Public Sector Pension Investment Board Purchases 215,500 Shares of Citigroup Inc. (NYSE:C)

Public Sector Pension Investment Board increased its holdings in Citigroup Inc. (NYSE:C) by 33.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 851,929 shares of the company’s stock after acquiring an additional 215,500 shares during the quarter. Public Sector Pension Investment Board’s holdings in Citigroup were worth $53,331,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in C. Bank of New York Mellon Corp boosted its position in shares of Citigroup by 0.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 30,007,284 shares of the company’s stock valued at $1,904,262,000 after acquiring an additional 250,716 shares during the last quarter. Fisher Asset Management LLC raised its stake in Citigroup by 3.2% in the third quarter. Fisher Asset Management LLC now owns 28,970,357 shares of the company’s stock valued at $1,813,544,000 after purchasing an additional 911,694 shares in the last quarter. Legal & General Group Plc lifted its position in Citigroup by 5.5% during the second quarter. Legal & General Group Plc now owns 17,428,251 shares of the company’s stock valued at $1,105,999,000 after purchasing an additional 913,231 shares during the last quarter. Greenhaven Associates Inc. grew its stake in Citigroup by 1.5% in the 3rd quarter. Greenhaven Associates Inc. now owns 16,883,391 shares of the company’s stock worth $1,056,900,000 after buying an additional 242,545 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Citigroup by 1.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,300,447 shares of the company’s stock worth $590,106,000 after buying an additional 168,070 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Citigroup Price Performance

NYSE C opened at $70.16 on Thursday. Citigroup Inc. has a one year low of $44.56 and a one year high of $71.19. The stock has a 50-day moving average of $64.98 and a 200 day moving average of $62.99. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market capitalization of $132.69 billion, a price-to-earnings ratio of 20.34, a PEG ratio of 0.79 and a beta of 1.44.

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 the consensus estimate of $1.31 by $0.20. The firm had revenue of $20.32 billion during the quarter, compared to analysts’ expectations of $19.86 billion. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The firm’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the previous year, the company earned $1.52 earnings per share. On average, sell-side analysts forecast that Citigroup Inc. will post 5.85 EPS for the current year.

Citigroup Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were issued a dividend of $0.56 per share. The ex-dividend date was Monday, November 4th. This represents a $2.24 annualized dividend and a dividend yield of 3.19%. Citigroup’s payout ratio is 64.93%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on C shares. Morgan Stanley cut their target price on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. The Goldman Sachs Group reduced their price objective on Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Bank of America boosted their target price on Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Barclays increased their price target on shares of Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Finally, Oppenheimer boosted their price objective on shares of Citigroup from $91.00 to $107.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. One 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. According to data from MarketBeat.com, Citigroup has a consensus rating of “Moderate Buy” and an average price target of $73.00.

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.