Commerzbank Aktiengesellschaft FI Increases Stock Position in Citigroup Inc. (NYSE:C)

Commerzbank Aktiengesellschaft FI boosted its holdings in Citigroup Inc. (NYSE:C - Free Report) by 31.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 26,434 shares of the company's stock after buying an additional 6,293 shares during the period. Commerzbank Aktiengesellschaft FI's holdings in Citigroup were worth $1,877,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Orion Capital Management LLC purchased a new position in Citigroup in the fourth quarter worth about $28,000. MorganRosel Wealth Management LLC purchased a new position in shares of Citigroup during the first quarter valued at approximately $28,000. American National Bank & Trust purchased a new position in shares of Citigroup during the first quarter valued at approximately $29,000. Mascagni Wealth Management Inc. bought a new stake in shares of Citigroup during the fourth quarter valued at approximately $34,000. Finally, Cornerstone Planning Group LLC raised its stake in Citigroup by 68.2% in the first quarter. Cornerstone Planning Group LLC now owns 577 shares of the company's stock worth $38,000 after buying an additional 234 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company's stock.

Insider Buying and Selling at Citigroup

In other news, Director John Cunningham Dugan sold 4,417 shares of Citigroup stock in a transaction on 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 sale, the director directly owned 13,048 shares of the company's stock, valued at approximately $890,656.48. The trade was a 25.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Peter B. Henry sold 3,000 shares of Citigroup stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total transaction of $271,200.00. Following the sale, the director directly owned 2,140 shares of the company's stock, valued at approximately $193,456. This trade represents a 58.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.08% of the company's stock.

Analyst Ratings Changes

C has been the subject of a number of recent research reports. Cowen initiated coverage on shares of Citigroup in a research note on Wednesday, May 14th. They issued a "hold" rating for the company. Oppenheimer set a $123.00 target price on Citigroup and gave the company an "outperform" rating in a research report on Wednesday. Piper Sandler upped their price target on shares of Citigroup from $84.00 to $104.00 and gave the company an "overweight" rating in a report on Wednesday. Bank of America upped their price target on shares of Citigroup from $89.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, June 26th. Finally, Wells Fargo & Company increased their target price on shares of Citigroup from $110.00 to $115.00 and gave the stock an "overweight" rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $96.46.

Citigroup Price Performance

C stock traded up $0.35 during mid-day trading on Friday, reaching $93.44. The company's stock had a trading volume of 16,590,582 shares, compared to its average volume of 14,675,319. The company's 50 day moving average is $79.99 and its two-hundred day moving average is $75.29. The stock has a market cap of $174.52 billion, a PE ratio of 13.75, a P/E/G ratio of 0.68 and a beta of 1.34. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 1.61. Citigroup Inc. has a fifty-two week low of $53.51 and a fifty-two week high of $93.79.

Citigroup (NYSE:C - Get Free Report) last announced 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. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. The business had revenue of $21.67 billion during the quarter, compared to the consensus estimate of $20.75 billion. During the same quarter last year, the firm earned $1.52 EPS. The business's revenue was up 8.2% compared to the same quarter last year. Equities research analysts expect that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Monday, August 4th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.57%. The ex-dividend date is Monday, August 4th. This is an increase from Citigroup's previous quarterly dividend of $0.56. Citigroup's dividend payout ratio (DPR) is 33.09%.

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.