Douglas Lane & Associates LLC Has $42.22 Million Stock Position in Citigroup Inc. (NYSE:C)

Douglas Lane & Associates LLC lessened its holdings in Citigroup Inc. (NYSE:C) by 3.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 599,754 shares of the company’s stock after selling 23,505 shares during the quarter. Douglas Lane & Associates LLC’s holdings in Citigroup were worth $42,217,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of C. Franklin Resources Inc. lifted its position in shares of Citigroup by 18.5% in the 3rd quarter. Franklin Resources Inc. now owns 30,027,213 shares of the company’s stock worth $1,998,976,000 after purchasing an additional 4,680,713 shares during the period. Caxton Associates LP grew its holdings in shares of Citigroup by 96.1% during 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 during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in Citigroup by 70.0% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,531,827 shares of the company’s stock worth $283,692,000 after purchasing an additional 1,865,628 shares in the last quarter. Nordea Investment Management AB raised its position in Citigroup by 32.2% in the 4th quarter. Nordea Investment Management AB now owns 7,115,440 shares of the company’s stock valued at $501,994,000 after buying an additional 1,731,527 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its stake 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 in the last quarter. Institutional investors own 71.72% of the company’s stock.

Citigroup Trading Down 0.6 %

Shares of NYSE C traded down $0.43 during mid-day trading on Wednesday, hitting $73.25. The stock had a trading volume of 7,365,611 shares, compared to its average volume of 13,165,104. The firm has a market cap of $138.54 billion, a P/E ratio of 21.23, a price-to-earnings-growth ratio of 0.80 and a beta of 1.43. 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 business has a 50 day moving average price of $69.68 and a two-hundred day moving average price of $64.84. Citigroup Inc. has a 1 year low of $50.51 and a 1 year high of $74.29.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.20. The firm had revenue of $20.32 billion for the quarter, compared to analysts’ expectations of $19.86 billion. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.52 earnings per share. On average, equities analysts anticipate that Citigroup Inc. will post 5.86 EPS for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were given a $0.56 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.06%. Citigroup’s dividend payout ratio is currently 64.93%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on C shares. Evercore ISI upped their price objective on shares of Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 16th. The Goldman Sachs Group raised their price objective on shares of Citigroup from $72.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Truist Financial began coverage on shares of Citigroup in a research report on Tuesday. They set a “buy” rating and a $85.00 target price for the company. Morgan Stanley lowered their price target on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Finally, Bank of America upped their price target on Citigroup from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Citigroup currently has an average rating of “Moderate Buy” and an average price target of $80.13.

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.