DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Has $18.93 Million Stock Holdings in Citigroup Inc. (NYSE:C)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main cut its holdings in Citigroup Inc. (NYSE:C - Free Report) by 43.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 268,922 shares of the company's stock after selling 206,801 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in Citigroup were worth $18,929,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Principal Financial Group Inc. increased its holdings in Citigroup by 11.5% during the third quarter. Principal Financial Group Inc. now owns 3,728,261 shares of the company's stock worth $233,389,000 after buying an additional 383,534 shares during the last quarter. Fortitude Family Office LLC increased its holdings in Citigroup by 19.6% during the fourth quarter. Fortitude Family Office LLC now owns 1,519 shares of the company's stock worth $107,000 after buying an additional 249 shares during the last quarter. Baker Tilly Wealth Management LLC increased its holdings in Citigroup by 4.6% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 5,348 shares of the company's stock worth $376,000 after buying an additional 236 shares during the last quarter. HBW Advisory Services LLC increased its holdings in Citigroup by 1.2% during the fourth quarter. HBW Advisory Services LLC now owns 48,482 shares of the company's stock worth $3,413,000 after buying an additional 584 shares during the last quarter. Finally, Graypoint LLC increased its holdings in Citigroup by 19.0% during the fourth quarter. Graypoint LLC now owns 13,177 shares of the company's stock worth $928,000 after buying an additional 2,100 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Sara Wechter sold 15,125 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $81.01, for a total value of $1,225,276.25. Following the completion of the transaction, the insider now owns 109,780 shares of the company's stock, valued at $8,893,277.80. This represents a 12.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Anand Selvakesari sold 30,000 shares of the stock in a transaction that occurred 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 directly owns 229,180 shares of the company's stock, valued at $18,586,498. This represents a 11.57% decrease in their position. The disclosure for this sale can be found here. Insiders sold 108,007 shares of company stock valued at $8,824,653 over the last quarter. 0.08% of the stock is owned by company insiders.

Citigroup Price Performance

C traded up $3.39 on Monday, hitting $74.84. 18,456,415 shares of the stock were exchanged, compared to its average volume of 14,439,388. The firm has a market capitalization of $140.85 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 0.64 and a beta of 1.30. 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 12 month low of $53.51 and a 12 month high of $84.74. The business has a 50-day moving average of $67.56 and a two-hundred day moving average of $71.57.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.84 by $0.12. The business had revenue of $21.60 billion during the quarter, compared to the consensus estimate of $21.34 billion. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. Sell-side analysts forecast that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup announced that its board has authorized a stock buyback program on Wednesday, January 15th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the company to repurchase up to 13.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its stock is undervalued.

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Monday, May 5th will be paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend is Monday, May 5th. Citigroup's dividend payout ratio is currently 35.39%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. The Goldman Sachs Group decreased their price objective on shares of Citigroup from $90.00 to $80.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th. Truist Financial decreased their price objective on shares of Citigroup from $84.00 to $79.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. StockNews.com downgraded shares of Citigroup from a "buy" rating to a "hold" rating in a report on Sunday, March 30th. Oppenheimer upped their price objective on shares of Citigroup from $91.00 to $94.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Citigroup from $85.50 to $75.50 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Citigroup currently has a consensus rating of "Moderate Buy" and an average target price of $84.04.

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.