9,243 Shares in Citigroup Inc. (NYSE:C) Purchased by Strive Asset Management LLC

Strive Asset Management LLC purchased a new stake in Citigroup Inc. (NYSE:C - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,243 shares of the company's stock, valued at approximately $651,000.

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

Analyst Upgrades and Downgrades

C has been the subject of a number of recent analyst reports. StockNews.com downgraded shares of Citigroup from a "buy" rating to a "hold" rating in a report on Sunday, March 30th. Bank of America cut their price target on shares of Citigroup from $90.00 to $89.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Evercore ISI cut their price target on shares of Citigroup from $79.00 to $76.00 and set an "in-line" rating for the company in a report on Tuesday, April 1st. Truist Financial cut their price target on shares of Citigroup from $84.00 to $79.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $77.00 price objective (down previously from $83.00) on shares of Citigroup in a research report on Wednesday, April 16th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $83.97.

Citigroup Stock Down 3.2%

Shares of C traded down $2.46 during mid-day trading on Wednesday, reaching $73.44. The company's stock had a trading volume of 17,137,591 shares, compared to its average volume of 14,527,570. The stock has a market cap of $137.17 billion, a PE ratio of 12.34, 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 Inc. has a 12-month low of $53.51 and a 12-month high of $84.74. The company's 50 day moving average is $68.46 and its 200 day moving average is $72.09.

Citigroup (NYSE:C - Get Free Report) last posted its earnings results on Tuesday, April 15th. The company reported $1.96 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 for 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 fiscal year.

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Monday, May 5th will be given a $0.56 dividend. The ex-dividend date of this dividend is Monday, May 5th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.05%. Citigroup's dividend payout ratio (DPR) is presently 35.39%.

Insider Buying and Selling

In other news, Director John Cunningham Dugan sold 4,417 shares of Citigroup stock in a transaction dated 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.08% of the stock is currently owned by company insiders.

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.