Dividend Asset Capital raised its stake in shares of Citigroup Inc. (NYSE:C) by 6.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,800 shares of the financial services provider’s stock after buying an additional 525 shares during the period. Dividend Asset Capital’s holdings in Citigroup were worth $455,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Jennison Associates raised its stake in Citigroup by 186.6% in the third quarter. Jennison Associates now owns 9,148,562 shares of the financial services provider’s stock worth $453,860,000 after buying an additional 5,956,725 shares during the period. Verde Servico Internacionais purchased a new stake in Citigroup during the fourth quarter worth $101,466,000. Eagle Asset Management raised its stake in Citigroup by 89.8% in the third quarter. Eagle Asset Management now owns 2,350,778 shares of the financial services provider’s stock worth $116,622,000 after buying an additional 1,112,224 shares during the period. River & Mercantile Asset Management purchased a new stake in Citigroup during the fourth quarter worth $21,706,000. Finally, Trinity Street Asset Management raised its stake in Citigroup by 48.8% in the fourth quarter. Trinity Street Asset Management now owns 1,094,526 shares of the financial services provider’s stock worth $56,642,000 after buying an additional 359,038 shares during the period.

Shares of Citigroup Inc. (NYSE:C) traded down 0.10% during mid-day trading on Thursday, hitting $40.47. 17,945,763 shares of the stock were exchanged. The stock’s 50 day moving average is $48.29 and its 200-day moving average is $52.66. Citigroup Inc. has a 12 month low of $39.44 and a 12 month high of $60.95. The stock has a market cap of $119.52 billion and a PE ratio of 7.49.

Citigroup (NYSE:C) last issued its earnings results on Thursday, January 21st. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.01. During the same period in the prior year, the company earned $0.06 earnings per share. The company had revenue of $18.50 billion for the quarter. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, analysts anticipate that Citigroup Inc. will post $5.40 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 26th. Investors of record on Monday, February 1st will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, January 28th. This represents a $0.20 annualized dividend and a dividend yield of 0.49%.

A number of research firms have commented on C. Deutsche Bank reissued a “hold” rating and issued a $47.00 price target (down previously from $57.00) on shares of Citigroup in a research note on Sunday. Vetr cut shares of Citigroup from a “strong-buy” rating to a “buy” rating and set a $58.00 price objective for the company. in a research note on Monday, October 26th. Goldman Sachs cut their price objective on shares of Citigroup from $58.00 to $54.00 and set a “buy” rating for the company in a research note on Tuesday, January 19th. Sanford C. Bernstein cut their price objective on shares of Citigroup from $63.00 to $57.00 in a research note on Tuesday, January 19th. Finally, Morgan Stanley cut shares of Citigroup from an “overweight” rating to an “equal weight” rating and set a $67.00 price objective for the company. in a research note on Monday, October 26th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Citigroup has an average rating of “Buy” and an average price target of $60.63.

In other news, CEO Michael Corbat acquired 25,000 shares of the firm’s stock in a transaction that occurred on Friday, January 22nd. The stock was purchased at an average cost of $41.05 per share, for a total transaction of $1,026,250.00. Following the completion of the acquisition, the chief executive officer now directly owns 380,765 shares of the company’s stock, valued at approximately $15,630,403.25. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Citigroup Inc. (NYSE:C) is a financial services holding company, whose businesses provide consumers, corporations, governments and institutions with financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services, and wealth management. The Company operates through two primary business segments: Citicorp and Citi Holdings. Citicorp consists of the operating businesses: Global Consumer Banking, which consists of consumer banking in North America, EMEA, Latin America and Asia, and Institutional Clients Group, which includes Banking and Markets and securities services. Citi Holdings contains businesses and portfolios of assets that Citi has determined are not central to its core Citicorp businesses. Citi’s consumer operations, as well as the consumer finance business in Korea and certain businesses in ICG form part of Citi Holdings.

12 Month Chart for NYSE:C

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