Cwm LLC Grows Stock Position in Citigroup Inc. (NYSE:C)

Cwm LLC lifted its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 32.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 131,220 shares of the company's stock after purchasing an additional 32,272 shares during the quarter. Cwm LLC's holdings in Citigroup were worth $9,315,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. American Century Companies Inc. increased its position in shares of Citigroup by 3.4% in the fourth quarter. American Century Companies Inc. now owns 352,948 shares of the company's stock valued at $24,844,000 after buying an additional 11,674 shares in the last quarter. Invesco Ltd. increased its position in shares of Citigroup by 13.8% in the fourth quarter. Invesco Ltd. now owns 16,247,095 shares of the company's stock valued at $1,143,633,000 after buying an additional 1,970,300 shares in the last quarter. Brighton Jones LLC increased its position in shares of Citigroup by 166.9% in the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock valued at $1,407,000 after buying an additional 12,499 shares in the last quarter. Onyx Bridge Wealth Group LLC purchased a new position in shares of Citigroup in the first quarter valued at $214,000. Finally, Pinnacle Financial Partners Inc boosted its stake in shares of Citigroup by 495.1% during the first quarter. Pinnacle Financial Partners Inc now owns 18,554 shares of the company's stock valued at $1,317,000 after acquiring an additional 15,436 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company's stock.

Analyst Upgrades and Downgrades

C has been the topic of a number of research analyst reports. Oppenheimer reissued an "outperform" rating on shares of Citigroup in a research note on Monday, July 7th. Cowen initiated coverage on Citigroup in a research note on Wednesday, May 14th. They issued a "hold" rating on the stock. Piper Sandler reissued an "overweight" rating and issued a $77.00 price target (down from $83.00) on shares of Citigroup in a research note on Wednesday, April 16th. Wall Street Zen lowered Citigroup from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. Finally, Truist Financial raised their price target on Citigroup from $84.00 to $93.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $87.89.

Insiders Place Their Bets

In other news, Director John Cunningham Dugan sold 4,417 shares of the business's stock in a transaction 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 sale, the director owned 13,048 shares in the company, valued at approximately $890,656.48. The trade was a 25.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.08% of the stock is owned by corporate insiders.

Citigroup Price Performance

NYSE C opened at $87.50 on Tuesday. The company has a 50 day simple moving average of $78.74 and a 200-day simple moving average of $74.92. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market capitalization of $163.42 billion, a price-to-earnings ratio of 13.82, a price-to-earnings-growth ratio of 0.67 and a beta of 1.34. Citigroup Inc. has a 52-week low of $53.51 and a 52-week high of $88.83.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.12. The firm had revenue of $21.60 billion for the quarter, compared to analyst estimates of $21.34 billion. Citigroup had a net margin of 7.95% and a return on equity of 6.94%. Equities research analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The firm also recently declared 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. This represents a $2.40 dividend on an annualized basis and a yield of 2.74%. This is an increase from Citigroup's previous quarterly dividend of $0.56. Citigroup's payout ratio is currently 35.39%.

About Citigroup

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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