Citigroup Inc. (NYSE:C) Shares Acquired by Simon Quick Advisors LLC

Simon Quick Advisors LLC boosted its stake in Citigroup Inc. (NYSE:C) by 33.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,188 shares of the company’s stock after acquiring an additional 2,049 shares during the period. Simon Quick Advisors LLC’s holdings in Citigroup were worth $576,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Epoch Investment Partners Inc. increased its holdings in shares of Citigroup by 14.9% in the second quarter. Epoch Investment Partners Inc. now owns 3,913 shares of the company’s stock valued at $248,000 after purchasing an additional 506 shares during the period. Evergreen Capital Management LLC grew its position in Citigroup by 8.9% in the 2nd quarter. Evergreen Capital Management LLC now owns 15,613 shares of the company’s stock valued at $991,000 after buying an additional 1,281 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Citigroup by 60.9% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 366,870 shares of the company’s stock valued at $23,282,000 after buying an additional 138,888 shares during the period. Point72 Europe London LLP increased its stake in Citigroup by 24.6% in the 2nd quarter. Point72 Europe London LLP now owns 94,800 shares of the company’s stock valued at $6,016,000 after buying an additional 18,700 shares during the period. Finally, ELCO Management Co. LLC purchased a new position in Citigroup during the second quarter worth about $244,000. 71.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on C. Morgan Stanley increased their price objective on Citigroup from $104.00 to $109.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Evercore ISI lifted their target price on shares of Citigroup from $69.00 to $79.00 and gave the stock an “in-line” rating in a research report on Thursday, January 16th. Barclays upgraded Citigroup from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $70.00 to $95.00 in a research report on Monday, January 6th. Bank of America raised their target price on shares of Citigroup from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Finally, The Goldman Sachs Group raised their price target on Citigroup from $77.00 to $86.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, Citigroup currently has a consensus rating of “Moderate Buy” and an average target price of $83.93.

Citigroup Stock Performance

NYSE:C opened at $81.68 on Thursday. The firm’s fifty day simple moving average is $71.94 and its 200 day simple moving average is $65.88. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.50. Citigroup Inc. has a twelve month low of $52.24 and a twelve month high of $82.28. The firm has a market capitalization of $154.49 billion, a price-to-earnings ratio of 13.73, a PEG ratio of 0.64 and a beta of 1.43.

Citigroup (NYSE:C) last issued its quarterly earnings data on Wednesday, January 15th. The company reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.12. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. The company had revenue of $19.58 billion for the quarter, compared to analysts’ expectations of $19.51 billion. During the same quarter in the previous year, the firm posted $0.84 earnings per share. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. As a group, equities research analysts expect that Citigroup Inc. will post 7.49 earnings per share for the current fiscal year.

Citigroup announced that its board has authorized a share buyback plan on Wednesday, January 15th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the company to repurchase up to 13.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 3rd will be issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date is Monday, February 3rd. Citigroup’s dividend payout ratio is presently 37.65%.

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.