Caisse DE Depot ET Placement DU Quebec Sells 213,096 Shares of Citigroup Inc. (NYSE:C)

Caisse DE Depot ET Placement DU Quebec reduced its holdings in Citigroup Inc. (NYSE:C - Free Report) by 4.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,318,731 shares of the company's stock after selling 213,096 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned approximately 0.23% of Citigroup worth $303,995,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Advisory Resource Group increased its stake in shares of Citigroup by 3.7% in the 3rd quarter. Advisory Resource Group now owns 72,947 shares of the company's stock valued at $4,566,000 after buying an additional 2,590 shares during the period. Te Ahumairangi Investment Management Ltd increased its position in Citigroup by 6.7% in the third quarter. Te Ahumairangi Investment Management Ltd now owns 202,691 shares of the company's stock worth $12,617,000 after purchasing an additional 12,810 shares during the period. Anchor Investment Management LLC raised its holdings in Citigroup by 24.4% during the 3rd quarter. Anchor Investment Management LLC now owns 2,557 shares of the company's stock worth $160,000 after purchasing an additional 501 shares during the last quarter. World Investment Advisors LLC lifted its position in Citigroup by 36.6% during the 3rd quarter. World Investment Advisors LLC now owns 21,527 shares of the company's stock valued at $1,348,000 after purchasing an additional 5,763 shares during the period. Finally, Wilmington Savings Fund Society FSB boosted its stake in shares of Citigroup by 432.6% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 38,191 shares of the company's stock valued at $2,391,000 after purchasing an additional 31,020 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors.

Citigroup Stock Up 3.6 %

Shares of C stock traded up $2.43 on Friday, hitting $70.57. 13,286,259 shares of the stock were exchanged, compared to its average volume of 14,435,626. 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 $132.82 billion, a P/E ratio of 11.86, a price-to-earnings-growth ratio of 0.64 and a beta of 1.29. Citigroup Inc. has a fifty-two week low of $53.51 and a fifty-two week high of $84.74. The business has a 50-day moving average of $68.24 and a 200 day moving average of $71.25.

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

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Monday, May 5th will be given a dividend of $0.56 per share. The ex-dividend date of this dividend is Monday, May 5th. This represents a $2.24 annualized dividend and a yield of 3.17%. Citigroup's dividend payout ratio (DPR) is presently 35.39%.

Citigroup declared that its Board of Directors has authorized a share repurchase program on Wednesday, January 15th that allows the company to buyback $20.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 13.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on C shares. StockNews.com downgraded Citigroup from a "buy" rating to a "hold" rating in a research note on Sunday, March 30th. Truist Financial reduced their target price on Citigroup from $84.00 to $79.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Morgan Stanley lowered 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. The Goldman Sachs Group reduced their price objective on shares of Citigroup from $90.00 to $80.00 and set a "buy" rating on the stock in a research note on Wednesday, March 19th. Finally, Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $92.00 target price (down previously from $96.00) on shares of Citigroup in a research note on Wednesday, April 16th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $84.04.

Insider Transactions at Citigroup

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of the 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 completion of the sale, the director now owns 13,048 shares in the company, valued at $890,656.48. This trade represents a 25.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Sara Wechter sold 15,125 shares of the business's stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $81.01, for a total transaction of $1,225,276.25. Following the transaction, the insider now owns 109,780 shares in the company, valued at $8,893,277.80. This represents a 12.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 108,007 shares of company stock worth $8,824,653 in the last three months. 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.