Gordian Capital Singapore Pte Ltd Grows Stake in Citigroup Inc. (NYSE:C)

Gordian Capital Singapore Pte Ltd grew its position in Citigroup Inc. (NYSE:C - Free Report) by 60.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,600 shares of the company's stock after buying an additional 9,640 shares during the quarter. Citigroup accounts for 0.9% of Gordian Capital Singapore Pte Ltd's holdings, making the stock its 25th largest holding. Gordian Capital Singapore Pte Ltd's holdings in Citigroup were worth $1,802,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Core Alternative Capital grew its holdings in Citigroup by 83.4% during the 4th quarter. Core Alternative Capital now owns 376 shares of the company's stock worth $26,000 after acquiring an additional 171 shares in the last quarter. Orion Capital Management LLC purchased a new position in shares of Citigroup in the 4th quarter valued at $28,000. Creative Capital Management Investments LLC bought a new stake in Citigroup during the fourth quarter valued at about $35,000. Webster Bank N. A. grew its stake in Citigroup by 150.0% in the fourth quarter. Webster Bank N. A. now owns 500 shares of the company's stock valued at $35,000 after purchasing an additional 300 shares during the last quarter. Finally, Sierra Ocean LLC bought a new position in Citigroup in the fourth quarter worth about $37,000. Institutional investors own 71.72% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on C. Morgan Stanley cut their price objective on shares of Citigroup from $110.00 to $109.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. 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. Royal Bank of Canada lowered their price objective on Citigroup from $85.00 to $78.00 and set an "outperform" rating for the company in a research report on Wednesday, April 16th. JPMorgan Chase & Co. reduced their target price on Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Finally, TD Cowen began coverage on Citigroup in a research note on Thursday, May 15th. They set a "hold" rating and a $83.00 price target on the stock. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Citigroup has a consensus rating of "Moderate Buy" and a consensus target price of $83.97.

Citigroup Trading Down 3.2%

Shares of Citigroup stock opened at $73.44 on Thursday. The stock has a market cap of $137.17 billion, a PE ratio of 12.34, a price-to-earnings-growth ratio of 0.64 and a beta of 1.30. The firm has a fifty day moving average price of $68.55 and a 200 day moving average price of $72.10. Citigroup Inc. has a 1 year low of $53.51 and a 1 year high of $84.74. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.96 and a quick ratio of 0.96.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 earnings per share for the quarter, beating analysts' consensus estimates of $1.84 by $0.12. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. The business had revenue of $21.60 billion during the quarter, compared to analyst estimates of $21.34 billion. Equities research analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Monday, May 5th will be given a $0.56 dividend. The ex-dividend date of this dividend is Monday, May 5th. This represents a $2.24 annualized dividend and a yield of 3.05%. Citigroup's dividend payout ratio is presently 35.39%.

Insiders Place Their Bets

In other news, Director John Cunningham Dugan sold 4,417 shares of the firm's 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 sale, the director now directly owns 13,048 shares in the company, valued at $890,656.48. This trade represents a 25.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.08% of the company's stock.

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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