Siemens Fonds Invest GmbH Sells 43,243 Shares of Citigroup Inc. (NYSE:C)

Siemens Fonds Invest GmbH decreased its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 79.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,852 shares of the company's stock after selling 43,243 shares during the period. Siemens Fonds Invest GmbH's holdings in Citigroup were worth $764,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. American Century Companies Inc. lifted its holdings in Citigroup by 3.4% in the fourth quarter. American Century Companies Inc. now owns 352,948 shares of the company's stock worth $24,844,000 after acquiring an additional 11,674 shares during the last quarter. Invesco Ltd. lifted its holdings in Citigroup by 13.8% in the fourth quarter. Invesco Ltd. now owns 16,247,095 shares of the company's stock worth $1,143,633,000 after acquiring an additional 1,970,300 shares during the last quarter. Candriam S.C.A. lifted its holdings in Citigroup by 12.7% in the fourth quarter. Candriam S.C.A. now owns 200,860 shares of the company's stock worth $14,139,000 after acquiring an additional 22,657 shares during the last quarter. Brighton Jones LLC lifted its holdings in Citigroup by 166.9% in the fourth 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 last quarter. Finally, Unified Investment Management acquired a new stake in shares of Citigroup in the fourth quarter valued at approximately $658,000. Institutional investors own 71.72% of the company's stock.

Analyst Upgrades and Downgrades

C has been the topic of several analyst reports. Truist Financial dropped their price target on shares of Citigroup from $84.00 to $79.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Evercore ISI dropped their price target 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. Oppenheimer restated an "outperform" rating on shares of Citigroup in a research note on Tuesday, May 20th. Keefe, Bruyette & Woods restated an "outperform" rating and issued a $92.00 price target (down previously from $96.00) on shares of Citigroup in a research note on Wednesday, April 16th. Finally, Morgan Stanley dropped their price target on shares of Citigroup from $110.00 to $109.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $83.97.

Insider Buying and Selling

In other news, Director John Cunningham Dugan sold 4,417 shares of the firm's stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total transaction of $301,504.42. Following the transaction, the director now owns 13,048 shares in the company, valued at approximately $890,656.48. This trade represents a 25.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.08% of the company's stock.

Citigroup Price Performance

NYSE:C traded down $0.23 during trading hours on Friday, reaching $75.30. 12,509,663 shares of the company's stock were exchanged, compared to its average volume of 14,579,490. The company has a market capitalization of $140.64 billion, a P/E ratio of 12.66, a price-to-earnings-growth ratio of 0.64 and a beta of 1.30. Citigroup Inc. has a 12 month low of $53.51 and a 12 month high of $84.74. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.50. The business's 50-day simple moving average is $68.89 and its two-hundred day simple moving average is $72.44.

Citigroup (NYSE:C - Get Free Report) last posted its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 EPS for the quarter, topping analysts' consensus estimates of $1.84 by $0.12. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. The firm had revenue of $21.60 billion during the quarter, compared to analyst estimates of $21.34 billion. Sell-side analysts expect that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Dividend Announcement

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 $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date was Monday, May 5th. Citigroup's dividend payout ratio is 35.39%.

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.