Y Intercept Hong Kong Ltd Has $9.09 Million Stake in Citigroup Inc. (NYSE:C)

Y Intercept Hong Kong Ltd increased its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 129.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 127,990 shares of the company's stock after acquiring an additional 72,219 shares during the period. Citigroup comprises about 0.6% of Y Intercept Hong Kong Ltd's investment portfolio, making the stock its 12th biggest position. Y Intercept Hong Kong Ltd's holdings in Citigroup were worth $9,086,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Ignite Planners LLC boosted its position in Citigroup by 1.7% in the first quarter. Ignite Planners LLC now owns 16,905 shares of the company's stock valued at $1,152,000 after buying an additional 285 shares in the last quarter. Gries Financial LLC boosted its position in Citigroup by 3.8% in the first quarter. Gries Financial LLC now owns 6,213 shares of the company's stock valued at $441,000 after buying an additional 228 shares in the last quarter. Crestwood Advisors Group LLC boosted its position in Citigroup by 14.2% in the first quarter. Crestwood Advisors Group LLC now owns 10,818 shares of the company's stock valued at $768,000 after buying an additional 1,345 shares in the last quarter. Edgemoor Investment Advisors Inc. boosted its position in Citigroup by 3.8% in the first quarter. Edgemoor Investment Advisors Inc. now owns 143,950 shares of the company's stock valued at $10,219,000 after buying an additional 5,295 shares in the last quarter. Finally, Los Angeles Capital Management LLC boosted its position in Citigroup by 2,152.4% in the first quarter. Los Angeles Capital Management LLC now owns 215,333 shares of the company's stock valued at $15,286,000 after buying an additional 205,773 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Citigroup

In other news, Director John Cunningham Dugan sold 4,417 shares of the company's stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total value of $301,504.42. Following the completion of the transaction, the director owned 13,048 shares in the company, valued at $890,656.48. This represents a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Peter B. Henry sold 3,000 shares of the company's stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total transaction of $271,200.00. Following the completion of the transaction, the director owned 2,140 shares of the company's stock, valued at $193,456. This trade represents a 58.37% decrease in their position. The disclosure for this sale can be found here. 0.08% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Barclays boosted their target price on shares of Citigroup from $95.00 to $100.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Morgan Stanley boosted their target price on shares of Citigroup from $103.00 to $107.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. The Goldman Sachs Group boosted their target price on shares of Citigroup from $85.00 to $96.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Piper Sandler boosted their target price on shares of Citigroup from $84.00 to $104.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Finally, Keefe, Bruyette & Woods reaffirmed a "buy" rating on shares of Citigroup in a research note on Wednesday, July 16th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $96.46.

Citigroup Trading Down 0.5%

NYSE:C traded down $0.44 during trading hours on Friday, hitting $94.96. The stock had a trading volume of 5,048,526 shares, compared to its average volume of 15,894,736. Citigroup Inc. has a one year low of $53.51 and a one year high of $96.90. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.98 and a current ratio of 0.99. The company has a market cap of $177.35 billion, a price-to-earnings ratio of 14.02, a P/E/G ratio of 0.83 and a beta of 1.34. The business's 50 day moving average is $81.96 and its 200-day moving average is $76.09.

Citigroup (NYSE:C - Get Free Report) last issued its earnings results on Tuesday, July 15th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.61 by $0.35. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. The firm had revenue of $21.67 billion during the quarter, compared to the consensus estimate of $20.75 billion. During the same quarter in the prior year, the firm earned $1.52 earnings per share. The business's quarterly revenue was up 8.2% on a year-over-year basis. Sell-side analysts anticipate 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 issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Monday, August 4th. This is a boost from Citigroup's previous quarterly dividend of $0.56. Citigroup's dividend payout ratio is 33.09%.

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.