Siemens Fonds Invest GmbH Lowers Stock Position in Citigroup Inc. (NYSE:C)

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

A number of other large investors have also recently bought and sold shares of the business. Rafferty Asset Management LLC grew its stake in shares of Citigroup by 3.2% in the 4th quarter. Rafferty Asset Management LLC now owns 667,254 shares of the company's stock valued at $46,968,000 after purchasing an additional 20,442 shares during the last quarter. Raiffeisen Bank International AG purchased a new position in Citigroup in the 4th quarter valued at $4,630,000. Point72 Asia Singapore Pte. Ltd. increased its stake in Citigroup by 257.1% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 52,444 shares of the company's stock valued at $3,692,000 after buying an additional 37,759 shares during the period. Point72 Europe London LLP purchased a new position in Citigroup during the 4th quarter worth $4,449,000. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Citigroup in the 4th quarter worth $280,000. Institutional investors and hedge funds own 71.72% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on C. Evercore ISI cut their price target on shares of Citigroup from $79.00 to $76.00 and set an "in-line" rating for the company in a report on Tuesday, April 1st. Morgan Stanley cut their target price on Citigroup from $110.00 to $109.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Truist Financial cut their price objective on Citigroup from $84.00 to $79.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. JPMorgan Chase & Co. decreased their target price on shares of Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Finally, Oppenheimer increased their price target on shares of Citigroup from $91.00 to $94.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Citigroup presently has an average rating of "Moderate Buy" and an average target price of $83.97.

Insider Activity at Citigroup

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of the business's stock in a transaction that occurred 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 completion of the sale, the director now directly owns 13,048 shares in the company, valued at $890,656.48. The trade was a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.08% of the stock is owned by insiders.

Citigroup Price Performance

Shares of NYSE:C opened at $75.66 on Friday. Citigroup Inc. has a one year low of $53.51 and a one year high of $84.74. The stock has a market cap of $141.31 billion, a PE ratio of 12.72, a price-to-earnings-growth ratio of 0.64 and a beta of 1.30. The business's fifty day moving average price is $68.12 and its two-hundred day moving average price is $71.92. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 0.96.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.12. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. The company had revenue of $21.60 billion for the quarter, compared to analysts' expectations of $21.34 billion. On average, analysts forecast that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Monday, May 5th will be issued a dividend of $0.56 per share. The ex-dividend date is Monday, May 5th. This represents a $2.24 annualized dividend and a dividend yield of 2.96%. Citigroup's payout ratio is currently 35.39%.

About Citigroup

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.

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