Pacific Global Investment Management Co. Has $1.47 Million Stock Holdings in Citigroup Inc. (NYSE:C)

Pacific Global Investment Management Co. boosted its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 19.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,694 shares of the company's stock after purchasing an additional 3,316 shares during the period. Citigroup accounts for approximately 2.1% of Pacific Global Investment Management Co.'s portfolio, making the stock its 21st biggest position. Pacific Global Investment Management Co.'s holdings in Citigroup were worth $1,469,000 at the end of the most recent reporting period.

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

Citigroup Stock Performance

NYSE:C opened at $84.46 on Friday. The firm's 50-day moving average is $74.10 and its 200-day moving average is $73.53. The company has a market cap of $157.75 billion, a price-to-earnings ratio of 13.34, a PEG ratio of 0.64 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 52-week low of $53.51 and a 52-week high of $84.85.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.12. Citigroup had a return on equity of 6.94% and a net margin of 7.95%. The firm had revenue of $21.60 billion for the quarter, compared to analyst estimates of $21.34 billion. Equities research analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

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

Insiders Place Their Bets

In related news, Director John Cunningham Dugan sold 4,417 shares of the firm's stock in a transaction that occurred 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 transaction, the director now owns 13,048 shares in the company, valued at $890,656.48. This trade represents a 25.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.08% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on C. Bank of America increased their price objective on Citigroup from $89.00 to $100.00 and gave the company a "buy" rating in a report on Thursday. Oppenheimer reiterated an "outperform" rating on shares of Citigroup in a report on Tuesday, May 20th. Piper Sandler restated an "overweight" rating and issued a $77.00 price objective (down from $83.00) on shares of Citigroup in a research note on Wednesday, April 16th. Evercore ISI lowered their target price on shares of Citigroup from $79.00 to $76.00 and set an "in-line" rating on the stock in a research note on Tuesday, April 1st. Finally, Truist Financial dropped their target price 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. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, Citigroup presently has a consensus rating of "Moderate Buy" and an average target price of $84.03.

Citigroup Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.