Citigroup Inc. (NYSE:C) Shares Bought by Deutsche Bank AG

Key Points

• Deutsche Bank AG increased its stake in Citigroup Inc. by 7.9%, owning 6,644,707 shares valued at approximately $471.7 million by the end of the quarter.
• Citigroup announced a quarterly dividend of $0.60 per share, up from the previous $0.56, representing an annualized dividend yield of 2.6%.
• Analysts have mixed ratings for Citigroup, with ten buy ratings and six hold ratings, along with a consensus target price of $96.54, reflecting a moderate buy outlook.

Deutsche Bank AG lifted its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 7.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,644,707 shares of the company's stock after buying an additional 485,072 shares during the quarter. Deutsche Bank AG owned about 0.35% of Citigroup worth $471,708,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. True Wealth Design LLC grew its holdings in shares of Citigroup by 11.1% during the fourth quarter. True Wealth Design LLC now owns 1,195 shares of the company's stock worth $84,000 after buying an additional 119 shares in the last quarter. Continuum Advisory LLC boosted its position in Citigroup by 1.9% during the fourth quarter. Continuum Advisory LLC now owns 6,519 shares of the company's stock worth $459,000 after acquiring an additional 120 shares during the last quarter. Solitude Financial Services grew its stake in Citigroup by 0.9% in the 1st quarter. Solitude Financial Services now owns 16,496 shares of the company's stock worth $1,171,000 after acquiring an additional 140 shares during the period. Insight Inv LLC raised its holdings in Citigroup by 0.5% in the 1st quarter. Insight Inv LLC now owns 27,268 shares of the company's stock valued at $1,936,000 after acquiring an additional 146 shares during the last quarter. Finally, Trust Co. of Vermont raised its holdings in Citigroup by 14.3% in the 1st quarter. Trust Co. of Vermont now owns 1,196 shares of the company's stock valued at $85,000 after acquiring an additional 150 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Royal Bank Of Canada lowered their price objective on Citigroup from $85.00 to $78.00 and set an "outperform" rating for the company in a research report on Wednesday, April 16th. Truist Financial increased their price objective on shares of Citigroup from $93.00 to $99.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Oppenheimer boosted their target price on shares of Citigroup from $123.00 to $124.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Cowen started coverage on shares of Citigroup in a research report on Wednesday, May 14th. They set a "hold" rating for the company. Finally, The Goldman Sachs Group lifted their price target on shares of Citigroup from $85.00 to $96.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $96.54.

Citigroup Price Performance

C opened at $92.24 on Thursday. Citigroup Inc. has a twelve month low of $55.51 and a twelve month high of $96.90. The firm has a market cap of $172.28 billion, a price-to-earnings ratio of 13.63, a PEG ratio of 0.79 and a beta of 1.38. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 1.61. The company has a fifty day simple moving average of $85.40 and a 200 day simple moving average of $77.25.

Citigroup (NYSE:C - Get Free Report) last announced its earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $20.75 billion. During the same period last year, the firm earned $1.52 earnings per share. The company's revenue was up 8.2% on a year-over-year basis. Equities research analysts expect that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Monday, August 4th will be given a dividend of $0.60 per share. 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 35.45%.

Insider Buying and Selling at Citigroup

In other news, Director Peter B. Henry sold 3,000 shares of the stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total transaction of $271,200.00. Following the transaction, the director 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 sale 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 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.

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