Citigroup Inc. (NYSE:C) Shares Purchased by KBC Group NV

KBC Group NV boosted its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 2.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,486,433 shares of the company's stock after purchasing an additional 32,609 shares during the period. KBC Group NV owned approximately 0.08% of Citigroup worth $105,521,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in C. Orion Capital Management LLC purchased a new stake in shares of Citigroup in the 4th quarter valued at $28,000. American National Bank & Trust purchased a new stake in shares of Citigroup in the 1st quarter valued at $29,000. Mascagni Wealth Management Inc. purchased a new stake in shares of Citigroup in the 4th quarter valued at $34,000. Runnymede Capital Advisors Inc. purchased a new stake in shares of Citigroup in the 4th quarter valued at $39,000. Finally, Whipplewood Advisors LLC boosted its holdings in shares of Citigroup by 79.2% in the 1st quarter. Whipplewood Advisors LLC now owns 570 shares of the company's stock valued at $40,000 after acquiring an additional 252 shares during the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director John Cunningham Dugan sold 4,417 shares of the firm's stock in a transaction dated 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 sale, the director now directly owns 13,048 shares in the company, valued at approximately $890,656.48. This trade represents a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.08% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on C. Bank of America increased their price target on shares of Citigroup from $89.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday. Truist Financial lowered 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. The Goldman Sachs Group reissued a "buy" rating on shares of Citigroup in a report on Tuesday. Wall Street Zen downgraded shares of Citigroup from a "hold" rating to a "sell" rating in a report on Friday. Finally, Oppenheimer reissued an "outperform" rating on shares of Citigroup in a report on Tuesday, May 20th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $84.03.

Citigroup Price Performance

Shares of NYSE C traded up $0.04 during mid-day trading on Friday, reaching $84.41. The company's stock had a trading volume of 21,831,230 shares, compared to its average volume of 14,571,706. The stock has a 50-day moving average of $74.53 and a two-hundred day moving average of $73.63. The stock has a market capitalization of $157.66 billion, a P/E ratio of 13.33, a P/E/G ratio of 0.65 and a beta of 1.33. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.98 and a current ratio of 0.98. Citigroup Inc. has a 1-year low of $53.51 and a 1-year high of $84.79.

Citigroup (NYSE:C - Get Free Report) last issued its earnings results on Tuesday, April 15th. The company reported $1.96 EPS for the quarter, beating 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%. On average, equities research analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 5th were given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend was Monday, May 5th. Citigroup's dividend payout ratio (DPR) is 35.39%.

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.