Loomis Sayles & Co. L P Grows Stock Holdings in Citigroup Inc. (NYSE:C)

Loomis Sayles & Co. L P increased its stake in shares of Citigroup Inc. (NYSE:C) by 94.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,954 shares of the company’s stock after purchasing an additional 5,816 shares during the period. Loomis Sayles & Co. L P’s holdings in Citigroup were worth $748,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. grew its position in Citigroup by 13.3% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 73,317 shares of the company’s stock valued at $4,653,000 after buying an additional 8,593 shares during the period. BDF Gestion bought a new stake in shares of Citigroup during the 2nd quarter valued at $3,861,000. KBC Group NV grew its position in shares of Citigroup by 1.8% during the 3rd quarter. KBC Group NV now owns 1,138,511 shares of the company’s stock valued at $71,270,000 after acquiring an additional 20,291 shares during the period. Crossmark Global Holdings Inc. raised its holdings in Citigroup by 4.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 394,738 shares of the company’s stock worth $24,710,000 after purchasing an additional 18,278 shares during the period. Finally, Summit Global Investments lifted its position in Citigroup by 289.5% during the third quarter. Summit Global Investments now owns 30,640 shares of the company’s stock valued at $1,918,000 after purchasing an additional 22,774 shares in the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Trading Up 0.6 %

Shares of Citigroup stock opened at $70.16 on Thursday. The firm has a market cap of $132.69 billion, a price-to-earnings ratio of 20.34, a PEG ratio of 0.79 and a beta of 1.44. The business has a 50-day moving average price of $64.98 and a 200-day moving average price of $62.99. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.55. Citigroup Inc. has a twelve month low of $44.56 and a twelve month high of $71.19.

Citigroup (NYSE:C) last issued its quarterly earnings data 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. The firm had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.86 billion. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The business’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter last year, the business posted $1.52 earnings per share. Equities research analysts anticipate that Citigroup Inc. will post 5.85 EPS for the current fiscal year.

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend was Monday, November 4th. Citigroup’s payout ratio is 64.93%.

Analysts Set New Price Targets

A number of brokerages have commented on C. Wells Fargo & Company upped their price target on Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Barclays raised their target price on shares of Citigroup from $63.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Oppenheimer upped their price target on shares of Citigroup from $91.00 to $107.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Bank of America increased their price objective on shares of Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, The Goldman Sachs Group dropped their target price on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Citigroup currently has an average rating of “Moderate Buy” and an average target price of $73.00.

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.