Donald Smith & CO. Inc. Has $83.96 Million Stake in Citigroup Inc. (NYSE:C)

Donald Smith & CO. Inc. trimmed its position in Citigroup Inc. (NYSE:C) by 0.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,632,193 shares of the company’s stock after selling 8,455 shares during the quarter. Citigroup makes up 2.2% of Donald Smith & CO. Inc.’s portfolio, making the stock its 19th biggest position. Donald Smith & CO. Inc. owned 0.09% of Citigroup worth $83,960,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Piper Sandler boosted their price objective on shares of Citigroup from $67.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Barclays increased their price objective on shares of Citigroup from $59.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. StockNews.com raised Citigroup from a “sell” rating to a “hold” rating in a report on Tuesday, March 19th. Oppenheimer dropped their price objective on shares of Citigroup from $88.00 to $87.00 and set an “outperform” rating for the company in a report on Monday, April 15th. Finally, Societe Generale downgraded shares of Citigroup from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Citigroup presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.91.

Citigroup Stock Down 0.6 %

Citigroup stock traded down $0.40 during trading on Monday, hitting $62.26. 11,295,567 shares of the company were exchanged, compared to its average volume of 16,965,133. 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 business’s 50 day moving average is $59.09 and its 200 day moving average is $52.07. Citigroup Inc. has a 52 week low of $38.17 and a 52 week high of $63.90. The company has a market capitalization of $119.24 billion, a P/E ratio of 18.49, a PEG ratio of 0.94 and a beta of 1.52.

Citigroup (NYSE:C) last issued its quarterly earnings data on Friday, April 12th. The company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.29. The business had revenue of $21.10 billion during the quarter, compared to the consensus estimate of $20.46 billion. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.86 EPS. Analysts predict that Citigroup Inc. will post 5.97 earnings per share for the current year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date is Friday, May 3rd. Citigroup’s dividend payout ratio is currently 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.