Natixis Advisors L.P. Grows Holdings in Citigroup Inc. (NYSE:C)

Natixis Advisors L.P. boosted its holdings in shares of Citigroup Inc. (NYSE:C) by 46.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,481,614 shares of the company’s stock after purchasing an additional 469,142 shares during the period. Natixis Advisors L.P.’s holdings in Citigroup were worth $76,213,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Orion Capital Management LLC acquired a new stake in shares of Citigroup during the fourth quarter worth $26,000. Carmel Capital Partners LLC acquired a new stake in shares of Citigroup in the 3rd quarter worth $25,000. Rakuten Securities Inc. purchased a new stake in shares of Citigroup in the fourth quarter valued at about $35,000. AlphaMark Advisors LLC increased its stake in shares of Citigroup by 75.0% during the third quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock worth $29,000 after acquiring an additional 300 shares during the period. Finally, Tennessee Valley Asset Management Partners purchased a new position in Citigroup during the fourth quarter worth about $39,000. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Citigroup in a report on Monday, April 1st. Piper Sandler upped their price objective on Citigroup from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Jefferies Financial Group increased their price objective on Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a research report on Monday, April 8th. HSBC boosted their target price on shares of Citigroup from $61.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Finally, Oppenheimer cut their price target on shares of Citigroup from $87.00 to $86.00 and set an “outperform” rating for the company in a report on Tuesday. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Citigroup presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.85.

Citigroup Price Performance

Shares of C traded down $0.04 during mid-day trading on Friday, reaching $61.50. 11,047,515 shares of the company’s stock were exchanged, compared to its average volume of 16,729,270. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50. Citigroup Inc. has a 52-week low of $38.17 and a 52-week high of $63.90. The company has a market cap of $117.79 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 0.92 and a beta of 1.49. The company has a 50-day simple moving average of $59.59 and a two-hundred day simple moving average of $52.48.

Citigroup (NYSE:C) last announced its earnings results on Friday, April 12th. The company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.29. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The firm had revenue of $21.10 billion for the quarter, compared to analysts’ expectations of $20.46 billion. During the same quarter in the prior year, the firm earned $1.86 EPS. Citigroup’s quarterly revenue was down 1.6% on a year-over-year basis. On average, sell-side analysts predict that Citigroup Inc. will post 5.98 EPS for the current fiscal year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be paid a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 3.45%. The ex-dividend date is Friday, May 3rd. Citigroup’s payout ratio is 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.