Impax Asset Management Group plc Sells 3,157 Shares of Citigroup Inc. (NYSE:C)

Impax Asset Management Group plc trimmed its holdings in Citigroup Inc. (NYSE:C) by 2.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 155,035 shares of the company’s stock after selling 3,157 shares during the quarter. Impax Asset Management Group plc’s holdings in Citigroup were worth $9,705,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Citigroup by 13.3% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 73,317 shares of the company’s stock worth $4,653,000 after acquiring an additional 8,593 shares in the last quarter. Lazard Asset Management LLC raised its holdings in shares of Citigroup by 13.4% during the 1st quarter. Lazard Asset Management LLC now owns 201,456 shares of the company’s stock worth $12,739,000 after acquiring an additional 23,774 shares in the last quarter. BDF Gestion purchased a new stake in shares of Citigroup during the 2nd quarter worth approximately $3,861,000. Chesley Taft & Associates LLC purchased a new stake in shares of Citigroup during the 2nd quarter worth approximately $735,000. Finally, Summit Global Investments raised its holdings in Citigroup by 289.5% during the 3rd quarter. Summit Global Investments now owns 30,640 shares of the company’s stock valued at $1,918,000 after buying an additional 22,774 shares during the period. 71.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

C has been the topic of several recent research reports. The Goldman Sachs Group decreased their price target on Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Wells Fargo & Company increased their price target on Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a report on Friday. Oppenheimer increased their price target on Citigroup from $91.00 to $107.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Barclays increased their price target on Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Finally, Evercore ISI increased their price target on Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a report on Wednesday, October 16th. One investment 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.00.

Citigroup Price Performance

C opened at $68.76 on Friday. Citigroup Inc. has a 12-month low of $44.32 and a 12-month high of $70.20. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.55. The business’s fifty day simple moving average is $63.21 and its 200-day simple moving average is $62.59. The company has a market capitalization of $130.04 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 0.77 and a beta of 1.44.

Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.20. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The business had revenue of $20.32 billion for the quarter, compared to the consensus estimate of $19.86 billion. During the same quarter in the prior year, the company earned $1.52 EPS. The business’s revenue was up .9% compared to the same quarter last year. On average, equities research analysts anticipate that Citigroup Inc. will post 5.85 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date of this dividend was Monday, November 4th. Citigroup’s payout ratio is currently 64.93%.

Citigroup Company Profile

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.