Citigroup Inc. (NYSE:C) Shares Purchased by Breakwater Capital Group

Breakwater Capital Group increased its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 27.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,299 shares of the company's stock after purchasing an additional 3,911 shares during the quarter. Breakwater Capital Group's holdings in Citigroup were worth $1,299,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. American Century Companies Inc. lifted 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 valued at $24,844,000 after acquiring an additional 11,674 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Citigroup by 13.8% during the 4th quarter. Invesco Ltd. now owns 16,247,095 shares of the company's stock worth $1,143,633,000 after acquiring an additional 1,970,300 shares during the last quarter. Candriam S.C.A. raised its position in shares of Citigroup by 12.7% in the fourth quarter. Candriam S.C.A. now owns 200,860 shares of the company's stock valued at $14,139,000 after purchasing an additional 22,657 shares during the period. Brighton Jones LLC boosted its holdings in shares of Citigroup by 166.9% during the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock worth $1,407,000 after acquiring an additional 12,499 shares during the period. Finally, Unified Investment Management acquired a new position in Citigroup in the 4th quarter valued at $658,000. Institutional investors and hedge funds own 71.72% of the company's stock.

Citigroup Price Performance

NYSE C traded up $1.65 during mid-day trading on Friday, hitting $78.32. The stock had a trading volume of 11,514,514 shares, compared to its average volume of 14,550,631. The stock has a market capitalization of $146.28 billion, a price-to-earnings ratio of 13.16, a PEG ratio of 0.64 and a beta of 1.33. The firm's 50 day moving average is $69.27 and its 200 day moving average is $72.66. Citigroup Inc. has a twelve month low of $53.51 and a twelve month high of $84.74. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.96 and a quick ratio of 0.96.

Citigroup (NYSE:C - Get Free Report) last announced its earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $21.34 billion. Equities research analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The business also recently declared 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. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend was Monday, May 5th. Citigroup's dividend payout ratio is currently 35.39%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on C shares. Royal Bank of Canada reduced their price objective on shares of Citigroup from $85.00 to $78.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 16th. JPMorgan Chase & Co. dropped their price objective on shares of Citigroup from $85.50 to $75.50 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Wall Street Zen raised Citigroup from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st. Piper Sandler reaffirmed an "overweight" rating and set a $77.00 price target (down previously from $83.00) on shares of Citigroup in a research report on Wednesday, April 16th. Finally, Evercore ISI lowered their price objective on shares of Citigroup from $79.00 to $76.00 and set an "in-line" rating for the company in a research note on Tuesday, April 1st. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $83.97.

Insider Activity

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of Citigroup stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total transaction of $301,504.42. Following the completion of the transaction, the director now owns 13,048 shares in the company, valued at approximately $890,656.48. The trade was a 25.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate 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.