FUKOKU MUTUAL LIFE INSURANCE Co Has $705,000 Stock Holdings in Citigroup Inc. (NYSE:C)

FUKOKU MUTUAL LIFE INSURANCE Co trimmed its position in Citigroup Inc. (NYSE:C - Free Report) by 34.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,928 shares of the company's stock after selling 5,200 shares during the quarter. FUKOKU MUTUAL LIFE INSURANCE Co's holdings in Citigroup were worth $705,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in shares of Citigroup by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 40,587,155 shares of the company's stock worth $2,853,484,000 after buying an additional 667,357 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Citigroup by 2.2% during 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 period. FMR LLC boosted its holdings in shares of Citigroup by 29.7% during the 4th quarter. FMR LLC now owns 34,362,176 shares of the company's stock worth $2,418,754,000 after buying an additional 7,863,718 shares during the period. Franklin Resources Inc. boosted its holdings in shares of 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. Finally, Capital World Investors boosted 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 period. 71.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on C. Evercore ISI set a $77.00 target price on shares of Citigroup in a report on Monday, July 7th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $92.00 target price (down previously from $96.00) on shares of Citigroup in a report on Wednesday, April 16th. JPMorgan Chase & Co. reduced their target price on shares of Citigroup from $85.50 to $75.50 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Royal Bank Of Canada reduced their target price on shares of Citigroup from $85.00 to $78.00 and set an "outperform" rating for the company in a report on Wednesday, April 16th. Finally, Piper Sandler reissued an "overweight" rating and issued a $77.00 price objective (down previously from $83.00) on shares of Citigroup in a report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $87.89.

Insider Transactions at Citigroup

In related news, Director John Cunningham Dugan sold 4,417 shares of the company'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 transaction, the director directly owned 13,048 shares in the company, valued at $890,656.48. This represents a 25.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.08% of the stock is currently owned by corporate insiders.

Citigroup Price Performance

Shares of Citigroup stock traded down $0.35 on Friday, reaching $86.73. 10,251,072 shares of the stock were exchanged, compared to its average volume of 14,612,801. The firm's 50 day moving average is $78.40 and its 200-day moving average is $74.75. Citigroup Inc. has a one year low of $53.51 and a one year high of $88.83. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $161.99 billion, a PE ratio of 13.70, a P/E/G ratio of 0.68 and a beta of 1.34.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.84 by $0.12. The business had revenue of $21.60 billion during the quarter, compared to analysts' expectations of $21.34 billion. Citigroup had a net margin of 7.95% and a return on equity of 6.94%. As a group, analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

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.