Mizuho Securities USA LLC lowered its holdings in Citigroup Inc. (NYSE:C - Free Report) by 16.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 150,299 shares of the company's stock after selling 28,950 shares during the quarter. Mizuho Securities USA LLC's holdings in Citigroup were worth $10,670,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Private Advisory Group LLC lifted its stake in shares of Citigroup by 20.8% during the first quarter. Private Advisory Group LLC now owns 69,581 shares of the company's stock valued at $4,940,000 after acquiring an additional 11,978 shares during the period. Brighton Jones LLC increased its holdings in Citigroup by 166.9% in the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock valued at $1,407,000 after purchasing an additional 12,499 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd increased its holdings in Citigroup by 109.0% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,246,061 shares of the company's stock valued at $88,458,000 after purchasing an additional 649,807 shares during the last quarter. Onyx Bridge Wealth Group LLC bought a new stake in Citigroup in the first quarter valued at about $214,000. Finally, Pinnacle Financial Partners Inc increased its holdings in Citigroup by 495.1% in the first quarter. Pinnacle Financial Partners Inc now owns 18,554 shares of the company's stock valued at $1,317,000 after purchasing an additional 15,436 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on C shares. Piper Sandler upped their price objective on Citigroup from $84.00 to $104.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Keefe, Bruyette & Woods reiterated a "buy" rating on shares of Citigroup in a report on Wednesday, July 16th. Wells Fargo & Company upped their price objective on Citigroup from $110.00 to $115.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Truist Financial upped their price objective on Citigroup from $93.00 to $99.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Finally, Bank of America upped their price objective on Citigroup from $89.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, June 26th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Citigroup has an average rating of "Moderate Buy" and an average price target of $96.54.
Get Our Latest Stock Report on C
Insider Buying and Selling at Citigroup
In other news, Director Peter B. Henry sold 3,000 shares of Citigroup stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total transaction of $271,200.00. Following the completion of the transaction, the director directly owned 2,140 shares in the company, valued at approximately $193,456. The trade was a 58.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.08% of the stock is owned by company insiders.
Citigroup Stock Up 1.7%
Shares of NYSE:C traded up $1.56 during trading on Friday, hitting $92.79. 10,764,944 shares of the company were exchanged, compared to its average volume of 17,127,052. The stock has a market cap of $170.82 billion, a price-to-earnings ratio of 13.71, a P/E/G ratio of 0.80 and a beta of 1.38. Citigroup Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $96.90. The firm has a fifty day moving average price of $86.07 and a two-hundred day moving average price of $77.34. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.61.
Citigroup (NYSE:C - Get Free Report) last posted its quarterly earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.35. The firm had revenue of $21.67 billion for the quarter, compared to analyst estimates of $20.75 billion. Citigroup had a return on equity of 7.29% and a net margin of 8.44%. The business's quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.52 EPS. As a group, research analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.
Citigroup Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Monday, August 4th will be given a dividend of $0.60 per share. This is a positive change from Citigroup's previous quarterly dividend of $0.56. The ex-dividend date of this dividend is Monday, August 4th. This represents a $2.40 annualized dividend and a dividend yield of 2.6%. Citigroup's payout ratio is presently 35.45%.
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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