Principal Financial Group Inc. Has $263 Million Stake in Citigroup Inc. (NYSE:C)

Principal Financial Group Inc. raised its stake in Citigroup Inc. (NYSE:C - Free Report) by 1.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,704,792 shares of the company's stock after purchasing an additional 66,132 shares during the period. Principal Financial Group Inc. owned approximately 0.20% of Citigroup worth $263,003,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of C. American Century Companies Inc. raised its stake in shares of Citigroup by 3.4% in the fourth quarter. American Century Companies Inc. now owns 352,948 shares of the company's stock valued at $24,844,000 after purchasing an additional 11,674 shares in the last quarter. Invesco Ltd. increased its holdings in 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 buying an additional 1,970,300 shares during the period. Candriam S.C.A. raised its stake in shares of Citigroup by 12.7% in the 4th 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 lifted its holdings 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 acquiring an additional 12,499 shares during the period. Finally, Mackenzie Financial Corp boosted its position in shares of Citigroup by 30.1% during the 4th quarter. Mackenzie Financial Corp now owns 1,876,682 shares of the company's stock valued at $132,100,000 after acquiring an additional 434,280 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of the business's stock in a transaction dated 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 directly owned 13,048 shares of the company's stock, 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 the SEC website. 0.08% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Wall Street Zen lowered shares of Citigroup from a "hold" rating to a "sell" rating in a research report on Friday, June 27th. Truist Financial dropped their target price on Citigroup from $84.00 to $79.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $92.00 price target (down from $96.00) on shares of Citigroup in a research report on Wednesday, April 16th. The Goldman Sachs Group increased their price objective on Citigroup from $85.00 to $96.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, TD Cowen started coverage on shares of Citigroup in a research note on Thursday, May 15th. They issued a "hold" rating and a $83.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $85.43.

Citigroup Trading Up 2.2%

C stock traded up $1.91 during trading on Friday, hitting $88.67. The company had a trading volume of 13,229,886 shares, compared to its average volume of 14,629,018. The firm has a 50-day moving average price of $76.22 and a 200-day moving average price of $74.04. Citigroup Inc. has a 12 month low of $53.51 and a 12 month high of $88.80. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.52. The stock has a market cap of $165.61 billion, a price-to-earnings ratio of 14.01, a PEG ratio of 0.67 and a beta of 1.34.

Citigroup (NYSE:C - Get Free Report) last released its earnings results on Tuesday, April 15th. The company reported $1.96 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 company had revenue of $21.60 billion during the quarter, compared to analysts' expectations of $21.34 billion. As a group, analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current year.

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.