Rhumbline Advisers Has $238.51 Million Stake in Citigroup Inc. (NYSE:C)

Rhumbline Advisers decreased its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 2.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,359,706 shares of the company's stock after selling 87,946 shares during the period. Rhumbline Advisers owned 0.18% of Citigroup worth $238,505,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in C. Brighton Jones LLC grew its holdings in Citigroup by 166.9% during the 4th 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. Union Bancaire Privee UBP SA bought a new stake in Citigroup in the fourth quarter worth about $10,400,000. Crews Bank & Trust bought a new position in Citigroup in the 4th quarter valued at $175,000. Mediolanum International Funds Ltd bought a new position in shares of Citigroup in the fourth quarter worth about $10,295,000. Finally, Caprock Group LLC increased its position in shares of Citigroup by 27.7% during the fourth quarter. Caprock Group LLC now owns 80,628 shares of the company's stock worth $5,675,000 after acquiring an additional 17,466 shares during the period. Hedge funds and other institutional investors own 71.72% of the company's stock.

Citigroup Trading Up 1.0%

Shares of NYSE C traded up $0.74 on Tuesday, reaching $76.54. 9,794,940 shares of the company traded hands, compared to its average volume of 14,527,458. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.50. The stock has a market capitalization of $142.96 billion, a PE ratio of 12.86, a P/E/G ratio of 0.64 and a beta of 1.30. Citigroup Inc. has a fifty-two week low of $53.51 and a fifty-two week high of $84.74. The company has a 50 day moving average of $68.94 and a 200 day moving average of $72.55.

Citigroup (NYSE:C - Get Free Report) last posted its earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share (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 business had revenue of $21.60 billion during the quarter, compared to analyst estimates of $21.34 billion. On average, equities research analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 5th were paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend was Monday, May 5th. Citigroup's dividend payout ratio (DPR) is presently 35.39%.

Insider Activity

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 transaction of $301,504.42. Following the transaction, the director now directly owns 13,048 shares of the company's stock, valued at $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 is available at the SEC website. Company insiders own 0.08% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on C shares. Cowen began coverage on shares of Citigroup in a research report on Wednesday, May 14th. They set a "hold" rating for the company. Oppenheimer reiterated an "outperform" rating on shares of Citigroup in a research note on Tuesday, May 20th. Truist Financial lowered 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. Wall Street Zen raised Citigroup from a "sell" rating to a "hold" rating in a research report on Sunday. Finally, Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $92.00 price target (down previously from $96.00) on shares of Citigroup in a report on Wednesday, April 16th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $83.97.

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.