Headlands Technologies LLC grew its position in Citigroup Inc. (NYSE:C - Free Report) by 62.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,859 shares of the company's stock after acquiring an additional 4,547 shares during the period. Headlands Technologies LLC's holdings in Citigroup were worth $842,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the company. Capital World Investors raised its position 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 purchasing an additional 25,705,141 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Citigroup by 179.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 14,534,297 shares of the company's stock worth $1,031,790,000 after purchasing an additional 9,334,038 shares during the last quarter. Capital International Investors raised its position 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 last quarter. Northern Trust Corp raised its position 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 last quarter. Finally, GAMMA Investing LLC raised its position in shares of Citigroup by 7,899.8% during the 1st quarter. GAMMA Investing LLC now owns 2,430,414 shares of the company's stock worth $172,535,000 after purchasing an additional 2,400,033 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company's stock.
Insider Buying and Selling
In related news, Director Peter B. Henry sold 3,000 shares of Citigroup stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total transaction of $271,200.00. Following the sale, the director directly owned 2,140 shares in the company, valued at $193,456. This trade represents a 58.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.08% of the stock is owned by corporate insiders.
Citigroup Stock Up 1.7%
C stock traded up $1.56 during midday trading on Friday, hitting $92.79. The company's stock had a trading volume of 10,764,944 shares, compared to its average volume of 17,127,052. 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 Inc. has a 52-week low of $55.51 and a 52-week high of $96.90. The firm has a market capitalization of $170.82 billion, a P/E ratio of 13.71, a PEG ratio of 0.80 and a beta of 1.38. The firm has a 50-day simple moving average of $86.07 and a 200-day simple moving average of $77.34.
Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings results on Tuesday, July 15th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.61 by $0.35. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. The company had revenue of $21.67 billion during the quarter, compared to analysts' expectations of $20.75 billion. During the same quarter last year, the company posted $1.52 EPS. The firm's revenue was up 8.2% compared to the same quarter last year. As a group, equities analysts forecast that Citigroup Inc. will post 7.53 EPS for the current year.
Citigroup Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Investors 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 represents a $2.40 annualized dividend and a yield of 2.6%. This is an increase from Citigroup's previous quarterly dividend of $0.56. Citigroup's dividend payout ratio (DPR) is 35.45%.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on C shares. Dbs Bank upgraded shares of Citigroup from a "hold" rating to a "moderate buy" rating in a research report on Thursday, July 17th. TD Cowen increased their price objective on shares of Citigroup from $85.00 to $95.00 and gave the company a "hold" rating in a report on Wednesday, July 16th. Royal Bank Of Canada cut their price objective 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. Evercore ISI set a $77.00 price objective on shares of Citigroup in a report on Monday, July 7th. Finally, Keefe, Bruyette & Woods reiterated a "buy" rating on shares of Citigroup in a report on Wednesday, July 16th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $96.54.
Check Out Our Latest Research Report on Citigroup
Citigroup Profile
(
Free Report)
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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