OLD National Bancorp IN Sells 8,766 Shares of Citigroup Inc. (NYSE:C)

OLD National Bancorp IN decreased its position in Citigroup Inc. (NYSE:C - Free Report) by 2.4% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 362,820 shares of the company's stock after selling 8,766 shares during the period. Citigroup comprises 0.7% of OLD National Bancorp IN's portfolio, making the stock its 26th biggest position. OLD National Bancorp IN's holdings in Citigroup were worth $25,757,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. raised its stake in shares of Citigroup by 3.4% during the 4th quarter. American Century Companies Inc. now owns 352,948 shares of the company's stock worth $24,844,000 after purchasing an additional 11,674 shares in the last quarter. Invesco Ltd. raised its stake in shares of Citigroup by 13.8% during the 4th quarter. Invesco Ltd. now owns 16,247,095 shares of the company's stock worth $1,143,633,000 after purchasing an additional 1,970,300 shares in the last quarter. Candriam S.C.A. raised its stake in shares of Citigroup by 12.7% during the 4th 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 in the last quarter. Brighton Jones LLC raised its stake in shares of Citigroup by 166.9% during the 4th 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 in the last quarter. Finally, Unified Investment Management bought a new stake in shares of Citigroup during the 4th quarter worth approximately $658,000. Institutional investors own 71.72% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on C shares. Bank of America dropped their price objective on Citigroup from $90.00 to $89.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Piper Sandler reissued an "overweight" rating and set a $77.00 target price (down from $83.00) on shares of Citigroup in a report on Wednesday, April 16th. Evercore ISI decreased their target price on Citigroup from $79.00 to $76.00 and set an "in-line" rating on the stock in a report on Tuesday, April 1st. Morgan Stanley decreased their target price on Citigroup from $110.00 to $109.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Finally, JPMorgan Chase & Co. decreased their target price on Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $83.97.

Citigroup Stock Performance

NYSE C traded up $1.65 on Friday, reaching $78.32. The stock had a trading volume of 11,514,514 shares, compared to its average volume of 14,600,134. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a fifty day moving average of $69.43 and a two-hundred day moving average of $72.75. Citigroup Inc. has a 1-year low of $53.51 and a 1-year high of $84.74. The company has a market cap of $146.28 billion, a P/E ratio of 13.16, a price-to-earnings-growth ratio of 0.64 and a beta of 1.33.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 EPS 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 firm had revenue of $21.60 billion for the quarter, compared to analyst estimates of $21.34 billion. On average, equities research analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 5th were given a dividend of $0.56 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.86%. Citigroup's payout ratio is 35.39%.

Insider Activity

In other news, Director John Cunningham Dugan sold 4,417 shares of the company's stock in a transaction on Wednesday, April 30th. The stock was 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 represents a 25.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate 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.