ValuEngine lowered Citigroup from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 1st. Jefferies Group reissued a “hold” rating and issued a $83.00 target price on shares of Citigroup in a research report on Tuesday, January 16th. Finally, Vetr lowered Citigroup from a “sell” rating to a “strong sell” rating and set a $61.20 target price on the stock. in a research report on Monday, February 5th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Citigroup currently has an average rating of “Hold” and an average target price 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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