Woodline Partners LP Buys New Position in Citigroup Inc. (NYSE:C)

Woodline Partners LP bought a new position in shares of Citigroup Inc. (NYSE:C - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 113,578 shares of the company's stock, valued at approximately $7,995,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Zurich Insurance Group Ltd FI acquired a new position in shares of Citigroup in the 4th quarter valued at $25,580,000. Vident Advisory LLC lifted its holdings in Citigroup by 102.1% during the fourth quarter. Vident Advisory LLC now owns 83,338 shares of the company's stock worth $5,867,000 after acquiring an additional 42,108 shares in the last quarter. Triglav Skladi D.O.O. acquired a new position in Citigroup in the fourth quarter valued at about $3,356,000. Texas Bank & Trust Co bought a new stake in shares of Citigroup in the fourth quarter worth about $224,000. Finally, True Wealth Design LLC raised its position in shares of Citigroup by 11.1% during the fourth quarter. True Wealth Design LLC now owns 1,195 shares of the company's stock worth $84,000 after purchasing an additional 119 shares during the period. Institutional investors own 71.72% of the company's stock.

Citigroup Stock Performance

C stock traded up $2.41 during trading hours on Tuesday, reaching $75.50. The stock had a trading volume of 7,769,592 shares, compared to its average volume of 14,529,560. The stock has a 50-day simple moving average of $68.71 and a 200 day simple moving average of $72.32. Citigroup Inc. has a fifty-two week low of $53.51 and a fifty-two week high of $84.74. The stock has a market capitalization of $141.01 billion, a PE ratio of 12.68, a price-to-earnings-growth 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 (NYSE:C - Get Free Report) last issued its earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share (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%. Analysts predict that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Monday, May 5th were issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend was Monday, May 5th. Citigroup's dividend payout ratio is 35.39%.

Insider Buying and Selling at Citigroup

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of the business's stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total transaction of $301,504.42. Following the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.08% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on C shares. Cowen started coverage on shares of Citigroup in a report on Wednesday, May 14th. They set a "hold" rating on the stock. Morgan Stanley dropped their price target on Citigroup from $110.00 to $109.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Oppenheimer reaffirmed an "outperform" rating on shares of Citigroup in a research report on Tuesday, May 20th. TD Cowen began coverage on Citigroup in a report on Thursday, May 15th. They set a "hold" rating and a $83.00 price objective for the company. Finally, JPMorgan Chase & Co. dropped their target price on Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average 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.