Achmea Investment Management B.V. Has $13.60 Million Stake in Citigroup Inc. (NYSE:C)

Achmea Investment Management B.V. grew its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 42.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 191,521 shares of the company's stock after acquiring an additional 57,349 shares during the period. Achmea Investment Management B.V.'s holdings in Citigroup were worth $13,596,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of C. Orion Capital Management LLC bought a new stake in Citigroup during the fourth quarter valued at $28,000. American National Bank & Trust bought a new stake in shares of Citigroup during the 1st quarter valued at about $29,000. Mascagni Wealth Management Inc. bought a new stake in shares of Citigroup during the 4th quarter valued at about $34,000. Runnymede Capital Advisors Inc. acquired a new stake in Citigroup during the fourth quarter worth approximately $39,000. Finally, Whipplewood Advisors LLC lifted its stake in Citigroup by 79.2% in the first quarter. Whipplewood Advisors LLC now owns 570 shares of the company's stock valued at $40,000 after buying an additional 252 shares during the period. Institutional investors and hedge funds own 71.72% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on C shares. TD Cowen initiated coverage on shares of Citigroup in a report on Thursday, May 15th. They set a "hold" rating and a $83.00 price target on the stock. Wall Street Zen lowered shares of Citigroup from a "hold" rating to a "sell" rating in a report on Friday. Bank of America upped their target price on Citigroup from $89.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, June 26th. Truist Financial lowered their target price 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, Evercore ISI lowered their price target on Citigroup from $79.00 to $76.00 and set an "in-line" rating on the stock in a report on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $84.03.

Citigroup Stock Performance

C traded up $1.14 during trading on Tuesday, hitting $86.26. 15,940,910 shares of the stock were exchanged, compared to its average volume of 14,591,238. The firm has a market capitalization of $161.11 billion, a P/E ratio of 13.63, a PEG ratio of 0.66 and a beta of 1.33. Citigroup Inc. has a 1-year low of $53.51 and a 1-year high of $86.47. The stock has a fifty day moving average price of $74.97 and a two-hundred day moving average price of $73.74. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.52.

Citigroup (NYSE:C - Get Free Report) last announced its earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.12. The firm had revenue of $21.60 billion during the quarter, compared to the consensus estimate of $21.34 billion. Citigroup had a net margin of 7.95% and a return on equity of 6.94%. As a group, sell-side analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 5th were given a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 2.60%. The ex-dividend date was Monday, May 5th. Citigroup's payout ratio is currently 35.39%.

Insider Transactions at Citigroup

In related news, Director John Cunningham Dugan sold 4,417 shares of the stock in a transaction dated 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 owned 13,048 shares in the company, valued at $890,656.48. This represents a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.08% of the stock is owned by company insiders.

About Citigroup

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.