Mitsubishi UFJ Asset Management Co. Ltd. Grows Stock Holdings in Citigroup Inc. (NYSE:C)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 9.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,022,553 shares of the company's stock after buying an additional 257,292 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.16% of Citigroup worth $214,601,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of C. Core Alternative Capital increased its position in shares of Citigroup by 83.4% during the 4th quarter. Core Alternative Capital now owns 376 shares of the company's stock valued at $26,000 after purchasing an additional 171 shares during the last quarter. Legacy Investment Solutions LLC bought a new position in Citigroup in the 3rd quarter worth approximately $31,000. Creative Capital Management Investments LLC bought a new stake in shares of Citigroup during the 4th quarter valued at $35,000. Webster Bank N. A. lifted its holdings in Citigroup by 150.0% during the 4th quarter. Webster Bank N. A. now owns 500 shares of the company's stock worth $35,000 after purchasing an additional 300 shares in the last quarter. Finally, Sierra Ocean LLC bought a new position in Citigroup in the 4th quarter worth about $37,000. Institutional investors own 71.72% of the company's stock.

Citigroup Trading Down 1.0 %

Shares of Citigroup stock traded down $0.68 during trading on Monday, reaching $69.65. The company's stock had a trading volume of 3,793,038 shares, compared to its average volume of 13,797,299. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.50. Citigroup Inc. has a 52-week low of $53.51 and a 52-week high of $84.74. The firm's 50-day moving average is $77.06 and its two-hundred day moving average is $70.81. The company has a market cap of $131.09 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 0.64 and a beta of 1.43.

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Citigroup (NYSE:C - Get Free Report) last posted its quarterly earnings results on Wednesday, January 15th. The company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.12. The business had revenue of $19.58 billion during the quarter, compared to analyst estimates of $19.51 billion. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. The company's revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.84 earnings per share. On average, sell-side analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 3rd were paid a $0.56 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.24 dividend on an annualized basis and a yield of 3.22%. Citigroup's dividend payout ratio (DPR) is currently 37.65%.

Citigroup announced that its board has authorized a share buyback program on Wednesday, January 15th that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 13.5% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on C shares. Oppenheimer cut their price objective on shares of Citigroup from $110.00 to $102.00 and set an "outperform" rating for the company in a research report on Friday, January 3rd. Truist Financial started coverage on Citigroup in a research note on Tuesday, January 7th. They set a "buy" rating and a $85.00 price objective for the company. StockNews.com lowered Citigroup from a "buy" rating to a "hold" rating in a research note on Sunday. The Goldman Sachs Group dropped their price target on Citigroup from $90.00 to $80.00 and set a "buy" rating for the company in a research report on Wednesday, March 19th. Finally, Piper Sandler restated an "overweight" rating and issued a $83.00 price objective (up from $80.00) on shares of Citigroup in a research report on Thursday, January 16th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $84.50.

Insiders Place Their Bets

In other Citigroup news, CFO Mark Mason sold 58,465 shares of the company's stock in a transaction 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 transaction, the chief financial officer now directly owns 217,331 shares in the company, valued at approximately $18,084,112.51. This represents a 21.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Anand Selvakesari sold 30,000 shares of Citigroup stock in a transaction dated 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 $18,586,498. The trade was a 11.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 103,590 shares of company stock valued at $8,523,149 in the last quarter. Insiders own 0.08% of the company's stock.

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.