BI Asset Management Fondsmaeglerselskab A S grew its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 11.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,698 shares of the company's stock after purchasing an additional 13,262 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Citigroup were worth $9,411,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in C. Advisory Resource Group boosted its position in Citigroup by 3.7% during the third quarter. Advisory Resource Group now owns 72,947 shares of the company's stock worth $4,566,000 after purchasing an additional 2,590 shares in the last quarter. Te Ahumairangi Investment Management Ltd lifted its position in shares of Citigroup by 6.7% during the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 202,691 shares of the company's stock valued at $12,617,000 after buying an additional 12,810 shares in the last quarter. Anchor Investment Management LLC lifted its position in shares of Citigroup by 24.4% during the 3rd quarter. Anchor Investment Management LLC now owns 2,557 shares of the company's stock valued at $160,000 after buying an additional 501 shares in the last quarter. World Investment Advisors LLC grew its stake in Citigroup by 36.6% in the 3rd quarter. World Investment Advisors LLC now owns 21,527 shares of the company's stock valued at $1,348,000 after acquiring an additional 5,763 shares during the period. Finally, Wilmington Savings Fund Society FSB increased its holdings in Citigroup by 432.6% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 38,191 shares of the company's stock worth $2,391,000 after acquiring an additional 31,020 shares in the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on C. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $92.00 target price (down previously from $96.00) on shares of Citigroup in a research note on Wednesday, April 16th. JPMorgan Chase & Co. decreased their target price on Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. StockNews.com downgraded Citigroup from a "buy" rating to a "hold" rating in a research note on Sunday, March 30th. Truist Financial dropped their target price on shares of Citigroup from $84.00 to $79.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Finally, Piper Sandler reissued an "overweight" rating and issued a $77.00 target price (down from $83.00) on shares of Citigroup in a research note on Wednesday, April 16th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $84.61.
Check Out Our Latest Analysis on C
Insider Transactions at Citigroup
In related news, COO Anand Selvakesari sold 30,000 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $81.10, for a total transaction of $2,433,000.00. Following the sale, the chief operating officer now directly owns 229,180 shares in the company, valued at approximately $18,586,498. This represents a 11.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Mark Mason sold 58,465 shares of Citigroup stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $83.21, for a total transaction of $4,864,872.65. Following the completion of the transaction, the chief financial officer now owns 217,331 shares of the company's stock, valued at $18,084,112.51. This represents a 21.20 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 103,590 shares of company stock valued at $8,523,149. 0.08% of the stock is currently owned by corporate insiders.
Citigroup Trading Up 2.6 %
Shares of C stock traded up $1.71 during trading hours on Thursday, hitting $68.01. The company had a trading volume of 5,824,610 shares, compared to its average volume of 17,781,904. Citigroup Inc. has a fifty-two week low of $53.51 and a fifty-two week high of $84.74. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.96 and a quick ratio of 0.96. The company's fifty day moving average is $70.03 and its 200 day moving average is $70.97. The stock has a market capitalization of $128.01 billion, a PE ratio of 11.44, a price-to-earnings-growth ratio of 0.64 and a beta of 1.29.
Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.84 by $0.12. The business had revenue of $21.60 billion during the quarter, compared to analyst estimates of $21.34 billion. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. Research analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.
Citigroup Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Monday, May 5th will be paid a dividend of $0.56 per share. The ex-dividend date is Monday, May 5th. This represents a $2.24 dividend on an annualized basis and a yield of 3.29%. Citigroup's dividend payout ratio (DPR) is presently 35.39%.
Citigroup announced that its Board of Directors has initiated a share buyback program on Wednesday, January 15th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the company to purchase up to 13.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.
About Citigroup
(
Free Report)
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.
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