Artemis Investment Management LLP Takes $2.37 Million Position in Citigroup Inc. (NYSE:C)

Artemis Investment Management LLP acquired a new stake in Citigroup Inc. (NYSE:C - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 33,678 shares of the company's stock, valued at approximately $2,371,000.

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

Citigroup Trading Up 2.0 %

Shares of C traded up $1.54 during trading hours on Monday, hitting $80.05. The stock had a trading volume of 22,070,430 shares, compared to its average volume of 10,393,282. The company's fifty day simple moving average is $71.22 and its 200 day simple moving average is $65.54. Citigroup Inc. has a 12-month low of $50.51 and a 12-month high of $80.45. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market cap of $151.40 billion, a P/E ratio of 23.20, a P/E/G ratio of 0.59 and a beta of 1.43.

Citigroup (NYSE:C - Get Free Report) last announced its quarterly earnings results on Wednesday, January 15th. The company reported $1.34 earnings per share for the quarter, beating analysts' consensus estimates of $1.22 by $0.12. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The firm had revenue of $19.58 billion for the quarter, compared to analysts' expectations of $19.51 billion. During the same period in the previous year, the company posted $0.84 earnings per share. Citigroup's revenue was up 12.3% compared to the same quarter last year. Equities research analysts forecast that Citigroup Inc. will post 5.88 EPS for the current fiscal year.

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 3rd will be given a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 2.80%. The ex-dividend date is Monday, February 3rd. Citigroup's dividend payout ratio (DPR) is 64.93%.

Citigroup declared that its board has authorized a share repurchase plan on Wednesday, January 15th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the company to purchase up to 13.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on C shares. The Goldman Sachs Group upped their target price on shares of Citigroup from $77.00 to $86.00 and gave the stock a "buy" rating in a research note on Thursday. Evercore ISI boosted their price objective on Citigroup from $69.00 to $79.00 and gave the company an "in-line" rating in a research note on Thursday. Morgan Stanley boosted their price target on Citigroup from $104.00 to $109.00 and gave the company an "overweight" rating in a research report on Thursday. Wells Fargo & Company boosted their price objective on shares of Citigroup from $85.00 to $95.00 and gave the company an "overweight" rating in a research note on Friday, November 15th. Finally, Bank of America lifted their target price on shares of Citigroup from $90.00 to $95.00 and gave the company a "buy" rating in a report on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $83.93.

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.