Citigroup Inc. (NYSE:C) Shares Purchased by Citigroup Inc.

Key Points

• Citigroup Inc. increased its stock holdings by 77.3% in Q1, owning approximately 1.66 million shares worth $117.75 million, according to its Form 13F filing.
• A variety of institutional investors have also significantly increased their stakes, with Goldman Sachs raising its holdings by 179.5% in the first quarter.
• Citigroup announced an increase in its quarterly dividend to $0.60 per share, representing a yield of 2.6%, with the ex-dividend date set for August 4th.

Citigroup Inc. increased its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 77.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,658,685 shares of the company's stock after purchasing an additional 722,930 shares during the quarter. Citigroup Inc. owned approximately 0.09% of Citigroup worth $117,750,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in C. Price T Rowe Associates Inc. MD boosted its stake in Citigroup by 2.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 38,561,690 shares of the company's stock worth $2,714,359,000 after buying an additional 815,003 shares during the last quarter. Capital World Investors boosted its position in shares of Citigroup by 455.2% in the fourth 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. Northern Trust Corp boosted its position in shares of Citigroup by 13.9% in the fourth quarter. Northern Trust Corp now owns 20,232,550 shares of the company's stock worth $1,424,169,000 after acquiring an additional 2,467,958 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Citigroup by 179.5% in the first quarter. Goldman Sachs Group Inc. now owns 14,534,297 shares of the company's stock valued at $1,031,790,000 after purchasing an additional 9,334,038 shares during the period. Finally, Nuveen Asset Management LLC increased its position in Citigroup by 0.3% during the fourth quarter. Nuveen Asset Management LLC now owns 13,454,775 shares of the company's stock worth $947,082,000 after purchasing an additional 46,646 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company's stock.

Insider Transactions at Citigroup

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of the company's stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total transaction of $271,200.00. Following 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 sale was disclosed in a filing with the SEC, which is available through this link. 0.08% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on C shares. Truist Financial boosted their price objective on shares of Citigroup from $93.00 to $99.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. The Goldman Sachs Group boosted their price target on Citigroup from $85.00 to $96.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Bank of America upped their price target on Citigroup from $89.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, June 26th. Barclays upped their price target on Citigroup from $95.00 to $100.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Finally, Keefe, Bruyette & Woods restated 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 issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $96.54.

Citigroup Stock Up 1.7%

Shares of NYSE:C traded up $1.56 during mid-day trading on Friday, hitting $92.79. 10,764,944 shares of the company traded hands, compared to its average volume of 17,127,052. The firm has a market cap of $170.82 billion, a P/E ratio of 13.71, a PEG ratio of 0.80 and a beta of 1.38. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.99 and a current ratio of 0.99. Citigroup Inc. has a 52-week low of $55.51 and a 52-week high of $96.90. The firm's 50 day simple moving average is $86.07 and its 200 day simple moving average is $77.34.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings results on Tuesday, July 15th. The company reported $1.96 EPS for the quarter, topping 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 business had revenue of $21.67 billion for the quarter, compared to analysts' expectations of $20.75 billion. During the same quarter in the previous year, the firm posted $1.52 earnings per share. The company's revenue was up 8.2% compared to the same quarter last year. On average, equities analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Monday, August 4th will be paid a dividend of $0.60 per share. 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 annualized dividend and a yield of 2.6%. Citigroup's 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.