Donald Smith & CO. Inc. Increases Stock Position in Citigroup Inc. (NYSE:C)

Donald Smith & CO. Inc. raised its holdings in Citigroup Inc. (NYSE:C - Free Report) by 0.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,278,620 shares of the company's stock after acquiring an additional 10,326 shares during the quarter. Citigroup accounts for about 1.9% of Donald Smith & CO. Inc.'s holdings, making the stock its 23rd biggest position. Donald Smith & CO. Inc. owned about 0.07% of Citigroup worth $80,042,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. POM Investment Strategies LLC purchased a new position in shares of Citigroup in the second quarter valued at $25,000. Northwest Investment Counselors LLC purchased a new position in Citigroup during the 3rd quarter valued at about $28,000. Beacon Capital Management LLC raised its position in Citigroup by 85.5% during the first quarter. Beacon Capital Management LLC now owns 460 shares of the company's stock worth $29,000 after acquiring an additional 212 shares during the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in Citigroup during the second quarter worth about $31,000. Finally, Triad Wealth Partners LLC purchased a new stake in shares of Citigroup in the second quarter valued at about $32,000. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

C has been the subject of a number of recent research reports. The Goldman Sachs Group dropped their price objective on shares of Citigroup from $75.00 to $71.00 and set a "buy" rating for the company in a research note on Wednesday, September 11th. Barclays raised their price target on Citigroup from $63.00 to $70.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 16th. Oppenheimer decreased their price objective on Citigroup from $92.00 to $91.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 16th. BMO Capital Markets boosted their target price on shares of Citigroup from $63.00 to $65.00 and gave the company a "market perform" rating in a research note on Thursday, July 11th. Finally, Argus raised their price target on shares of Citigroup from $70.00 to $72.00 and gave the stock a "buy" rating in a research note on Monday, July 15th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $71.06.

Citigroup Trading Down 0.3 %

C stock traded down $0.18 during trading on Wednesday, reaching $64.51. 11,716,216 shares of the stock traded hands, compared to its average volume of 14,357,248. The business's 50 day moving average price is $61.79 and its 200-day moving average price is $62.03. The firm has a market capitalization of $123.07 billion, a PE ratio of 18.81, a P/E/G ratio of 0.74 and a beta of 1.44. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.94 and a quick ratio of 0.94. Citigroup Inc. has a 52-week low of $38.92 and a 52-week high of $67.81.

Citigroup (NYSE:C - Get Free Report) last announced its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, beating analysts' consensus estimates of $1.31 by $0.20. Citigroup had a net margin of 4.95% and a return on equity of 6.26%. The firm had revenue of $20.32 billion for the quarter, compared to analysts' expectations of $19.86 billion. During the same period in the previous year, the company posted $1.52 earnings per share. Citigroup's revenue was up .9% compared to the same quarter last year. As a group, sell-side analysts forecast that Citigroup Inc. will post 5.76 earnings per share for the current year.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Tuesday, November 5th will be issued a $0.56 dividend. The ex-dividend date is Monday, November 4th. This represents a $2.24 annualized dividend and a yield of 3.47%. Citigroup's dividend payout ratio is currently 64.93%.

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.