Epoch Investment Partners Inc. Increases Holdings in Citigroup Inc. (NYSE:C)

Epoch Investment Partners Inc. boosted its position in shares of Citigroup Inc. (NYSE:C) by 14.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,913 shares of the company’s stock after purchasing an additional 506 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Citigroup were worth $248,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of C. Frank Rimerman Advisors LLC grew its position in shares of Citigroup by 2,621.3% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 12,382 shares of the company’s stock worth $786,000 after buying an additional 11,927 shares in the last quarter. Prospector Partners LLC lifted its stake in Citigroup by 0.8% in the second quarter. Prospector Partners LLC now owns 264,265 shares of the company’s stock worth $16,770,000 after acquiring an additional 2,110 shares during the period. ProShare Advisors LLC lifted its stake in Citigroup by 5.1% in the second quarter. ProShare Advisors LLC now owns 387,318 shares of the company’s stock worth $24,579,000 after acquiring an additional 18,669 shares during the period. Legacy Financial Advisors Inc. grew its holdings in Citigroup by 4.7% during the 2nd quarter. Legacy Financial Advisors Inc. now owns 4,089 shares of the company’s stock worth $259,000 after acquiring an additional 182 shares in the last quarter. Finally, Ensign Peak Advisors Inc increased its position in Citigroup by 0.3% during the 2nd quarter. Ensign Peak Advisors Inc now owns 1,476,963 shares of the company’s stock valued at $93,728,000 after purchasing an additional 4,319 shares during the period. 71.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on C. Argus upped their price target on shares of Citigroup from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. BMO Capital Markets upped their target price on Citigroup from $63.00 to $65.00 and gave the stock a “market perform” rating in a report on Thursday, July 11th. Royal Bank of Canada lifted their price target on Citigroup from $63.00 to $66.00 and gave the company an “outperform” rating in a report on Monday, June 17th. The Goldman Sachs Group decreased their price objective on Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. Finally, Keefe, Bruyette & Woods raised their price objective on Citigroup from $66.00 to $69.00 and gave the company a “market perform” rating in a research report on Thursday, June 20th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Citigroup has an average rating of “Moderate Buy” and an average target price of $68.25.

Citigroup Trading Down 1.9 %

Shares of Citigroup stock opened at $61.39 on Wednesday. Citigroup Inc. has a 12-month low of $38.17 and a 12-month high of $67.81. The firm’s 50 day simple moving average is $61.13 and its two-hundred day simple moving average is $61.59. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.47. The firm has a market capitalization of $117.10 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 0.62 and a beta of 1.45.

Citigroup (NYSE:C) last issued its earnings results on Friday, July 12th. The company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.13. The company had revenue of $20.14 billion during the quarter, compared to analyst estimates of $20.07 billion. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the business posted $1.37 EPS. Analysts predict that Citigroup Inc. will post 5.81 EPS for the current year.

Citigroup Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 5th were issued a dividend of $0.56 per share. This is an increase from Citigroup’s previous quarterly dividend of $0.53. The ex-dividend date was Monday, August 5th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.65%. Citigroup’s payout ratio is 62.75%.

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.