Caisse Des Depots ET Consignations reduced its position in Citigroup Inc. (NYSE:C - Free Report) by 63.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,936 shares of the company's stock after selling 5,087 shares during the quarter. Caisse Des Depots ET Consignations' holdings in Citigroup were worth $208,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Citigroup by 10.8% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,347,540 shares of the company's stock worth $237,642,000 after acquiring an additional 324,987 shares in the last quarter. Y.D. More Investments Ltd increased its position in shares of Citigroup by 9.3% during the first quarter. Y.D. More Investments Ltd now owns 3,831 shares of the company's stock valued at $272,000 after acquiring an additional 325 shares during the last quarter. CenterBook Partners LP purchased a new stake in shares of Citigroup during the first quarter valued at approximately $1,364,000. Arjuna Capital purchased a new stake in shares of Citigroup during the first quarter valued at approximately $1,246,000. Finally, Headlands Technologies LLC increased its position in Citigroup by 62.2% in the first quarter. Headlands Technologies LLC now owns 11,859 shares of the company's stock worth $842,000 after buying an additional 4,547 shares during the last quarter. Institutional investors own 71.72% of the company's stock.
Analysts Set New Price Targets
C has been the subject of a number of analyst reports. UBS Group reaffirmed a "neutral" rating and issued a $89.00 price target on shares of Citigroup in a report on Tuesday, July 15th. Wall Street Zen upgraded Citigroup from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. The Goldman Sachs Group boosted their target price on Citigroup from $85.00 to $96.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Piper Sandler boosted their target price on Citigroup from $84.00 to $104.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Finally, Oppenheimer boosted their target price on Citigroup from $123.00 to $124.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, Citigroup currently has an average rating of "Moderate Buy" and an average price target of $96.54.
View Our Latest Research Report on C
Citigroup Trading Up 1.7%
Shares of NYSE C traded up $1.56 during midday trading on Friday, reaching $92.79. The company had a trading volume of 10,764,944 shares, compared to its average volume of 17,101,220. Citigroup Inc. has a one year low of $55.51 and a one year high of $96.90. 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 firm's fifty day moving average price is $86.07 and its 200-day moving average price is $77.38. The stock has a market cap of $170.82 billion, a PE ratio of 13.71, a price-to-earnings-growth ratio of 0.80 and a beta of 1.38.
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, beating analysts' consensus estimates of $1.61 by $0.35. Citigroup had a return on equity of 7.29% and a net margin of 8.44%. The company had revenue of $21.67 billion during the quarter, compared to analyst estimates of $20.75 billion. During the same quarter in the previous year, the company posted $1.52 EPS. Citigroup's revenue for the quarter was up 8.2% on a year-over-year basis. On average, equities research analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current year.
Citigroup Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Monday, August 4th will be paid a $0.60 dividend. This is a boost from Citigroup's previous quarterly dividend of $0.56. The ex-dividend date of this dividend is Monday, August 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.6%. Citigroup's dividend payout ratio is presently 35.45%.
Insider Buying and Selling at Citigroup
In related news, Director Peter B. Henry sold 3,000 shares of Citigroup stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total value of $271,200.00. Following the sale, the director owned 2,140 shares in the company, valued at $193,456. The trade was a 58.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.08% of the company's stock.
Citigroup Company Profile
(
Free Report)
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.
See Also

Before you consider Citigroup, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Citigroup wasn't on the list.
While Citigroup currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.