Citigroup Inc. (NYSE:C) is Thornburg Investment Management Inc.'s 3rd Largest Position

Thornburg Investment Management Inc. boosted its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 6.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,896,725 shares of the company's stock after purchasing an additional 452,840 shares during the quarter. Citigroup comprises 7.3% of Thornburg Investment Management Inc.'s portfolio, making the stock its 3rd biggest holding. Thornburg Investment Management Inc. owned 0.42% of Citigroup worth $555,850,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. American Century Companies Inc. increased its stake in Citigroup by 3.4% in the 4th quarter. American Century Companies Inc. now owns 352,948 shares of the company's stock worth $24,844,000 after acquiring an additional 11,674 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Citigroup by 13.8% in the fourth quarter. Invesco Ltd. now owns 16,247,095 shares of the company's stock valued at $1,143,633,000 after purchasing an additional 1,970,300 shares in the last quarter. Candriam S.C.A. increased its position in Citigroup by 12.7% in the fourth quarter. Candriam S.C.A. now owns 200,860 shares of the company's stock worth $14,139,000 after purchasing an additional 22,657 shares during the last quarter. Brighton Jones LLC raised its stake in Citigroup by 166.9% during the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock valued at $1,407,000 after purchasing an additional 12,499 shares in the last quarter. Finally, Foundations Investment Advisors LLC lifted its position in Citigroup by 22.3% during the fourth quarter. Foundations Investment Advisors LLC now owns 319,669 shares of the company's stock valued at $22,502,000 after purchasing an additional 58,204 shares during the last quarter. Institutional investors own 71.72% of the company's stock.

Citigroup Trading Down 3.2%

C stock traded down $2.46 during midday trading on Wednesday, reaching $73.44. The company's stock had a trading volume of 17,137,591 shares, compared to its average volume of 14,527,570. Citigroup Inc. has a 1 year low of $53.51 and a 1 year high of $84.74. The firm has a market capitalization of $137.17 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 0.64 and a beta of 1.30. The stock has a fifty day simple moving average of $68.46 and a two-hundred day simple moving average of $72.09. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 0.96.

Citigroup (NYSE:C - Get Free Report) last posted its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 EPS for the quarter, topping analysts' consensus estimates of $1.84 by $0.12. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. The firm had revenue of $21.60 billion for the quarter, compared to analysts' expectations of $21.34 billion. On average, equities research analysts predict that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Monday, May 5th will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date is Monday, May 5th. Citigroup's dividend payout ratio (DPR) is presently 35.39%.

Analyst Upgrades and Downgrades

C has been the topic of a number of research reports. JPMorgan Chase & Co. reduced their target price on shares of Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $92.00 price objective (down from $96.00) on shares of Citigroup in a research note on Wednesday, April 16th. Piper Sandler reaffirmed an "overweight" rating and issued a $77.00 price objective (down from $83.00) on shares of Citigroup in a research note on Wednesday, April 16th. TD Cowen began coverage on Citigroup in a report on Thursday, May 15th. They issued a "hold" rating and a $83.00 target price for the company. Finally, Evercore ISI cut their target price on Citigroup from $79.00 to $76.00 and set an "in-line" rating on the stock in a research report on Tuesday, April 1st. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $83.97.

Insider Activity

In other news, Director John Cunningham Dugan sold 4,417 shares of the stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total transaction 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.08% of the company's stock.

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.