Woodline Partners LP Invests $8 Million in Citigroup Inc. (NYSE:C)

Woodline Partners LP acquired a new position in Citigroup Inc. (NYSE:C - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 113,578 shares of the company's stock, valued at approximately $7,995,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Fort Washington Investment Advisors Inc. OH acquired a new position in shares of Citigroup during the fourth quarter valued at $26,561,000. Simon Quick Advisors LLC boosted its holdings in shares of Citigroup by 33.4% during the fourth quarter. Simon Quick Advisors LLC now owns 8,188 shares of the company's stock valued at $576,000 after acquiring an additional 2,049 shares during the period. Global Trust Asset Management LLC raised its stake in shares of Citigroup by 42.7% during the fourth quarter. Global Trust Asset Management LLC now owns 709 shares of the company's stock valued at $50,000 after purchasing an additional 212 shares in the last quarter. Daymark Wealth Partners LLC bought a new stake in shares of Citigroup during the fourth quarter valued at about $206,000. Finally, Magnus Financial Group LLC raised its stake in shares of Citigroup by 37.2% during the fourth quarter. Magnus Financial Group LLC now owns 6,443 shares of the company's stock valued at $454,000 after purchasing an additional 1,747 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company's stock.

Citigroup Stock Down 0.5%

NYSE C traded down $0.41 during trading on Wednesday, reaching $75.07. The company's stock had a trading volume of 2,471,025 shares, compared to its average volume of 14,497,333. 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 stock has a market capitalization of $140.20 billion, a PE ratio of 12.62, a PEG ratio of 0.64 and a beta of 1.30. The business has a 50-day moving average price of $68.78 and a 200-day moving average price of $72.34. Citigroup Inc. has a 1-year low of $53.51 and a 1-year high of $84.74.

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

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 5th were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend was Monday, May 5th. Citigroup's payout ratio is 35.39%.

Insider Transactions at Citigroup

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of the business's 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 sale, the director now owns 13,048 shares of the company's stock, valued at $890,656.48. The trade was a 25.29% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.08% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

C has been the topic of several research reports. Bank of America dropped their price target on shares of Citigroup from $90.00 to $89.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Piper Sandler reiterated an "overweight" rating and issued a $77.00 price target (down from $83.00) on shares of Citigroup in a research report on Wednesday, April 16th. Wall Street Zen cut shares of Citigroup from a "hold" rating to a "sell" rating in a research report on Saturday. Truist Financial dropped their price target on shares of Citigroup from $84.00 to $79.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Finally, Cowen assumed coverage on shares of Citigroup in a research report on Wednesday, May 14th. They issued a "hold" rating on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Citigroup currently has an average rating of "Moderate Buy" and a consensus price target of $83.97.

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.