Loomis Sayles & Co. L P Acquires 5,816 Shares of Citigroup Inc. (NYSE:C)

Loomis Sayles & Co. L P lifted its holdings in Citigroup Inc. (NYSE:C) by 94.8% in the third quarter, Holdings Channel reports. The fund owned 11,954 shares of the company’s stock after purchasing an additional 5,816 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Citigroup were worth $748,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in C. Beacon Capital Management LLC lifted its stake in Citigroup by 85.5% in the first quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock worth $29,000 after purchasing an additional 212 shares during the last quarter. LRI Investments LLC bought a new stake in Citigroup during the 1st quarter valued at $124,000. PGGM Investments boosted its position in Citigroup by 51.2% during the 1st quarter. PGGM Investments now owns 263,873 shares of the company’s stock valued at $16,687,000 after acquiring an additional 89,329 shares in the last quarter. Cetera Investment Advisers boosted its position in Citigroup by 120.6% during the 1st quarter. Cetera Investment Advisers now owns 469,152 shares of the company’s stock valued at $29,669,000 after acquiring an additional 256,527 shares in the last quarter. Finally, Cetera Advisors LLC boosted its position in Citigroup by 219.4% during the 1st quarter. Cetera Advisors LLC now owns 237,663 shares of the company’s stock valued at $15,030,000 after acquiring an additional 163,247 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Performance

NYSE C opened at $70.16 on Thursday. The stock has a 50-day simple moving average of $64.98 and a two-hundred day simple moving average of $62.99. The firm has a market capitalization of $132.69 billion, a P/E ratio of 20.34, a PEG ratio of 0.79 and a beta of 1.44. Citigroup Inc. has a fifty-two week low of $44.56 and a fifty-two week high of $71.19. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.96 and a current ratio of 0.96.

Citigroup (NYSE:C) last released 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 business 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 company’s revenue was up .9% on a year-over-year basis. During the same quarter last year, the business posted $1.52 EPS. On average, equities analysts forecast that Citigroup Inc. will post 5.85 earnings per share for the current year.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were paid a dividend of $0.56 per share. 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 3.19%. Citigroup’s payout ratio is currently 64.93%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Barclays raised their price objective on Citigroup from $63.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Bank of America raised their price objective on Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. The Goldman Sachs Group lowered their price objective on Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Evercore ISI raised their price objective on Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 16th. Finally, Wells Fargo & Company raised their price objective on Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Citigroup currently has a consensus rating of “Moderate Buy” and an average price target of $73.00.

Citigroup 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.