Neville Rodie & Shaw Inc. Buys New Holdings in Citigroup Inc. (NYSE:C)

Neville Rodie & Shaw Inc. purchased a new position in shares of Citigroup Inc. (NYSE:C) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,896 shares of the company’s stock, valued at approximately $274,000.

A number of other large investors also recently modified their holdings of the company. Franklin Resources Inc. lifted its holdings in shares of Citigroup by 18.5% during the 3rd quarter. Franklin Resources Inc. now owns 30,027,213 shares of the company’s stock valued at $1,998,976,000 after acquiring an additional 4,680,713 shares in the last quarter. Caxton Associates LP raised its position in Citigroup by 96.1% in the second quarter. Caxton Associates LP now owns 3,952,428 shares of the company’s stock valued at $250,821,000 after purchasing an additional 1,937,038 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of Citigroup by 70.0% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,531,827 shares of the company’s stock worth $283,692,000 after purchasing an additional 1,865,628 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of Citigroup by 32.2% in the fourth quarter. Nordea Investment Management AB now owns 7,115,440 shares of the company’s stock worth $501,994,000 after buying an additional 1,731,527 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC grew its stake in shares of Citigroup by 9.8% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 15,676,463 shares of the company’s stock valued at $981,347,000 after buying an additional 1,404,120 shares in the last quarter. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on C shares. Evercore ISI boosted their price target on Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 16th. Oppenheimer decreased their target price on shares of Citigroup from $110.00 to $102.00 and set an “outperform” rating for the company in a research note on Friday. The Goldman Sachs Group raised their price target on shares of Citigroup from $72.00 to $81.00 and gave the company a “buy” rating in a report on Friday, December 6th. Piper Sandler boosted their price objective on shares of Citigroup from $73.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Finally, Bank of America raised their target price on Citigroup from $78.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Citigroup presently has an average rating of “Moderate Buy” and an average target price of $79.43.

Citigroup Stock Performance

C stock opened at $72.74 on Tuesday. The stock’s 50 day simple moving average is $69.50 and its 200 day simple moving average is $64.74. Citigroup Inc. has a 12-month low of $50.51 and a 12-month high of $73.99. The firm has a market cap of $137.57 billion, a P/E ratio of 21.08, a P/E/G ratio of 0.80 and a beta of 1.43. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.55.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.20. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The company had revenue of $20.32 billion for the quarter, compared to analysts’ expectations of $19.86 billion. During the same period in the prior year, the company earned $1.52 earnings per share. The firm’s revenue was up .9% compared to the same quarter last year. As a group, equities research analysts predict that Citigroup Inc. will post 5.86 EPS for the current year.

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were paid a $0.56 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.24 dividend on an annualized basis and a yield of 3.08%. Citigroup’s payout ratio is currently 64.93%.

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.