ProShare Advisors LLC Acquires 38,596 Shares of Citigroup Inc. (NYSE:C)

ProShare Advisors LLC raised its stake in Citigroup Inc. (NYSE:C - Free Report) by 10.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 405,270 shares of the company's stock after purchasing an additional 38,596 shares during the period. ProShare Advisors LLC's holdings in Citigroup were worth $28,527,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in C. Core Alternative Capital grew its holdings in shares of Citigroup by 83.4% during the 4th quarter. Core Alternative Capital now owns 376 shares of the company's stock worth $26,000 after purchasing an additional 171 shares during the period. Webster Bank N. A. raised its position in Citigroup by 150.0% in the 4th quarter. Webster Bank N. A. now owns 500 shares of the company's stock valued at $35,000 after purchasing an additional 300 shares in the last quarter. Creative Capital Management Investments LLC acquired a new stake in Citigroup in the 4th quarter valued at about $35,000. Sierra Ocean LLC acquired a new stake in shares of Citigroup during the 4th quarter worth about $37,000. Finally, Runnymede Capital Advisors Inc. acquired a new position in Citigroup during the fourth quarter worth approximately $39,000. Hedge funds and other institutional investors own 71.72% of the company's stock.

Citigroup Price Performance

C stock traded down $0.30 during trading on Tuesday, reaching $75.83. 8,916,120 shares of the company were exchanged, compared to its average volume of 14,503,772. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.96 and a quick ratio of 0.96. Citigroup Inc. has a twelve month low of $53.51 and a twelve month high of $84.74. The company has a 50-day moving average of $68.29 and a two-hundred day moving average of $72.06. The company has a market capitalization of $141.63 billion, a price-to-earnings ratio of 12.74, a P/E/G ratio of 0.64 and a beta of 1.30.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 earnings per share for the quarter, beating analysts' consensus estimates of $1.84 by $0.12. The firm had revenue of $21.60 billion for the quarter, compared to analyst estimates of $21.34 billion. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. As a group, equities analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Monday, May 5th will be given a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend is Monday, May 5th. Citigroup's dividend payout ratio (DPR) is presently 35.39%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on C. Truist Financial decreased their target price on Citigroup from $84.00 to $79.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Bank of America reduced their target price on Citigroup from $90.00 to $89.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. TD Cowen assumed coverage on Citigroup in a research report on Thursday, May 15th. They issued a "hold" rating and a $83.00 target price on the stock. Morgan Stanley reduced their price objective on Citigroup from $110.00 to $109.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Finally, Piper Sandler reissued an "overweight" rating and set a $77.00 target price (down from $83.00) on shares of Citigroup in a research report on Wednesday, April 16th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, Citigroup has a consensus rating of "Moderate Buy" and an average target price of $83.97.

Insider Activity

In related news, Director John Cunningham Dugan sold 4,417 shares of Citigroup stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total value of $301,504.42. Following the transaction, the director now directly owns 13,048 shares of the company's stock, valued at $890,656.48. The trade was a 25.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.08% of the stock is owned by company insiders.

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.