Landscape Capital Management L.L.C. Makes New $479,000 Investment in Citigroup Inc. (NYSE:C)

Landscape Capital Management L.L.C. acquired a new stake in Citigroup Inc. (NYSE:C) in the 3rd quarter, Holdings Channel reports. The fund acquired 7,645 shares of the company’s stock, valued at approximately $479,000.

A number of other institutional investors also recently bought and sold shares of C. Shell Asset Management Co. acquired a new stake in Citigroup during the 1st quarter worth about $415,000. Gamco Investors INC. ET AL increased its holdings in Citigroup by 4.1% in the 1st quarter. Gamco Investors INC. ET AL now owns 55,430 shares of the company’s stock worth $3,505,000 after buying an additional 2,175 shares during the period. Epoch Investment Partners Inc. acquired a new position in Citigroup in the 1st quarter worth approximately $215,000. Lazard Asset Management LLC raised its position in Citigroup by 13.4% during the 1st quarter. Lazard Asset Management LLC now owns 201,456 shares of the company’s stock worth $12,739,000 after buying an additional 23,774 shares during the last quarter. Finally, SVB Wealth LLC boosted its holdings in shares of Citigroup by 8.5% in the 1st quarter. SVB Wealth LLC now owns 35,819 shares of the company’s stock valued at $2,265,000 after acquiring an additional 2,816 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Barclays raised their target price on shares of Citigroup from $63.00 to $70.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Evercore ISI lifted their price objective on Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a research note on Wednesday, October 16th. Oppenheimer upped their target price on Citigroup from $91.00 to $107.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group reduced their price target on Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Finally, Morgan Stanley lowered their price objective on Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $73.00.

Citigroup Price Performance

NYSE:C opened at $69.84 on Friday. The stock has a 50 day moving average of $64.32 and a two-hundred day moving average of $62.85. Citigroup Inc. has a 12 month low of $44.56 and a 12 month high of $70.20. The firm has a market cap of $132.09 billion, a P/E ratio of 20.24, a price-to-earnings-growth ratio of 0.77 and a beta of 1.44. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.55.

Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, topping 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 return on equity of 6.19% and a net margin of 4.70%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the previous year, the business earned $1.52 earnings per share. On average, analysts expect that Citigroup Inc. will post 5.85 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 3.21%. The ex-dividend date of this dividend was Monday, November 4th. Citigroup’s dividend payout ratio is currently 64.93%.

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.