Asset Allocation Strategies LLC Invests $207,000 in Citigroup Inc. (NYSE:C)

Asset Allocation Strategies LLC bought a new stake in Citigroup Inc. (NYSE:C) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 4,032 shares of the company’s stock, valued at approximately $207,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Fisher Asset Management LLC boosted its holdings in shares of Citigroup by 8.0% in the 4th quarter. Fisher Asset Management LLC now owns 24,751,813 shares of the company’s stock valued at $1,273,233,000 after buying an additional 1,832,819 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Citigroup by 1.2% in the 3rd quarter. Northern Trust Corp now owns 20,051,311 shares of the company’s stock valued at $824,710,000 after purchasing an additional 232,652 shares during the last quarter. Norges Bank acquired a new stake in shares of Citigroup in the 4th quarter valued at about $867,599,000. Pzena Investment Management LLC increased its position in Citigroup by 1.3% during the fourth quarter. Pzena Investment Management LLC now owns 16,850,636 shares of the company’s stock worth $866,797,000 after buying an additional 223,206 shares during the period. Finally, Greenhaven Associates Inc. lifted its stake in Citigroup by 22.4% in the fourth quarter. Greenhaven Associates Inc. now owns 16,113,305 shares of the company’s stock valued at $828,868,000 after buying an additional 2,948,512 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Price Performance

Shares of NYSE:C opened at $61.78 on Monday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.95 and a current ratio of 0.95. The business’s fifty day moving average price is $61.94 and its two-hundred day moving average price is $56.52. The stock has a market cap of $117.84 billion, a PE ratio of 18.28, a price-to-earnings-growth ratio of 0.93 and a beta of 1.48. Citigroup Inc. has a one year low of $38.17 and a one year high of $64.98.

Citigroup (NYSE:C) last posted its quarterly earnings data on Friday, April 12th. The company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.29. The firm had revenue of $21.10 billion during the quarter, compared to analysts’ expectations of $20.46 billion. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.86 EPS. On average, analysts forecast that Citigroup Inc. will post 5.96 EPS for the current fiscal year.

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Monday, May 6th were given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 3.43%. The ex-dividend date was Friday, May 3rd. Citigroup’s dividend payout ratio (DPR) is 62.72%.

Analyst Ratings Changes

Several analysts recently commented on C shares. StockNews.com upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a research report on Tuesday, March 19th. Oppenheimer lowered their target price on Citigroup from $87.00 to $86.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 30th. HSBC upped their price target on Citigroup from $61.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Evercore ISI boosted their price objective on shares of Citigroup from $58.00 to $60.00 and gave the company an “in-line” rating in a research note on Thursday, April 4th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Citigroup from $54.00 to $66.00 and gave the stock a “market perform” rating in a research note on Friday, April 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Citigroup currently has an average rating of “Moderate Buy” and an average target price of $63.66.

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.