Asset Management One Co. Ltd. Has $63.69 Million Stock Position in Citigroup Inc. (NYSE:C)

Asset Management One Co. Ltd. increased its stake in Citigroup Inc. (NYSE:C - Free Report) by 11.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 897,192 shares of the company's stock after acquiring an additional 91,622 shares during the period. Asset Management One Co. Ltd.'s holdings in Citigroup were worth $63,692,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Orion Capital Management LLC acquired a new stake in shares of Citigroup during the 4th quarter worth $28,000. American National Bank & Trust purchased a new stake in Citigroup during the first quarter valued at about $29,000. Mascagni Wealth Management Inc. acquired a new stake in Citigroup during the fourth quarter worth about $34,000. Runnymede Capital Advisors Inc. purchased a new position in shares of Citigroup in the 4th quarter worth about $39,000. Finally, Whipplewood Advisors LLC lifted its stake in shares of Citigroup by 79.2% in the 1st quarter. Whipplewood Advisors LLC now owns 570 shares of the company's stock valued at $40,000 after purchasing an additional 252 shares in the last quarter. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Citigroup Stock Performance

Shares of NYSE:C traded up $0.04 on Friday, hitting $84.41. The company's stock had a trading volume of 21,831,230 shares, compared to its average volume of 14,593,628. The company has a market capitalization of $157.66 billion, a price-to-earnings ratio of 13.33, a price-to-earnings-growth ratio of 0.64 and a beta of 1.33. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.98 and a current ratio of 0.98. Citigroup Inc. has a 12 month low of $53.51 and a 12 month high of $84.90. The stock's 50-day moving average is $74.10 and its two-hundred day moving average is $73.53.

Citigroup (NYSE:C - Get Free Report) last released its earnings results on Tuesday, April 15th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.84 by $0.12. Citigroup had a net margin of 7.95% and a return on equity of 6.94%. The firm had revenue of $21.60 billion for the quarter, compared to analysts' expectations of $21.34 billion. On average, equities research analysts forecast that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

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

Analyst Upgrades and Downgrades

C has been the topic of a number of recent research reports. JPMorgan Chase & Co. reduced their price objective on Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Bank of America boosted their price target on Citigroup from $89.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday. Cowen started coverage on shares of Citigroup in a research report on Wednesday, May 14th. They issued a "hold" rating for the company. Morgan Stanley boosted their target price on shares of Citigroup from $90.00 to $94.00 and gave the stock an "overweight" rating in a research report on Monday. Finally, Truist Financial lowered 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. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, Citigroup has an average rating of "Moderate Buy" and an average target price of $84.03.

Insider Activity

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of the company's 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 transaction, the director now owns 13,048 shares of the company's stock, valued at approximately $890,656.48. This represents a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.08% of the company's stock.

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.