RWC Asset Management LLP Has $31.46 Million Stock Position in Citigroup Inc. (NYSE:C)

RWC Asset Management LLP increased its stake in Citigroup Inc. (NYSE:C) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 611,630 shares of the company’s stock after purchasing an additional 14,267 shares during the period. Citigroup makes up 1.9% of RWC Asset Management LLP’s holdings, making the stock its 17th biggest holding. RWC Asset Management LLP’s holdings in Citigroup were worth $31,462,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Northern Trust Corp grew its position in Citigroup by 1.2% in the third quarter. Northern Trust Corp now owns 20,051,311 shares of the company’s stock valued at $824,710,000 after acquiring an additional 232,652 shares during the last quarter. Pzena Investment Management LLC boosted its stake in shares of Citigroup by 3.0% during the third quarter. Pzena Investment Management LLC now owns 16,627,430 shares of the company’s stock valued at $683,886,000 after purchasing an additional 486,952 shares in the last quarter. Greenhaven Associates Inc. boosted its stake in shares of Citigroup by 22.4% during the fourth quarter. Greenhaven Associates Inc. now owns 16,113,305 shares of the company’s stock valued at $828,868,000 after purchasing an additional 2,948,512 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Citigroup by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 13,751,201 shares of the company’s stock valued at $565,587,000 after purchasing an additional 192,631 shares in the last quarter. Finally, Sanders Capital LLC boosted its stake in shares of Citigroup by 0.3% during the third quarter. Sanders Capital LLC now owns 11,496,482 shares of the company’s stock valued at $472,850,000 after purchasing an additional 30,501 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on C shares. Keefe, Bruyette & Woods lifted their price target on Citigroup from $54.00 to $66.00 and gave the company a “market perform” rating in a research note on Friday, April 5th. Jefferies Financial Group lifted their price target on Citigroup from $56.00 to $65.00 and gave the company a “hold” rating in a research note on Monday, April 8th. Oppenheimer cut their price target on Citigroup from $88.00 to $87.00 and set an “outperform” rating on the stock in a research note on Monday, April 15th. Societe Generale lowered Citigroup from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. Finally, Evercore ISI boosted their price target on Citigroup from $58.00 to $60.00 and gave the company an “in-line” rating in a research note on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.91.

Citigroup Stock Up 1.4 %

Shares of NYSE C traded up $0.87 during midday trading on Friday, hitting $62.66. 16,364,096 shares of the stock traded hands, compared to its average volume of 14,990,358. The company has a market cap of $120.01 billion, a PE ratio of 18.54, a P/E/G ratio of 0.93 and a beta of 1.52. Citigroup Inc. has a one year low of $38.17 and a one year high of $63.90. The business has a 50 day moving average price of $59.09 and a two-hundred day moving average price of $51.92. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.95 and a current ratio of 0.95.

Citigroup (NYSE:C) last announced its quarterly earnings results on Friday, April 12th. The company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.29. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The business had revenue of $21.10 billion during the quarter, compared to the consensus estimate of $20.46 billion. During the same quarter in the prior year, the company posted $1.86 earnings per share. Citigroup’s revenue was down 1.6% compared to the same quarter last year. On average, equities analysts predict that Citigroup Inc. will post 5.97 EPS for the current year.

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be issued a dividend of $0.53 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $2.12 annualized dividend and a yield of 3.38%. Citigroup’s dividend payout ratio (DPR) is currently 62.72%.

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.