Citigroup Inc. (NYSE:C) is Thornburg Investment Management Inc.’s 3rd Largest Position

Thornburg Investment Management Inc. increased its position in shares of Citigroup Inc. (NYSE:C) by 6.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,896,725 shares of the company’s stock after buying an additional 452,840 shares during the quarter. Citigroup comprises approximately 7.3% of Thornburg Investment Management Inc.’s portfolio, making the stock its 3rd largest position. Thornburg Investment Management Inc. owned about 0.42% of Citigroup worth $555,850,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its stake in shares of Citigroup by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 40,587,155 shares of the company’s stock valued at $2,853,484,000 after acquiring an additional 667,357 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Citigroup by 2.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 38,561,690 shares of the company’s stock worth $2,714,359,000 after purchasing an additional 815,003 shares in the last quarter. FMR LLC boosted its position in shares of Citigroup by 29.7% during the fourth quarter. FMR LLC now owns 34,362,176 shares of the company’s stock worth $2,418,754,000 after buying an additional 7,863,718 shares during the period. Franklin Resources Inc. grew its stake in shares of Citigroup by 9.3% in the fourth quarter. Franklin Resources Inc. now owns 32,832,063 shares of the company’s stock valued at $2,311,048,000 after buying an additional 2,804,850 shares in the last quarter. Finally, Capital World Investors raised its holdings in shares of Citigroup by 455.2% in the 4th quarter. Capital World Investors now owns 31,352,582 shares of the company’s stock valued at $2,206,908,000 after buying an additional 25,705,141 shares during the period. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of the stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total transaction of $301,504.42. Following the completion of the sale, the director now directly owns 13,048 shares of the company’s stock, valued at approximately $890,656.48. This trade represents a 25.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.08% of the company’s stock.

Citigroup Trading Down 0.4%

Shares of Citigroup stock opened at $75.66 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.50. The company has a fifty day simple moving average of $68.12 and a 200-day simple moving average of $71.92. The stock has a market cap of $141.31 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 0.64 and a beta of 1.30. Citigroup Inc. has a 12-month low of $53.51 and a 12-month high of $84.74.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.12. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. The company had revenue of $21.60 billion during the quarter, compared to the consensus estimate of $21.34 billion. On average, equities analysts forecast that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Monday, May 5th will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend is Monday, May 5th. Citigroup’s payout ratio is currently 35.39%.

Analyst Ratings Changes

C has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods restated an “outperform” rating and set a $92.00 target price (down from $96.00) on shares of Citigroup in a report on Wednesday, April 16th. TD Cowen assumed coverage on shares of Citigroup in a report on Thursday. They issued a “hold” rating and a $83.00 price objective for the company. Oppenheimer raised their price target on shares of Citigroup from $91.00 to $94.00 and gave the company an “outperform” rating in a research report on Monday, April 28th. Royal Bank of Canada cut their price objective on Citigroup from $85.00 to $78.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 16th. Finally, Morgan Stanley decreased their target price on Citigroup from $110.00 to $109.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Citigroup currently has an average rating of “Moderate Buy” and an average price target of $83.97.

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.