Citigroup Inc. (NYSE:C) Shares Acquired by Herbst Group LLC

Herbst Group LLC grew its holdings in Citigroup Inc. (NYSE:C) by 19.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 22,511 shares of the company’s stock after buying an additional 3,655 shares during the period. Herbst Group LLC’s holdings in Citigroup were worth $1,585,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Blair William & Co. IL increased its stake in Citigroup by 3.8% in the 2nd quarter. Blair William & Co. IL now owns 151,630 shares of the company’s stock valued at $9,622,000 after buying an additional 5,481 shares during the period. Intech Investment Management LLC increased its stake in shares of Citigroup by 2.9% during the second quarter. Intech Investment Management LLC now owns 104,407 shares of the company’s stock worth $6,626,000 after acquiring an additional 2,896 shares during the period. Ieq Capital LLC raised its holdings in Citigroup by 20.9% during the second quarter. Ieq Capital LLC now owns 59,332 shares of the company’s stock worth $3,765,000 after purchasing an additional 10,239 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in Citigroup by 15.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 2,738,454 shares of the company’s stock valued at $173,782,000 after purchasing an additional 365,140 shares in the last quarter. Finally, King Luther Capital Management Corp increased its position in Citigroup by 46.0% during the 2nd quarter. King Luther Capital Management Corp now owns 110,442 shares of the company’s stock worth $7,009,000 after purchasing an additional 34,809 shares during the period. 71.72% of the stock is owned by institutional investors and hedge funds.

Citigroup Trading Up 2.0 %

Shares of C opened at $80.05 on Friday. The stock’s fifty day simple moving average is $71.22 and its 200 day simple moving average is $65.52. Citigroup Inc. has a twelve month low of $50.51 and a twelve month high of $80.45. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.55. The firm has a market capitalization of $151.40 billion, a P/E ratio of 23.20, a price-to-earnings-growth ratio of 0.59 and a beta of 1.43.

Citigroup (NYSE:C) last released its quarterly earnings data on Wednesday, January 15th. The company reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.12. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The business had revenue of $19.58 billion for the quarter, compared to analyst estimates of $19.51 billion. During the same period in the previous year, the company posted $0.84 EPS. The company’s revenue was up 12.3% compared to the same quarter last year. On average, equities research analysts forecast that Citigroup Inc. will post 5.88 earnings per share for the current year.

Citigroup declared that its Board of Directors has approved a share repurchase plan on Wednesday, January 15th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the company to reacquire up to 13.5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its stock is undervalued.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 3rd will be issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date is Monday, February 3rd. Citigroup’s dividend payout ratio is presently 64.93%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on C. The Goldman Sachs Group lifted their price target on Citigroup from $77.00 to $86.00 and gave the company a “buy” rating in a research note on Thursday. Oppenheimer lowered their price objective on shares of Citigroup from $110.00 to $102.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Wells Fargo & Company lifted their target price on shares of Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Barclays raised Citigroup from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $70.00 to $95.00 in a research note on Monday, January 6th. Finally, Evercore ISI boosted their price target on Citigroup from $69.00 to $79.00 and gave the stock an “in-line” rating in a report on Thursday. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Citigroup presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.93.

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.