Addison Advisors LLC Grows Stake in Citigroup Inc. (NYSE:C)

Addison Advisors LLC boosted its position in shares of Citigroup Inc. (NYSE:C) by 20.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,658 shares of the company’s stock after purchasing an additional 279 shares during the quarter. Addison Advisors LLC’s holdings in Citigroup were worth $85,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Northern Trust Corp increased its holdings in shares of Citigroup by 1.2% in the 3rd quarter. Northern Trust Corp now owns 20,051,311 shares of the company’s stock valued at $824,710,000 after acquiring an additional 232,652 shares during the period. Pzena Investment Management LLC increased its holdings in shares of Citigroup by 3.0% in the 3rd quarter. Pzena Investment Management LLC now owns 16,627,430 shares of the company’s stock valued at $683,886,000 after acquiring an additional 486,952 shares during the period. Greenhaven Associates Inc. increased its holdings in shares of Citigroup by 22.4% in the 4th quarter. Greenhaven Associates Inc. now owns 16,113,305 shares of the company’s stock valued at $828,868,000 after acquiring an additional 2,948,512 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Citigroup by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 13,751,201 shares of the company’s stock valued at $565,587,000 after acquiring an additional 192,631 shares during the period. Finally, Sanders Capital LLC increased its holdings in shares of Citigroup by 0.3% in the 3rd quarter. Sanders Capital LLC now owns 11,496,482 shares of the company’s stock valued at $472,850,000 after acquiring an additional 30,501 shares during the period. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Citigroup Price Performance

Shares of Citigroup stock traded up $0.87 on Friday, hitting $62.66. The company’s stock had a trading volume of 16,364,096 shares, compared to its average volume of 14,990,358. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.95 and a current ratio of 0.95. Citigroup Inc. has a 1 year low of $38.17 and a 1 year high of $63.90. The firm has a fifty day moving average price of $59.09 and a 200-day moving average price of $51.99. The company has a market capitalization of $120.01 billion, a price-to-earnings ratio of 18.54, a price-to-earnings-growth ratio of 0.94 and a beta of 1.52.

Citigroup (NYSE:C) last announced its quarterly earnings results on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.29. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The firm had revenue of $21.10 billion during the quarter, compared to analyst estimates of $20.46 billion. During the same quarter in the previous year, the business earned $1.86 EPS. Citigroup’s revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Citigroup Inc. will post 5.97 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $2.12 annualized dividend and a yield of 3.38%. Citigroup’s dividend payout ratio (DPR) is currently 62.72%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on C shares. StockNews.com raised Citigroup from a “sell” rating to a “hold” rating in a research report on Tuesday, March 19th. The Goldman Sachs Group reissued a “buy” rating on shares of Citigroup in a research report on Monday, April 1st. Oppenheimer lowered their price objective on Citigroup from $88.00 to $87.00 and set an “outperform” rating for the company in a research report on Monday, April 15th. HSBC raised their price objective on Citigroup from $61.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Finally, Societe Generale cut Citigroup from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Citigroup has a consensus rating of “Moderate Buy” and an average price target of $62.91.

Citigroup Company Profile

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.