Mirae Asset Global Investments Co. Ltd. Has $24.01 Million Holdings in Citigroup Inc. (NYSE:C)

Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 23.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 341,330 shares of the company's stock after buying an additional 65,865 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Citigroup were worth $24,006,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in C. American Century Companies Inc. raised its position in Citigroup by 3.4% during 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 during the period. Invesco Ltd. increased its holdings in shares of Citigroup by 13.8% in the 4th quarter. Invesco Ltd. now owns 16,247,095 shares of the company's stock valued at $1,143,633,000 after purchasing an additional 1,970,300 shares during the period. Candriam S.C.A. boosted its holdings in shares of Citigroup by 12.7% during the fourth quarter. Candriam S.C.A. now owns 200,860 shares of the company's stock worth $14,139,000 after purchasing an additional 22,657 shares during the period. Brighton Jones LLC boosted its holdings in shares of Citigroup by 166.9% during the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock worth $1,407,000 after purchasing an additional 12,499 shares during the period. Finally, Unified Investment Management acquired a new stake in shares of Citigroup during the fourth quarter worth approximately $658,000. Institutional investors and hedge funds own 71.72% of the company's stock.

Citigroup Stock Up 0.0%

Shares of C opened at $84.41 on Friday. The stock has a market cap of $157.66 billion, a price-to-earnings ratio of 13.33, a P/E/G ratio of 0.65 and a beta of 1.33. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.52. Citigroup Inc. has a 12 month low of $53.51 and a 12 month high of $84.79. The company has a 50-day moving average price of $74.53 and a two-hundred day moving average price of $73.63.

Citigroup (NYSE:C - Get Free Report) last posted its earnings results on Tuesday, April 15th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.84 by $0.12. The business had revenue of $21.60 billion during the quarter, compared to the consensus estimate of $21.34 billion. Citigroup had a return on equity of 6.94% and a net margin of 7.95%. Equities analysts predict that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Monday, May 5th were issued a dividend of $0.56 per share. The ex-dividend date was Monday, May 5th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.65%. Citigroup's payout ratio is presently 35.39%.

Insider Buying and Selling at Citigroup

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of Citigroup stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total value of $301,504.42. Following the completion of the transaction, the director now owns 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 SEC, which can be accessed through this hyperlink. Company insiders own 0.08% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on C shares. Truist Financial lowered their price objective on shares of Citigroup from $84.00 to $79.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. JPMorgan Chase & Co. lowered their price target on shares of Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Cowen initiated coverage on shares of Citigroup in a report on Wednesday, May 14th. They set a "hold" rating on the stock. Piper Sandler restated an "overweight" rating and issued a $77.00 target price (down previously from $83.00) on shares of Citigroup in a research note on Wednesday, April 16th. Finally, Bank of America boosted their target price on Citigroup from $89.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $84.03.

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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