Lourd Capital LLC boosted its stake in Citigroup Inc (NYSE:C) by 65.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,501 shares of the financial services provider’s stock after buying an additional 3,750 shares during the quarter. Lourd Capital LLC’s holdings in Citigroup were worth $707,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Capital Analysts LLC lifted its stake in Citigroup by 5.4% in the 2nd quarter. Capital Analysts LLC now owns 45,844 shares of the financial services provider’s stock worth $3,066,000 after purchasing an additional 2,367 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Citigroup by 5.2% in the 2nd quarter. Principal Financial Group Inc. now owns 4,152,299 shares of the financial services provider’s stock worth $277,705,000 after purchasing an additional 205,298 shares in the last quarter. Bank of Hawaii lifted its stake in Citigroup by 52.2% in the 2nd quarter. Bank of Hawaii now owns 6,536 shares of the financial services provider’s stock worth $437,000 after purchasing an additional 2,242 shares in the last quarter. Norinchukin Bank The lifted its stake in Citigroup by 41.0% in the 2nd quarter. Norinchukin Bank The now owns 137,279 shares of the financial services provider’s stock worth $9,181,000 after purchasing an additional 39,898 shares in the last quarter. Finally, Advisors Capital Management LLC lifted its stake in Citigroup by 2.8% in the 3rd quarter. Advisors Capital Management LLC now owns 186,424 shares of the financial services provider’s stock worth $13,560,000 after purchasing an additional 5,125 shares in the last quarter. 80.71% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Citigroup Inc (NYSE:C) opened at $75.18 on Wednesday. The company has a market cap of $192,133.19, a P/E ratio of -24.25, a PEG ratio of 1.09 and a beta of 1.54. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.29. Citigroup Inc has a 12-month low of $56.55 and a 12-month high of $80.70.

Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.09. The firm had revenue of $17.26 billion for the quarter, compared to analyst estimates of $17.23 billion. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.60%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.14 EPS. analysts forecast that Citigroup Inc will post 6.4 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 5th will be issued a $0.32 dividend. The ex-dividend date is Friday, February 2nd. This represents a $1.28 annualized dividend and a yield of 1.70%. Citigroup’s dividend payout ratio (DPR) is presently -41.29%.

A number of research analysts have weighed in on the stock. Macquarie reissued a “neutral” rating and issued a $84.00 target price (up from $82.00) on shares of Citigroup in a research note on Monday. ValuEngine raised shares of Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 9th. Vetr lowered shares of Citigroup from a “sell” rating to a “strong sell” rating and set a $61.20 target price on the stock. in a research note on Monday, February 5th. Morgan Stanley raised their target price on shares of Citigroup from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Finally, Jefferies Group reissued a “hold” rating and issued a $83.00 target price on shares of Citigroup in a research note on Tuesday, January 16th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Citigroup has a consensus rating of “Buy” and a consensus price target of $79.65.

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Citigroup Company Profile

Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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