FNY Investment Advisers LLC Increases Stake in Citigroup Inc. (NYSE:C)

FNY Investment Advisers LLC raised its holdings in shares of Citigroup Inc. (NYSE:C) by 7.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,090 shares of the company’s stock after purchasing an additional 300 shares during the quarter. FNY Investment Advisers LLC’s holdings in Citigroup were worth $188,000 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. Snider Financial Group increased its position in shares of Citigroup by 96,645.9% during the first quarter. Snider Financial Group now owns 84,494,926 shares of the company’s stock valued at $4,512,000 after buying an additional 84,407,589 shares during the period. Geode Capital Management LLC lifted its stake in Citigroup by 1.5% in the 1st quarter. Geode Capital Management LLC now owns 35,179,006 shares of the company’s stock worth $1,646,775,000 after purchasing an additional 519,202 shares in the last quarter. Morgan Stanley boosted its holdings in Citigroup by 2.6% in the 4th quarter. Morgan Stanley now owns 25,852,678 shares of the company’s stock valued at $1,169,317,000 after purchasing an additional 666,560 shares during the period. Fisher Asset Management LLC grew its position in shares of Citigroup by 216,016.2% during the 1st quarter. Fisher Asset Management LLC now owns 21,888,245 shares of the company’s stock valued at $1,026,340,000 after purchasing an additional 21,878,117 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Citigroup by 67.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 20,411,429 shares of the company’s stock worth $923,209,000 after purchasing an additional 8,217,942 shares during the period. Institutional investors own 69.26% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. TheStreet cut Citigroup from a “b-” rating to a “c+” rating in a report on Wednesday, August 30th. Oppenheimer decreased their price objective on Citigroup from $88.00 to $85.00 and set an “outperform” rating on the stock in a report on Friday, August 18th. BMO Capital Markets lowered their price target on shares of Citigroup from $64.00 to $62.00 in a report on Monday, July 17th. Wells Fargo & Company dropped their price objective on Citigroup from $60.00 to $55.00 and set an “overweight” rating for the company in a report on Wednesday, August 23rd. Finally, Keefe, Bruyette & Woods reduced their target price on Citigroup from $50.00 to $48.00 in a research note on Thursday, May 25th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $53.00.

Citigroup Stock Down 1.0 %

NYSE:C traded down $0.43 during mid-day trading on Friday, hitting $42.71. 22,983,163 shares of the company’s stock were exchanged, compared to its average volume of 17,499,189. The company has a market cap of $83.15 billion, a PE ratio of 6.77, a P/E/G ratio of 1.66 and a beta of 1.57. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.95 and a quick ratio of 0.95. Citigroup Inc. has a one year low of $40.01 and a one year high of $53.23. The business has a fifty day moving average price of $44.15 and a 200 day moving average price of $45.89.

Citigroup (NYSE:C) last issued its quarterly earnings results on Friday, July 14th. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.02. Citigroup had a return on equity of 6.80% and a net margin of 10.24%. The firm had revenue of $19.44 billion for the quarter, compared to analysts’ expectations of $19.34 billion. During the same period in the previous year, the firm posted $2.30 EPS. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. Equities analysts predict that Citigroup Inc. will post 5.75 EPS for the current year.

Citigroup Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Monday, August 7th were issued a dividend of $0.53 per share. The ex-dividend date of this dividend was Friday, August 4th. This is an increase from Citigroup’s previous quarterly dividend of $0.51. This represents a $2.12 annualized dividend and a dividend yield of 4.96%. Citigroup’s dividend payout ratio (DPR) is presently 33.60%.

Citigroup Company Profile

Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. It operates through three segments: Institutional Clients Group (ICG), Personal Banking and Wealth Management (PBWM), and Legacy Franchises.