Citigroup Inc (C) Shares Sold by Barrow Hanley Mewhinney & Strauss LLC
Barrow Hanley Mewhinney & Strauss LLC cut its stake in Citigroup Inc (NYSE:C) by 3.5% during the fourth quarter, Holdings Channel reports. The firm owned 14,567,025 shares of the financial services provider’s stock after selling 532,025 shares during the period. Citigroup accounts for about 1.6% of Barrow Hanley Mewhinney & Strauss LLC’s holdings, making the stock its 29th largest position. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Citigroup were worth $1,083,932,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Citigroup Inc. lifted its stake in Citigroup by 11.5% in the second quarter. Citigroup Inc. now owns 1,238,876 shares of the financial services provider’s stock worth $82,856,000 after acquiring an additional 127,576 shares during the period. D.A. Davidson & CO. lifted its position in shares of Citigroup by 0.7% during the second quarter. D.A. Davidson & CO. now owns 42,968 shares of the financial services provider’s stock valued at $2,873,000 after buying an additional 279 shares during the last quarter. South Texas Money Management Ltd. purchased a new stake in shares of Citigroup during the second quarter valued at about $13,731,000. Northern Trust Corp lifted its position in shares of Citigroup by 3.1% during the second quarter. Northern Trust Corp now owns 34,097,795 shares of the financial services provider’s stock valued at $2,280,461,000 after buying an additional 1,011,532 shares during the last quarter. Finally, Segment Wealth Management LLC purchased a new stake in shares of Citigroup during the second quarter valued at about $289,000. Hedge funds and other institutional investors own 80.21% of the company’s stock.
C has been the subject of several analyst reports. Nomura increased their price target on shares of Citigroup to $84.00 and gave the company a “buy” rating in a research report on Monday, December 11th. Wells Fargo & Co set a $95.00 price target on shares of Citigroup and gave the company a “buy” rating in a research report on Wednesday, December 20th. Keefe, Bruyette & Woods increased their price target on shares of Citigroup from $80.00 to $87.00 and gave the company an “outperform” rating in a research report on Thursday, December 14th. Credit Suisse Group reissued a “buy” rating and set a $83.00 price target on shares of Citigroup in a research report on Tuesday, December 12th. Finally, DZ Bank raised shares of Citigroup from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $79.65.
Citigroup (NYSE:C) last announced its quarterly earnings data 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 during 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 7.61%. Citigroup’s revenue was up 1.4% on a year-over-year basis. During the same period last year, the firm posted $1.14 EPS. research analysts anticipate that Citigroup Inc will post 6.41 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Monday, February 5th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.71%. The ex-dividend date was Friday, February 2nd. Citigroup’s payout ratio is currently 23.53%.
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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