Citigroup Inc. (NYSE:C) Shares Bought by Korea Investment CORP

Korea Investment CORP lifted its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 2.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,458,805 shares of the company's stock after acquiring an additional 66,971 shares during the quarter. Korea Investment CORP owned 0.13% of Citigroup worth $173,075,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Core Alternative Capital boosted its holdings in Citigroup by 83.4% during the fourth quarter. Core Alternative Capital now owns 376 shares of the company's stock worth $26,000 after buying an additional 171 shares in the last quarter. Legacy Investment Solutions LLC purchased a new position in Citigroup in the 3rd quarter valued at approximately $31,000. Creative Capital Management Investments LLC acquired a new position in Citigroup during the fourth quarter worth $35,000. Webster Bank N. A. raised its holdings in Citigroup by 150.0% during the fourth quarter. Webster Bank N. A. now owns 500 shares of the company's stock worth $35,000 after purchasing an additional 300 shares during the last quarter. Finally, Sierra Ocean LLC purchased a new stake in Citigroup during the fourth quarter worth $37,000. 71.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

C has been the subject of several research reports. Morgan Stanley cut their price target on Citigroup from $110.00 to $109.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Evercore ISI upped their price target on shares of Citigroup from $69.00 to $79.00 and gave the company an "in-line" rating in a report on Thursday, January 16th. Bank of America raised their price objective on shares of Citigroup from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Tuesday, January 7th. The Goldman Sachs Group lowered their target price on Citigroup from $90.00 to $80.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th. Finally, Truist Financial started coverage on Citigroup in a report on Tuesday, January 7th. They issued a "buy" rating and a $85.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $84.50.

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Citigroup Stock Down 2.2 %

NYSE:C traded down $1.57 on Friday, reaching $70.28. The stock had a trading volume of 13,627,552 shares, compared to its average volume of 13,835,686. Citigroup Inc. has a 12-month low of $53.51 and a 12-month high of $84.74. The stock has a market cap of $132.28 billion, a P/E ratio of 11.81, a price-to-earnings-growth ratio of 0.64 and a beta of 1.43. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.50. The company has a 50-day moving average of $77.06 and a 200 day moving average of $70.72.

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

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.56 per share. 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 3.19%. Citigroup's dividend payout ratio (DPR) is 37.65%.

Citigroup declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, January 15th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the company to buy up to 13.5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's board believes its stock is undervalued.

Insiders Place Their Bets

In related news, CFO Mark Mason sold 58,465 shares of the firm's stock in a transaction 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 transaction, the chief financial officer now directly owns 217,331 shares in the company, valued at $18,084,112.51. This trade represents a 21.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Anand Selvakesari sold 30,000 shares of the business's stock in a transaction 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 owns 229,180 shares of the company's stock, valued at approximately $18,586,498. The trade was a 11.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 103,590 shares of company stock valued at $8,523,149 in the last ninety days. Corporate insiders own 0.08% of the company's stock.

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.