Citigroup Inc (C) Shares Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue boosted its position in Citigroup Inc (NYSE:C) by 1,044.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 230,536 shares of the financial services provider’s stock after acquiring an additional 210,398 shares during the quarter. State of Alaska Department of Revenue’s holdings in Citigroup were worth $17,151,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in C. Janus Henderson Group PLC increased its stake in Citigroup by 227.4% in the third quarter. Janus Henderson Group PLC now owns 9,629,422 shares of the financial services provider’s stock valued at $700,395,000 after acquiring an additional 6,688,305 shares during the last quarter. Lazard Asset Management LLC increased its stake in Citigroup by 109.5% in the second quarter. Lazard Asset Management LLC now owns 9,292,727 shares of the financial services provider’s stock valued at $621,497,000 after acquiring an additional 4,856,866 shares during the last quarter. PointState Capital LP purchased a new stake in Citigroup during the second quarter valued at about $321,322,000. The Manufacturers Life Insurance Company boosted its position in Citigroup by 42.4% during the second quarter. The Manufacturers Life Insurance Company now owns 14,815,133 shares of the financial services provider’s stock valued at $990,836,000 after buying an additional 4,413,329 shares during the period. Finally, FMR LLC boosted its position in Citigroup by 3.8% during the second quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock valued at $7,343,721,000 after buying an additional 4,061,637 shares during the period. 80.94% of the stock is currently owned by institutional investors and hedge funds.

Shares of Citigroup Inc (C) opened at $74.82 on Wednesday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $188,303.88, a PE ratio of -24.14, a PEG ratio of 1.37 and a beta of 1.54. Citigroup Inc has a 1-year low of $56.14 and a 1-year high of $80.70.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.09. The company 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 7.60%. Citigroup’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.14 earnings per share. research analysts predict that Citigroup Inc will post 6.4 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Monday, February 5th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.71%. Citigroup’s dividend payout ratio is currently -41.29%.

Several analysts have issued reports on the stock. Vetr lowered shares of Citigroup from a “sell” rating to a “strong sell” rating and set a $61.20 price target for the company. in a research report on Monday. Morgan Stanley upped their price target on shares of Citigroup from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded shares of Citigroup from a “hold” rating to a “buy” rating and set a $89.00 price target for the company in a research report on Friday, February 2nd. Deutsche Bank set a $74.00 price target on shares of Citigroup and gave the company a “neutral” rating in a research report on Wednesday, January 17th. Finally, Jefferies Group restated a “hold” rating and set a $83.00 price target on shares of Citigroup in a research report on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Citigroup currently has a consensus rating of “Buy” and an average price target of $79.44.

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Citigroup 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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