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

Epoch Investment Partners Inc. grew its stake in shares of Citigroup Inc. (NYSE:C) by 14.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,913 shares of the company’s stock after buying an additional 506 shares during the period. Epoch Investment Partners Inc.’s holdings in Citigroup were worth $248,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Frank Rimerman Advisors LLC lifted its stake 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 valued at $786,000 after buying an additional 11,927 shares in the last quarter. Prospector Partners LLC lifted its position in shares of Citigroup by 0.8% in the second quarter. Prospector Partners LLC now owns 264,265 shares of the company’s stock valued at $16,770,000 after acquiring an additional 2,110 shares in the last quarter. ProShare Advisors LLC boosted its stake in shares of 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 position in shares of Citigroup by 4.7% during the second quarter. Legacy Financial Advisors Inc. now owns 4,089 shares of the company’s stock worth $259,000 after purchasing an additional 182 shares in the last quarter. Finally, Ensign Peak Advisors Inc raised its stake 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 currently owned by institutional investors.

Citigroup Trading Down 1.9 %

Shares of C opened at $61.39 on Wednesday. Citigroup Inc. has a twelve month low of $38.17 and a twelve month high of $67.81. 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 company’s fifty day simple moving average is $61.13 and its 200-day simple moving average is $61.59. The company has a market cap of $117.10 billion, a P/E ratio of 17.20, a P/E/G ratio of 0.62 and a beta of 1.45.

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

Citigroup Increases Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend was Monday, August 5th. This represents a $2.24 dividend on an annualized basis and a yield of 3.65%. This is a boost from Citigroup’s previous quarterly dividend of $0.53. Citigroup’s payout ratio is presently 62.75%.

Analyst Ratings Changes

C has been the subject of a number of research analyst reports. The Goldman Sachs Group cut their price objective on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. Oppenheimer lifted their price target on shares of Citigroup from $85.00 to $86.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Evercore ISI increased their price objective on shares of Citigroup from $60.00 to $62.00 and gave the company an “in-line” rating in a report on Wednesday, July 3rd. Argus lifted their target price on Citigroup from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Finally, Keefe, Bruyette & Woods boosted their target price on Citigroup from $66.00 to $69.00 and gave the stock a “market perform” rating in a research report on Thursday, June 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Citigroup currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.25.

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.