Citigroup Inc. (NYSE:C) Shares Purchased by Voya Investment Management LLC

Voya Investment Management LLC raised its holdings in Citigroup Inc. (NYSE:C - Free Report) by 7.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,870,036 shares of the company's stock after purchasing an additional 317,953 shares during the period. Voya Investment Management LLC owned about 0.26% of Citigroup worth $342,802,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in C. Core Alternative Capital grew its position in shares of Citigroup by 83.4% in the 4th quarter. Core Alternative Capital now owns 376 shares of the company's stock worth $26,000 after acquiring an additional 171 shares in the last quarter. Webster Bank N. A. lifted its position in shares of Citigroup by 150.0% in the 4th quarter. Webster Bank N. A. now owns 500 shares of the company's stock worth $35,000 after buying an additional 300 shares during the last quarter. Creative Capital Management Investments LLC acquired a new position in shares of Citigroup in the 4th quarter valued at about $35,000. Sierra Ocean LLC bought a new stake in shares of Citigroup during the 4th quarter valued at about $37,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in Citigroup during the fourth quarter worth about $39,000. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Citigroup

In other Citigroup news, CFO Mark Mason sold 58,465 shares of Citigroup stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $83.21, for a total value of $4,864,872.65. Following the completion of the sale, the chief financial officer now directly owns 217,331 shares in the company, valued at $18,084,112.51. The trade was a 21.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Anand Selvakesari sold 30,000 shares of the stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $81.10, for a total transaction of $2,433,000.00. Following the transaction, the chief operating officer now owns 229,180 shares in the company, valued at approximately $18,586,498. This trade represents a 11.57 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 103,590 shares of company stock valued at $8,523,149. Corporate insiders own 0.08% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Morgan Stanley dropped their target price on Citigroup from $110.00 to $109.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Oppenheimer dropped their price target on shares of Citigroup from $110.00 to $102.00 and set an "outperform" rating on the stock in a research note on Friday, January 3rd. Barclays upgraded Citigroup from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $70.00 to $95.00 in a research report on Monday, January 6th. Piper Sandler reaffirmed an "overweight" rating and set a $77.00 target price (down previously from $83.00) on shares of Citigroup in a research note on Wednesday, April 16th. Finally, JPMorgan Chase & Co. reduced their price target on Citigroup from $85.50 to $75.50 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Citigroup presently has a consensus rating of "Moderate Buy" and an average target price of $84.61.

Citigroup Stock Performance

Shares of C opened at $66.39 on Thursday. Citigroup Inc. has a one year low of $53.51 and a one year high of $84.74. The company has a 50-day moving average of $70.03 and a two-hundred day moving average of $70.97. 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 stock has a market cap of $124.96 billion, a price-to-earnings ratio of 11.16, a PEG ratio of 0.64 and a beta of 1.29.

Citigroup (NYSE:C - Get Free Report) last issued its 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 analysts' expectations of $21.34 billion. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. On average, equities research analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup announced that its Board of Directors has initiated a share repurchase program on Wednesday, January 15th that authorizes the company to buyback $20.00 billion in shares. This buyback authorization authorizes the company to reacquire up to 13.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Monday, May 5th will be issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 3.37%. The ex-dividend date is Monday, May 5th. Citigroup's dividend payout ratio is currently 35.39%.

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.

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