RWC Asset Management LLP Acquires 14,267 Shares of Citigroup Inc. (NYSE:C)

RWC Asset Management LLP boosted its holdings in shares of Citigroup Inc. (NYSE:C) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 611,630 shares of the company’s stock after acquiring an additional 14,267 shares during the period. Citigroup comprises about 1.9% of RWC Asset Management LLP’s portfolio, making the stock its 17th largest position. RWC Asset Management LLP’s holdings in Citigroup were worth $31,462,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of C. International Assets Investment Management LLC purchased a new position in shares of Citigroup in the 4th quarter valued at approximately $2,109,120,000. Greenhaven Associates Inc. raised its position in Citigroup by 22.4% during the 4th quarter. Greenhaven Associates Inc. now owns 16,113,305 shares of the company’s stock worth $828,868,000 after buying an additional 2,948,512 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Citigroup by 42.4% during the 3rd quarter. AQR Capital Management LLC now owns 6,484,540 shares of the company’s stock valued at $266,709,000 after purchasing an additional 1,930,296 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Citigroup by 251.1% during the 3rd quarter. Canada Pension Plan Investment Board now owns 2,356,177 shares of the company’s stock valued at $96,910,000 after purchasing an additional 1,685,100 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Citigroup by 49.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,885,568 shares of the company’s stock valued at $118,683,000 after purchasing an additional 959,040 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on C. Oppenheimer lowered their target price on shares of Citigroup from $88.00 to $87.00 and set an “outperform” rating on the stock in a research note on Monday, April 15th. Jefferies Financial Group boosted their price objective on shares of Citigroup from $56.00 to $65.00 and gave the company a “hold” rating in a report on Monday, April 8th. HSBC boosted their price objective on shares of Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Morgan Stanley upgraded shares of Citigroup from an “underweight” rating to an “overweight” rating and boosted their price objective for the company from $46.00 to $65.00 in a report on Tuesday, January 30th. Finally, Societe Generale lowered shares of Citigroup from a “hold” rating to a “sell” rating in a report on Monday, January 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Citigroup currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.91.

Citigroup Stock Up 1.4 %

NYSE:C traded up $0.87 during midday trading on Friday, hitting $62.66. 16,364,096 shares of the company were exchanged, compared to its average volume of 14,990,358. The company has a fifty day simple moving average of $59.09 and a 200 day simple moving average of $51.92. Citigroup Inc. has a fifty-two week low of $38.17 and a fifty-two week high of $63.90. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $120.01 billion, a PE ratio of 18.54, a price-to-earnings-growth ratio of 0.93 and a beta of 1.52.

Citigroup (NYSE:C) last posted its quarterly earnings data on Friday, April 12th. The company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.29. The company 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%. Citigroup’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.86 earnings per share. As a group, equities analysts anticipate that Citigroup Inc. will post 5.97 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 6th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 3.38%. The ex-dividend date is Friday, May 3rd. Citigroup’s payout ratio is 62.72%.

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.