Czech National Bank Buys 21,077 Shares of Citigroup Inc. (NYSE:C)

Czech National Bank lifted its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 5.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 431,141 shares of the company's stock after purchasing an additional 21,077 shares during the period. Czech National Bank's holdings in Citigroup were worth $30,607,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Norges Bank acquired a new stake in shares of Citigroup during the 4th quarter worth $1,935,599,000. Capital World Investors increased its holdings in shares of Citigroup by 455.2% during the 4th quarter. Capital World Investors now owns 31,352,582 shares of the company's stock worth $2,206,908,000 after buying an additional 25,705,141 shares during the last quarter. FMR LLC raised its stake in shares of Citigroup by 29.7% in the 4th quarter. FMR LLC now owns 34,362,176 shares of the company's stock valued at $2,418,754,000 after acquiring an additional 7,863,718 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Citigroup during the 4th quarter valued at about $198,231,000. Finally, Franklin Resources Inc. increased its stake in Citigroup by 9.3% during the 4th quarter. Franklin Resources Inc. now owns 32,832,063 shares of the company's stock worth $2,311,048,000 after buying an additional 2,804,850 shares during the period. 71.72% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Citigroup

In related news, Director John Cunningham Dugan sold 4,417 shares of the business'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 transaction of $301,504.42. Following the completion of the sale, the director now directly owns 13,048 shares of the company's stock, valued at $890,656.48. The trade was a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.08% of the company's stock.

Wall Street Analysts Forecast Growth

C has been the subject of several research reports. Wall Street Zen raised shares of Citigroup from a "sell" rating to a "hold" rating in a report on Sunday. Cowen began coverage on shares of Citigroup in a research note on Wednesday, May 14th. They set a "hold" rating for the company. Oppenheimer reissued an "outperform" rating on shares of Citigroup in a research note on Tuesday, May 20th. Truist Financial reduced their target price on shares of Citigroup from $84.00 to $79.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Finally, TD Cowen began coverage on shares of Citigroup in a research note on Thursday, May 15th. They set a "hold" rating and a $83.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $83.97.

Citigroup Stock Up 1.0%

Shares of C traded up $0.74 during mid-day trading on Tuesday, hitting $76.54. 9,794,940 shares of the company's stock were exchanged, compared to its average volume of 14,540,074. The firm has a fifty day moving average of $68.94 and a two-hundred day moving average of $72.55. Citigroup Inc. has a twelve month low of $53.51 and a twelve month high of $84.74. The stock has a market cap of $142.96 billion, a price-to-earnings ratio of 12.86, a P/E/G ratio of 0.64 and a beta of 1.30. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.50.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $21.34 billion. On average, sell-side analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Monday, May 5th were paid a dividend of $0.56 per share. The ex-dividend date was Monday, May 5th. This represents a $2.24 annualized dividend and a yield of 2.93%. Citigroup's dividend payout ratio is 35.39%.

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.