Citigroup Inc (C) Shares Bought by Jennison Associates LLC
Jennison Associates LLC lifted its holdings in shares of Citigroup Inc (NYSE:C) by 6.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,383,280 shares of the financial services provider’s stock after purchasing an additional 134,823 shares during the quarter. Jennison Associates LLC owned about 0.09% of Citigroup worth $170,977,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in C. ValueAct Holdings L.P. boosted its holdings in Citigroup by 55.4% during the 2nd quarter. ValueAct Holdings L.P. now owns 25,175,500 shares of the financial services provider’s stock valued at $1,684,744,000 after acquiring an additional 8,975,500 shares during the period. SG Americas Securities LLC boosted its holdings in Citigroup by 120.7% during the 3rd quarter. SG Americas Securities LLC now owns 395,418 shares of the financial services provider’s stock valued at $28,367,000 after acquiring an additional 2,301,918 shares during the period. FMR LLC boosted its holdings in Citigroup by 2.1% during the 2nd quarter. FMR LLC now owns 107,588,759 shares of the financial services provider’s stock valued at $7,199,839,000 after acquiring an additional 2,247,392 shares during the period. Royal London Asset Management Ltd. purchased a new position in Citigroup during the 2nd quarter valued at about $71,423,000. Finally, Prudential Financial Inc. boosted its holdings in Citigroup by 15.0% during the 3rd quarter. Prudential Financial Inc. now owns 7,305,942 shares of the financial services provider’s stock valued at $524,128,000 after acquiring an additional 953,220 shares during the period. Institutional investors and hedge funds own 72.85% of the company’s stock.
Shares of NYSE C opened at $64.95 on Monday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.32. Citigroup Inc has a fifty-two week low of $62.34 and a fifty-two week high of $80.70. The stock has a market cap of $166.93 billion, a PE ratio of 12.19, a price-to-earnings-growth ratio of 0.85 and a beta of 1.47.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 21st. Stockholders of record on Monday, November 5th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Friday, November 2nd. Citigroup’s dividend payout ratio (DPR) is presently 33.77%.
C has been the subject of a number of research analyst reports. BMO Capital Markets raised their target price on Citigroup to $92.00 and gave the company a “market perform” rating in a report on Monday, October 15th. Wolfe Research assumed coverage on Citigroup in a research report on Tuesday, September 25th. They issued an “outperform” rating on the stock. ValuEngine lowered Citigroup from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Deutsche Bank increased their price target on Citigroup from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday, September 27th. Finally, Wells Fargo & Co set a $100.00 price target on Citigroup and gave the company a “buy” rating in a research report on Monday, August 27th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and fifteen have assigned a buy rating to the stock. Citigroup presently has a consensus rating of “Buy” and an average price target of $82.61.
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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