UniSuper Management Pty Ltd raised its holdings in Citigroup Inc. (NYSE:C - Free Report) by 17.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,125,718 shares of the company's stock after buying an additional 163,442 shares during the quarter. UniSuper Management Pty Ltd owned about 0.06% of Citigroup worth $79,239,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in shares of Citigroup by 2.0% during the third quarter. Geode Capital Management LLC now owns 39,919,798 shares of the company's stock valued at $2,492,238,000 after buying an additional 791,758 shares during the last quarter. Franklin Resources Inc. lifted its position in Citigroup by 18.5% during the 3rd quarter. Franklin Resources Inc. now owns 30,027,213 shares of the company's stock worth $1,998,976,000 after acquiring an additional 4,680,713 shares during the period. Fisher Asset Management LLC grew its stake in Citigroup by 3.6% during the 4th quarter. Fisher Asset Management LLC now owns 30,014,183 shares of the company's stock valued at $2,112,698,000 after purchasing an additional 1,043,826 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Citigroup by 9.8% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 15,676,463 shares of the company's stock valued at $981,347,000 after purchasing an additional 1,404,120 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Citigroup by 2.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,703,215 shares of the company's stock worth $670,021,000 after purchasing an additional 240,628 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company's stock.
Insider Activity at Citigroup
In related news, insider Sara Wechter sold 15,125 shares of the business's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $81.01, for a total transaction of $1,225,276.25. Following the transaction, the insider now directly owns 109,780 shares in the company, valued at approximately $8,893,277.80. The trade was a 12.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Anand Selvakesari sold 30,000 shares of the company's 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 of the company's stock, valued at approximately $18,586,498. This represents a 11.57 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 103,590 shares of company stock valued at $8,523,149. 0.08% of the stock is owned by corporate insiders.
Citigroup Price Performance
C traded down $1.57 during trading on Friday, hitting $70.28. The company's stock had a trading volume of 13,627,552 shares, compared to its average volume of 13,835,686. 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 firm has a market capitalization of $132.28 billion, a price-to-earnings ratio of 11.81, a P/E/G ratio of 0.64 and a beta of 1.43. The business's fifty day simple moving average is $77.06 and its 200 day simple moving average is $70.72. Citigroup Inc. has a twelve month low of $53.51 and a twelve month high of $84.74.
Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings results on Wednesday, January 15th. The company reported $1.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.22 by $0.12. The firm had revenue of $19.58 billion for the quarter, compared to analysts' expectations of $19.51 billion. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. The firm's revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.84 EPS. On average, equities research analysts forecast that Citigroup Inc. will post 7.53 EPS for the current fiscal year.
Citigroup announced that its board has initiated a share repurchase plan on Wednesday, January 15th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 13.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors believes its shares are undervalued.
Citigroup Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 3rd were given a dividend of $0.56 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.24 annualized dividend and a dividend yield of 3.19%. Citigroup's dividend payout ratio (DPR) is presently 37.65%.
Analyst Ratings Changes
Several brokerages recently weighed in on C. Morgan Stanley cut their price target on shares of Citigroup from $110.00 to $109.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. StockNews.com lowered shares of Citigroup from a "buy" rating to a "hold" rating in a research note on Sunday. Truist Financial assumed coverage on shares of Citigroup in a report on Tuesday, January 7th. They issued a "buy" rating and a $85.00 price target on the stock. Oppenheimer reduced their price objective on Citigroup from $110.00 to $102.00 and set an "outperform" rating for the company in a research note on Friday, January 3rd. Finally, Evercore ISI boosted their price objective on Citigroup from $69.00 to $79.00 and gave the company an "in-line" rating in a report on Thursday, January 16th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $84.50.
Read Our Latest Stock Report on Citigroup
Citigroup Company Profile
(
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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