Robeco Institutional Asset Management B.V. Grows Stake in Citigroup Inc. (NYSE:C)

Robeco Institutional Asset Management B.V. raised its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 8.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,889,546 shares of the company's stock after acquiring an additional 153,806 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.10% of Citigroup worth $134,139,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in Citigroup by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 40,587,155 shares of the company's stock valued at $2,853,484,000 after acquiring an additional 667,357 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Citigroup by 2.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 38,561,690 shares of the company's stock valued at $2,714,359,000 after purchasing an additional 815,003 shares in the last quarter. FMR LLC boosted its position in shares of Citigroup by 29.7% during the fourth quarter. FMR LLC now owns 34,362,176 shares of the company's stock valued at $2,418,754,000 after buying an additional 7,863,718 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Citigroup by 9.3% during the fourth quarter. Franklin Resources Inc. now owns 32,832,063 shares of the company's stock valued at $2,311,048,000 after buying an additional 2,804,850 shares during the last quarter. Finally, Capital World Investors grew its holdings in Citigroup by 455.2% during the fourth 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 in the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

C has been the topic of a number of analyst reports. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $92.00 price objective (down from $96.00) on shares of Citigroup in a report on Wednesday, April 16th. Truist Financial cut their price target on shares of Citigroup from $84.00 to $79.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. TD Cowen started coverage on shares of Citigroup in a research report on Thursday, May 15th. They issued a "hold" rating and a $83.00 price objective for the company. The Goldman Sachs Group reissued a "buy" rating on shares of Citigroup in a research report on Tuesday. Finally, Wall Street Zen raised Citigroup from a "sell" rating to a "hold" rating in a report on Sunday, June 1st. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Citigroup currently has an average rating of "Moderate Buy" and a consensus price target of $84.03.

Insider Activity at Citigroup

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of Citigroup stock in a transaction dated Wednesday, April 30th. The stock was 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 of the company's stock, valued at $890,656.48. The trade was a 25.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.08% of the stock is currently owned by corporate insiders.

Citigroup Stock Performance

NYSE:C traded up $1.83 during trading hours on Thursday, reaching $84.46. The stock had a trading volume of 18,553,929 shares, compared to its average volume of 14,542,740. The stock has a market cap of $157.75 billion, a P/E ratio of 13.34, a price-to-earnings-growth ratio of 0.63 and a beta of 1.33. The stock has a 50 day simple moving average of $73.68 and a 200 day simple moving average of $73.45. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.98 and a current ratio of 0.98. Citigroup Inc. has a 12-month low of $53.51 and a 12-month high of $84.78.

Citigroup (NYSE:C - Get Free Report) last posted its quarterly 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 return on equity of 6.94% and a net margin of 7.95%. The company had revenue of $21.60 billion during the quarter, compared to the consensus estimate of $21.34 billion. On average, research analysts forecast that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 5th were given a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend was Monday, May 5th. Citigroup's dividend payout ratio (DPR) is currently 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.