Artisan Partners Limited Partnership Has $795.11 Million Holdings in Citigroup Inc. (NYSE:C)

Artisan Partners Limited Partnership grew its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 0.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,295,763 shares of the company's stock after acquiring an additional 10,736 shares during the quarter. Citigroup comprises about 1.2% of Artisan Partners Limited Partnership's holdings, making the stock its 19th largest position. Artisan Partners Limited Partnership owned 0.60% of Citigroup worth $795,109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the stock. Geode Capital Management LLC grew its holdings in shares of Citigroup by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 39,919,798 shares of the company's stock worth $2,492,238,000 after purchasing an additional 791,758 shares during the period. Franklin Resources Inc. grew its stake in Citigroup by 18.5% during the third quarter. Franklin Resources Inc. now owns 30,027,213 shares of the company's stock worth $1,998,976,000 after buying an additional 4,680,713 shares during the period. Fisher Asset Management LLC increased its position in shares of Citigroup by 3.6% in the fourth quarter. Fisher Asset Management LLC now owns 30,014,183 shares of the company's stock worth $2,112,698,000 after acquiring an additional 1,043,826 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in shares of Citigroup by 9.8% in 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. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Citigroup by 2.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,703,215 shares of the company's stock valued at $670,021,000 after acquiring an additional 240,628 shares in the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

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Citigroup Stock Performance

Shares of NYSE:C traded down $0.43 during trading on Monday, hitting $69.90. 4,346,629 shares of the company traded hands, compared to its average volume of 15,746,669. Citigroup Inc. has a one year low of $53.51 and a one year high of $84.74. The stock has a market capitalization of $131.56 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 0.64 and a beta of 1.43. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.50. The business's fifty day moving average is $77.06 and its 200-day moving average is $70.81.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings data on Wednesday, January 15th. The company reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.12. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. The firm had revenue of $19.58 billion for the quarter, compared to the consensus estimate of $19.51 billion. During the same period last year, the firm posted $0.84 EPS. Citigroup's quarterly revenue was up 12.3% compared to the same quarter last year. As a group, equities analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 3rd were paid a $0.56 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.24 annualized dividend and a dividend yield of 3.20%. Citigroup's payout ratio is 37.65%.

Citigroup declared that its Board of Directors has authorized a share buyback program on Wednesday, January 15th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 13.5% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's management believes its stock is undervalued.

Analyst Ratings Changes

C has been the topic of a number of recent research reports. Morgan Stanley reduced their price objective on Citigroup from $110.00 to $109.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Barclays raised Citigroup from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $70.00 to $95.00 in a research report on Monday, January 6th. Bank of America increased their price objective on shares of Citigroup from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Tuesday, January 7th. StockNews.com downgraded shares of Citigroup from a "buy" rating to a "hold" rating in a research note on Sunday. Finally, The Goldman Sachs Group dropped their price target on shares of Citigroup from $90.00 to $80.00 and set a "buy" rating on the stock in a research note on Wednesday, March 19th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $84.50.

Insider Transactions at Citigroup

In related news, COO Anand Selvakesari sold 30,000 shares of Citigroup stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $81.10, for a total transaction of $2,433,000.00. Following the transaction, the chief operating officer now directly owns 229,180 shares of the company's stock, valued at $18,586,498. The trade was a 11.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mark Mason sold 58,465 shares of the company's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $83.21, for a total transaction of $4,864,872.65. Following the completion of the sale, the chief financial officer now directly owns 217,331 shares of the company's stock, valued at $18,084,112.51. The trade was a 21.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 103,590 shares of company stock valued at $8,523,149. 0.08% of the stock is currently owned by corporate insiders.

Citigroup 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.