Artemis Investment Management LLP Has $59.33 Million Stock Holdings in Citigroup Inc. (NYSE:C)

Artemis Investment Management LLP increased its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 2,381.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 835,677 shares of the company's stock after buying an additional 801,999 shares during the quarter. Artemis Investment Management LLP's holdings in Citigroup were worth $59,325,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. True Wealth Design LLC boosted its stake in Citigroup by 11.1% during the 4th quarter. True Wealth Design LLC now owns 1,195 shares of the company's stock valued at $84,000 after purchasing an additional 119 shares during the last quarter. Continuum Advisory LLC lifted its holdings in shares of Citigroup by 1.9% in the fourth quarter. Continuum Advisory LLC now owns 6,519 shares of the company's stock valued at $459,000 after purchasing an additional 120 shares in the last quarter. Blake Schutter Theil Wealth Advisors LLC boosted its position in shares of Citigroup by 1.6% during the fourth quarter. Blake Schutter Theil Wealth Advisors LLC now owns 8,637 shares of the company's stock valued at $608,000 after buying an additional 135 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in Citigroup by 3.4% during the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,112 shares of the company's stock worth $289,000 after buying an additional 137 shares in the last quarter. Finally, Rakuten Securities Inc. raised its position in Citigroup by 2.4% in the 4th quarter. Rakuten Securities Inc. now owns 5,953 shares of the company's stock valued at $419,000 after buying an additional 139 shares during the last quarter. Institutional investors own 71.72% of the company's stock.

Insider Transactions at Citigroup

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of Citigroup stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total value of $301,504.42. Following the completion of the sale, the director now owns 13,048 shares of the company's stock, valued at approximately $890,656.48. This trade represents a 25.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.08% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on C shares. Evercore ISI reduced their target price on shares of Citigroup from $79.00 to $76.00 and set an "in-line" rating for the company in a research note on Tuesday, April 1st. TD Cowen started coverage on shares of Citigroup in a research report on Thursday, May 15th. They set a "hold" rating and a $83.00 target price on the stock. Truist Financial cut their target price on Citigroup from $84.00 to $79.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Citigroup in a research report on Tuesday. Finally, Morgan Stanley boosted their price objective on Citigroup from $90.00 to $94.00 and gave the stock an "overweight" rating in a research report on Monday. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $84.03.

Citigroup Stock Up 2.2%

Shares of Citigroup stock opened at $84.46 on Friday. Citigroup Inc. has a 1 year low of $53.51 and a 1 year high of $84.85. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.98 and a quick ratio of 0.98. The company has a 50-day moving average of $74.10 and a 200 day moving average of $73.53. The firm has a market cap of $157.75 billion, a price-to-earnings ratio of 13.34, a PEG ratio of 0.64 and a beta of 1.33.

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

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 5th were issued a dividend of $0.56 per share. The ex-dividend date was Monday, May 5th. This represents a $2.24 annualized dividend and a dividend yield of 2.65%. Citigroup's payout ratio is presently 35.39%.

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.

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