Asset Management One Co. Ltd. Purchases 91,622 Shares of Citigroup Inc. (NYSE:C)

Asset Management One Co. Ltd. increased its position in Citigroup Inc. (NYSE:C - Free Report) by 11.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in shares of Citigroup by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 40,587,155 shares of the company's stock worth $2,853,484,000 after acquiring an additional 667,357 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Citigroup by 2.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 38,561,690 shares of the company's stock worth $2,714,359,000 after purchasing an additional 815,003 shares during the period. FMR LLC lifted its position in Citigroup by 29.7% during the fourth quarter. FMR LLC now owns 34,362,176 shares of the company's stock valued at $2,418,754,000 after purchasing an additional 7,863,718 shares in the last quarter. Franklin Resources Inc. lifted its position in Citigroup by 9.3% during the fourth quarter. Franklin Resources Inc. now owns 32,832,063 shares of the company's stock valued at $2,311,048,000 after purchasing an additional 2,804,850 shares in the last quarter. Finally, Capital World Investors grew its holdings in Citigroup by 455.2% during the fourth quarter. Capital World Investors now owns 31,352,582 shares of the company's stock valued at $2,206,908,000 after purchasing an additional 25,705,141 shares during the period. Hedge funds and other institutional investors own 71.72% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on C. Wall Street Zen raised Citigroup from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st. Cowen began coverage on shares of Citigroup in a research note on Wednesday, May 14th. They set a "hold" rating on the stock. Bank of America lowered their price target on shares of Citigroup from $90.00 to $89.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. TD Cowen began coverage on shares of Citigroup in a research note on Thursday, May 15th. They issued a "hold" rating and a $83.00 price objective for the company. Finally, Morgan Stanley raised their price objective on shares of Citigroup from $90.00 to $94.00 and gave the company an "overweight" rating in a research report on Monday. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Citigroup currently has a consensus rating of "Moderate Buy" and a consensus price target of $83.30.

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 value of $301,504.42. Following the sale, the director now directly owns 13,048 shares of the company's stock, valued at $890,656.48. This represents a 25.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.08% of the company's stock.

Citigroup Price Performance

Citigroup stock opened at $79.42 on Tuesday. Citigroup Inc. has a 52-week low of $53.51 and a 52-week high of $84.74. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.52. The firm's fifty day moving average is $72.93 and its 200 day moving average is $73.33. The company has a market cap of $148.34 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 0.60 and a beta of 1.33.

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

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 5th were paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend was Monday, May 5th. Citigroup's payout ratio is 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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