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Citigroup Inc. (NYSE:C) Shares Sold by Hosking Partners LLP

Citigroup logo with Financial Services background

Key Points

  • Hosking Partners LLP has reduced its holdings in Citigroup by 1.6%, making Citigroup 3.7% of its investment portfolio and the firm's second-largest position, with 1,220,309 shares valued at approximately $86.6 million.
  • Citigroup recently reported an earnings per share of $1.96, exceeding analysts' expectations, and has raised its quarterly dividend to $0.60 per share, reflecting a 2.6% dividend yield.
  • Various analysts have provided mixed ratings on Citigroup, with six giving a "hold" rating and ten issuing a "buy" rating, leading to a consensus rating of "Moderate Buy" with a price target of $96.54.
  • Want stock alerts on Citigroup? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Hosking Partners LLP lessened its stake in Citigroup Inc. (NYSE:C - Free Report) by 1.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,220,309 shares of the company's stock after selling 19,927 shares during the quarter. Citigroup accounts for approximately 3.7% of Hosking Partners LLP's holdings, making the stock its 2nd biggest position. Hosking Partners LLP owned approximately 0.06% of Citigroup worth $86,630,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of C. Orion Capital Management LLC bought a new stake in shares of Citigroup during the 4th quarter valued at about $28,000. MorganRosel Wealth Management LLC purchased a new position in Citigroup in the 1st quarter worth approximately $28,000. Accent Capital Management LLC raised its holdings in shares of Citigroup by 106.0% during the 1st quarter. Accent Capital Management LLC now owns 412 shares of the company's stock worth $29,000 after acquiring an additional 212 shares in the last quarter. American National Bank & Trust purchased a new stake in shares of Citigroup during the 1st quarter worth approximately $29,000. Finally, Mascagni Wealth Management Inc. purchased a new stake in shares of Citigroup during the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 71.72% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on C. Wells Fargo & Company increased their price target on Citigroup from $110.00 to $115.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Morgan Stanley increased their price target on Citigroup from $103.00 to $107.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Barclays raised their price objective on Citigroup from $95.00 to $100.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Truist Financial raised their price target on Citigroup from $93.00 to $99.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Finally, Bank of America raised their price objective on Citigroup from $89.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, June 26th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $96.54.

Get Our Latest Stock Analysis on Citigroup

Insider Activity

In other news, Director Peter B. Henry sold 3,000 shares of the business's stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total value of $271,200.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.08% of the company's stock.

Citigroup Stock Performance

NYSE:C traded up $1.56 during mid-day trading on Friday, reaching $92.79. 10,764,944 shares of the stock were exchanged, compared to its average volume of 17,127,052. The company has a 50 day simple moving average of $86.07 and a 200-day simple moving average of $77.34. The stock has a market capitalization of $170.82 billion, a P/E ratio of 13.71, a P/E/G ratio of 0.80 and a beta of 1.38. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.61. 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 quarterly earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.61 by $0.35. The firm had revenue of $21.67 billion for the quarter, compared to the consensus estimate of $20.75 billion. Citigroup had a return on equity of 7.29% and a net margin of 8.44%. The firm's quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.52 EPS. Analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current fiscal 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 issued a $0.60 dividend. The ex-dividend date of this dividend is Monday, August 4th. This is an increase from Citigroup's previous quarterly dividend of $0.56. 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%.

Citigroup 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.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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