Van Lanschot Kempen Investment Management N.V. Grows Stake in Citigroup Inc. (NYSE:C)

Van Lanschot Kempen Investment Management N.V. boosted its position in Citigroup Inc. (NYSE:C - Free Report) by 1.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,459,686 shares of the company's stock after acquiring an additional 35,197 shares during the quarter. Citigroup accounts for 1.7% of Van Lanschot Kempen Investment Management N.V.'s holdings, making the stock its 13th largest holding. Van Lanschot Kempen Investment Management N.V. owned 0.13% of Citigroup worth $173,137,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in C. Geode Capital Management LLC increased its holdings in shares of Citigroup by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 40,587,155 shares of the company's stock worth $2,853,484,000 after buying an additional 667,357 shares in the last quarter. FMR LLC boosted its stake in shares of Citigroup by 29.7% during the fourth quarter. FMR LLC now owns 34,362,176 shares of the company's stock valued at $2,418,754,000 after purchasing an additional 7,863,718 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Citigroup by 9.3% during the fourth quarter. Franklin Resources Inc. now owns 32,832,063 shares of the company's stock worth $2,311,048,000 after purchasing an additional 2,804,850 shares during the last quarter. Capital World Investors increased its stake in shares of Citigroup by 455.2% in the fourth quarter. Capital World Investors now owns 31,352,582 shares of the company's stock valued at $2,206,908,000 after buying an additional 25,705,141 shares during the period. Finally, Fisher Asset Management LLC raised its holdings in Citigroup by 3.6% in the 4th quarter. Fisher Asset Management LLC now owns 30,014,183 shares of the company's stock valued at $2,112,698,000 after buying an additional 1,043,826 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors.

Insider Transactions at Citigroup

In other Citigroup news, COO Anand Selvakesari sold 30,000 shares of the company's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $81.10, for a total transaction of $2,433,000.00. Following the sale, the chief operating officer now directly owns 229,180 shares of the company's stock, valued at $18,586,498. This represents a 11.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Mark Mason sold 58,465 shares of the firm's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $83.21, for a total transaction of $4,864,872.65. Following the completion of the transaction, the chief financial officer now directly owns 217,331 shares of the company's stock, valued at approximately $18,084,112.51. This trade represents a 21.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 103,590 shares of company stock worth $8,523,149 in the last ninety days. Company insiders own 0.08% of the company's stock.

Citigroup Stock Up 2.9 %

Shares of C stock traded up $1.84 on Wednesday, hitting $66.39. The stock had a trading volume of 17,232,425 shares, compared to its average volume of 14,421,068. Citigroup Inc. has a 12-month low of $53.51 and a 12-month high of $84.74. The stock has a market cap of $124.96 billion, a price-to-earnings ratio of 11.16, a price-to-earnings-growth ratio of 0.64 and a beta of 1.29. The business has a 50 day moving average of $70.40 and a 200 day moving average of $71.01. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.96 and a quick ratio of 0.96.

Citigroup (NYSE:C - Get Free Report) last posted its earnings results on Tuesday, April 15th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.84 by $0.12. The firm had revenue of $21.60 billion for the quarter, compared to analysts' expectations of $21.34 billion. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. As a group, analysts expect that Citigroup Inc. will post 7.53 EPS for the current year.

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

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Monday, May 5th will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 3.37%. The ex-dividend date is Monday, May 5th. Citigroup's dividend payout ratio is presently 35.39%.

Wall Street Analysts Forecast Growth

C has been the topic of several analyst reports. Morgan Stanley reduced their price objective on shares of Citigroup from $110.00 to $109.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. The Goldman Sachs Group lowered their price objective on Citigroup from $90.00 to $80.00 and set a "buy" rating for the company in a research report on Wednesday, March 19th. Evercore ISI reduced their target price on Citigroup from $79.00 to $76.00 and set an "in-line" rating on the stock in a report on Tuesday, April 1st. Keefe, Bruyette & Woods restated an "outperform" rating and issued a $92.00 price target (down previously from $96.00) on shares of Citigroup in a research report on Wednesday, April 16th. Finally, Barclays upgraded shares of Citigroup from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $70.00 to $95.00 in a research report on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, Citigroup has a consensus rating of "Moderate Buy" and an average price target of $84.61.

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.