Citigroup Inc. (NYSE:C) Shares Purchased by Triglav Skladi D.O.O.

Key Points

• Triglav Skladi D.O.O. increased its stake in Citigroup by 132.1% during the first quarter, acquiring an additional 63,000 shares, bringing its total holdings to 110,674 shares valued at approximately $7.86 million.
• Citigroup's recent earnings report showed a Q2 EPS of $1.96, surpassing analysts' expectations of $1.61, and revenue of $21.67 billion, up 8.2% year-over-year.
• Citigroup announced a dividend increase to $0.60 per share, payable on August 22, raising its annualized dividend to $2.40, which represents a yield of 2.5%.

Triglav Skladi D.O.O. grew its stake in Citigroup Inc. (NYSE:C - Free Report) by 132.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 110,674 shares of the company's stock after purchasing an additional 63,000 shares during the period. Triglav Skladi D.O.O.'s holdings in Citigroup were worth $7,857,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Capital World Investors increased its stake in shares of Citigroup by 455.2% in the 4th quarter. Capital World Investors now owns 31,352,582 shares of the company's stock worth $2,206,908,000 after acquiring an additional 25,705,141 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Citigroup by 179.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 14,534,297 shares of the company's stock worth $1,031,790,000 after acquiring an additional 9,334,038 shares during the last quarter. Nuveen LLC purchased a new position in shares of Citigroup during the 1st quarter worth $578,100,000. Capital International Investors grew its holdings in shares of Citigroup by 148.6% during the 4th quarter. Capital International Investors now owns 4,524,890 shares of the company's stock worth $318,507,000 after purchasing an additional 2,704,783 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of Citigroup by 13.9% during the 4th quarter. Northern Trust Corp now owns 20,232,550 shares of the company's stock worth $1,424,169,000 after purchasing an additional 2,467,958 shares during the period. Hedge funds and other institutional investors own 71.72% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Barclays raised their target price on Citigroup from $95.00 to $100.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Morgan Stanley boosted their target price on Citigroup from $103.00 to $107.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Bank of America boosted their price target on Citigroup from $89.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, June 26th. Wall Street Zen raised Citigroup from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Finally, Evercore ISI set a $77.00 price target on Citigroup in a report on Monday, July 7th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $96.54.

Insider Activity

In other news, Director Peter B. Henry sold 3,000 shares of the stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total value of $271,200.00. Following the completion of the sale, the director owned 2,140 shares in the company, valued at $193,456. This represents a 58.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.08% of the stock is owned by insiders.

Citigroup Stock Performance

C opened at $95.67 on Wednesday. The business has a fifty day simple moving average of $86.78 and a 200-day simple moving average of $77.55. The firm has a market cap of $176.12 billion, a PE ratio of 14.13, a P/E/G ratio of 0.79 and a beta of 1.38. Citigroup Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $96.90. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.61.

Citigroup (NYSE:C - Get Free Report) last released its earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.61 by $0.35. The company had revenue of $21.67 billion during the quarter, compared to analyst estimates of $20.75 billion. Citigroup had a return on equity of 7.29% and a net margin of 8.44%. The company's revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.52 earnings per share. As a group, equities analysts predict that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Increases Dividend

The firm also recently announced 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. The ex-dividend date 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 2.5%. Citigroup's dividend payout ratio is currently 35.45%.

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.

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