ASR Vermogensbeheer N.V. Acquires Shares of 217,375 Citigroup Inc. (NYSE:C)

Key Points

• ASR Vermogensbeheer N.V. has purchased a new stake in Citigroup Inc., acquiring 217,375 shares valued at approximately $15.43 million in the first quarter.
• Citigroup reported a quarterly earnings per share (EPS) of $1.96, surpassing the consensus estimate by $0.35, with revenue increasing by 8.2% year-over-year.
• The company declared a quarterly dividend of $0.60 per share, effective August 22nd, reflecting a positive change from the previous quarter's $0.56.

ASR Vermogensbeheer N.V. acquired a new stake in shares of Citigroup Inc. (NYSE:C - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 217,375 shares of the company's stock, valued at approximately $15,432,000.

Several other hedge funds also recently bought and sold shares of the business. Citizens Financial Group Inc. RI raised its stake in shares of Citigroup by 6.4% during the first quarter. Citizens Financial Group Inc. RI now owns 15,322 shares of the company's stock valued at $1,088,000 after acquiring an additional 918 shares in the last quarter. Schnieders Capital Management LLC increased its holdings in Citigroup by 33.5% during the 1st quarter. Schnieders Capital Management LLC now owns 14,956 shares of the company's stock worth $1,062,000 after purchasing an additional 3,753 shares during the period. Hemington Wealth Management raised its position in Citigroup by 11.5% during the 1st quarter. Hemington Wealth Management now owns 1,547 shares of the company's stock valued at $109,000 after purchasing an additional 160 shares in the last quarter. Nicholas Hoffman & Company LLC. purchased a new stake in shares of Citigroup in the 1st quarter worth $354,000. Finally, WealthShield Partners LLC lifted its holdings in shares of Citigroup by 14.1% in the 1st quarter. WealthShield Partners LLC now owns 47,100 shares of the company's stock worth $3,344,000 after buying an additional 5,819 shares during the period. Institutional investors own 71.72% of the company's stock.

Insider Transactions at Citigroup

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of Citigroup stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total transaction of $271,200.00. Following the completion of the sale, the director owned 2,140 shares of the company's stock, valued at approximately $193,456. The trade was a 58.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.08% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on C shares. TD Cowen lifted their price objective on Citigroup from $85.00 to $95.00 and gave the company a "hold" rating in a report on Wednesday, July 16th. Wall Street Zen raised Citigroup from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Dbs Bank raised Citigroup from a "hold" rating to a "moderate buy" rating in a research report on Thursday, July 17th. Oppenheimer lifted their target price on Citigroup from $123.00 to $124.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Finally, Royal Bank Of Canada decreased their price target on shares of Citigroup from $85.00 to $78.00 and set an "outperform" rating for the company in a research report on Wednesday, April 16th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $96.54.

Citigroup Stock Down 1.0%

Shares of C traded down $0.92 during mid-day trading on Thursday, hitting $91.31. 12,938,981 shares of the company traded hands, compared to its average volume of 16,932,436. The company has a market capitalization of $170.54 billion, a PE ratio of 13.49, a price-to-earnings-growth ratio of 0.79 and a beta of 1.38. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 1.61. The business has a 50 day moving average of $85.72 and a 200 day moving average of $77.33. Citigroup Inc. has a 1-year low of $55.51 and a 1-year high of $96.90.

Citigroup (NYSE:C - Get Free Report) last released its earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.35. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. The company had revenue of $21.67 billion for the quarter, compared to the consensus estimate of $20.75 billion. Citigroup's revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.52 EPS. Equities research analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Monday, August 4th will be paid a $0.60 dividend. This is a positive change from Citigroup's previous quarterly dividend of $0.56. The ex-dividend date is Monday, August 4th. This represents a $2.40 dividend on an annualized basis and a yield of 2.6%. Citigroup's dividend payout ratio (DPR) is 35.45%.

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.