Public Employees Retirement System of Ohio Has $60.34 Million Stake in Citigroup Inc. (NYSE:C)

Public Employees Retirement System of Ohio lowered its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 5.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 857,184 shares of the company's stock after selling 50,584 shares during the period. Public Employees Retirement System of Ohio's holdings in Citigroup were worth $60,337,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. True Wealth Design LLC grew its holdings in shares of Citigroup by 11.1% in the 4th quarter. True Wealth Design LLC now owns 1,195 shares of the company's stock worth $84,000 after acquiring an additional 119 shares during the last quarter. Continuum Advisory LLC lifted its position in shares of Citigroup by 1.9% during the 4th quarter. Continuum Advisory LLC now owns 6,519 shares of the company's stock worth $459,000 after purchasing an additional 120 shares during the last quarter. Blake Schutter Theil Wealth Advisors LLC grew its position in Citigroup by 1.6% in the 4th quarter. Blake Schutter Theil Wealth Advisors LLC now owns 8,637 shares of the company's stock worth $608,000 after purchasing an additional 135 shares during the last quarter. Hemington Wealth Management increased its position in shares of Citigroup by 10.9% during the fourth quarter. Hemington Wealth Management now owns 1,387 shares of the company's stock valued at $97,000 after purchasing an additional 136 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in Citigroup by 3.4% in the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,112 shares of the company's stock valued at $289,000 after buying an additional 137 shares during the period. 71.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group cut their target price on shares of Citigroup from $90.00 to $80.00 and set a "buy" rating for the company in a research note on Wednesday, March 19th. Cowen initiated coverage on Citigroup in a report on Wednesday, May 14th. They issued a "hold" rating for the company. Wall Street Zen lowered shares of Citigroup from a "hold" rating to a "sell" rating in a report on Saturday. Truist Financial dropped their target price on shares of Citigroup from $84.00 to $79.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Finally, TD Cowen began coverage on shares of Citigroup in a research note on Thursday, May 15th. They set a "hold" rating and a $83.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $83.97.

Insider Transactions at Citigroup

In related news, Director John Cunningham Dugan sold 4,417 shares of Citigroup stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total value of $301,504.42. Following the sale, the director now owns 13,048 shares of the company's stock, valued at approximately $890,656.48. The trade was a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.08% of the company's stock.

Citigroup Stock Down 0.4%

C traded down $0.28 during trading on Wednesday, hitting $75.19. The company had a trading volume of 3,682,640 shares, compared to its average volume of 14,502,129. The company has a market capitalization of $140.43 billion, a PE ratio of 12.63, a PEG ratio of 0.64 and a beta of 1.30. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.50. Citigroup Inc. has a one year low of $53.51 and a one year high of $84.74. The firm's 50-day moving average price is $68.78 and its 200 day moving average price is $72.34.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 EPS for the quarter, beating analysts' consensus estimates of $1.84 by $0.12. The company had revenue of $21.60 billion for the quarter, compared to analyst estimates of $21.34 billion. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. As a group, equities analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Monday, May 5th were given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date was Monday, May 5th. Citigroup's dividend payout ratio (DPR) is currently 35.39%.

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.