Citigroup Inc. (NYSE:C) Shares Acquired by Tredje AP fonden

Tredje AP fonden increased its position in Citigroup Inc. (NYSE:C - Free Report) by 66.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 583,600 shares of the company's stock after buying an additional 233,600 shares during the quarter. Tredje AP fonden's holdings in Citigroup were worth $41,430,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of C. Orion Capital Management LLC purchased a new stake in shares of Citigroup in the fourth quarter worth $28,000. MorganRosel Wealth Management LLC bought a new position in shares of Citigroup during the first quarter valued at $28,000. American National Bank & Trust bought a new position in Citigroup in the first quarter valued at about $29,000. Mascagni Wealth Management Inc. bought a new position in Citigroup in the fourth quarter valued at about $34,000. Finally, Cornerstone Planning Group LLC lifted its holdings in Citigroup by 68.2% in the first quarter. Cornerstone Planning Group LLC now owns 577 shares of the company's stock valued at $38,000 after acquiring an additional 234 shares during the period. Institutional investors own 71.72% of the company's stock.

Insider Transactions at Citigroup

In related news, Director Peter B. Henry sold 3,000 shares of Citigroup stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total value of $271,200.00. Following the completion of the transaction, the director directly owned 2,140 shares in the company, valued at approximately $193,456. This trade represents a 58.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.08% of the company's stock.

Citigroup Price Performance

Shares of Citigroup stock traded down $1.86 during mid-day trading on Friday, reaching $91.84. 17,720,586 shares of the stock traded hands, compared to its average volume of 15,951,871. The business has a 50-day moving average of $83.98 and a 200 day moving average of $76.86. Citigroup Inc. has a fifty-two week low of $53.51 and a fifty-two week high of $96.90. The stock has a market capitalization of $171.53 billion, a PE ratio of 13.57, a PEG ratio of 0.82 and a beta of 1.34. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 1.61.

Citigroup (NYSE:C - Get Free Report) last posted its earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.35. The company had revenue of $21.67 billion during the quarter, compared to analysts' expectations of $20.75 billion. Citigroup had a return on equity of 7.29% and a net margin of 8.44%. The firm's quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.52 earnings per share. On average, analysts predict that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Monday, August 4th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.6%. This is a boost from Citigroup's previous quarterly dividend of $0.56. The ex-dividend date is Monday, August 4th. Citigroup's dividend payout ratio (DPR) is 35.45%.

Analyst Ratings Changes

C has been the topic of several recent research reports. Evercore ISI set a $77.00 price objective on Citigroup in a research note on Monday, July 7th. Keefe, Bruyette & Woods restated a "buy" rating on shares of Citigroup in a report on Wednesday, July 16th. Cowen started coverage on Citigroup in a report on Wednesday, May 14th. They issued a "hold" rating for the company. TD Cowen boosted their price objective on Citigroup from $85.00 to $95.00 and gave the company a "hold" rating in a report on Wednesday, July 16th. Finally, Truist Financial boosted their price objective on Citigroup from $93.00 to $99.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $96.54.

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.