Campbell & CO Investment Adviser LLC Buys New Stake in Citigroup Inc. (NYSE:C)

Campbell & CO Investment Adviser LLC bought a new stake in Citigroup Inc. (NYSE:CFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,040 shares of the company’s stock, valued at approximately $671,000.

Several other large investors have also recently bought and sold shares of C. Van ECK Associates Corp increased its holdings in Citigroup by 9.8% in the third quarter. Van ECK Associates Corp now owns 262,424 shares of the company’s stock valued at $10,794,000 after buying an additional 23,316 shares during the last quarter. Pathstone Family Office LLC grew its holdings in shares of Citigroup by 73.6% during the third quarter. Pathstone Family Office LLC now owns 59,630 shares of the company’s stock worth $2,461,000 after purchasing an additional 25,273 shares during the last quarter. Ausdal Financial Partners Inc. grew its holdings in shares of Citigroup by 1.9% during the third quarter. Ausdal Financial Partners Inc. now owns 14,814 shares of the company’s stock worth $609,000 after purchasing an additional 275 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of Citigroup by 251.1% during the third quarter. Canada Pension Plan Investment Board now owns 2,356,177 shares of the company’s stock worth $96,910,000 after purchasing an additional 1,685,100 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Citigroup by 14.0% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 387,197 shares of the company’s stock worth $15,925,000 after purchasing an additional 47,677 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Price Performance

Shares of NYSE:C opened at $61.78 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50. The company has a market cap of $117.84 billion, a P/E ratio of 18.28, a PEG ratio of 0.93 and a beta of 1.48. Citigroup Inc. has a 52 week low of $38.17 and a 52 week high of $64.98. The company has a 50-day moving average price of $61.94 and a 200 day moving average price of $56.37.

Citigroup (NYSE:CGet Free Report) last posted its quarterly earnings results on Friday, April 12th. The company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.29. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The company had revenue of $21.10 billion during the quarter, compared to the consensus estimate of $20.46 billion. During the same period last year, the firm earned $1.86 EPS. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. Research analysts predict that Citigroup Inc. will post 5.96 earnings per share for the current year.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Monday, May 6th were given a dividend of $0.53 per share. The ex-dividend date was Friday, May 3rd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.43%. Citigroup’s payout ratio is 62.72%.

Analysts Set New Price Targets

Several brokerages have issued reports on C. HSBC raised their price objective on Citigroup from $61.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Oppenheimer dropped their price objective on Citigroup from $87.00 to $86.00 and set an “outperform” rating on the stock in a report on Tuesday, April 30th. StockNews.com upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. Wells Fargo & Company reiterated an “overweight” rating and set a $80.00 target price on shares of Citigroup in a research note on Monday, April 1st. Finally, Jefferies Financial Group increased their target price on shares of Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a research note on Monday, April 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Citigroup presently has an average rating of “Moderate Buy” and an average target price of $63.66.

View Our Latest Stock Analysis on Citigroup

About Citigroup

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Citigroup (NYSE:C)

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