Citigroup Inc. (NYSE:C) Shares Acquired by US Bancorp DE

Key Points

• US Bancorp DE has increased its position in Citigroup Inc. by 1.2% in the first quarter, owning 529,258 shares valued at approximately $37.57 million.
• Several institutional investors significantly increased their stakes in Citigroup, including Capital World Investors, which grew its stake by 455.2% during the fourth quarter.
• Citigroup recently announced a quarterly dividend of $0.60 per share, up from $0.56, with an annualized yield of 2.6%.

US Bancorp DE boosted its holdings in Citigroup Inc. (NYSE:C - Free Report) by 1.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 529,258 shares of the company's stock after buying an additional 6,361 shares during the quarter. US Bancorp DE's holdings in Citigroup were worth $37,572,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. True Wealth Design LLC grew its position 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 valued at $84,000 after buying an additional 119 shares during the last quarter. Continuum Advisory LLC grew its position in shares of Citigroup by 1.9% in the 4th quarter. Continuum Advisory LLC now owns 6,519 shares of the company's stock valued at $459,000 after buying an additional 120 shares during the last quarter. Insight Inv LLC grew its position in shares of Citigroup by 0.5% in the 1st quarter. Insight Inv LLC now owns 27,268 shares of the company's stock valued at $1,936,000 after buying an additional 146 shares during the last quarter. Trust Co. of Vermont grew its position in shares of Citigroup by 14.3% in the 1st quarter. Trust Co. of Vermont now owns 1,196 shares of the company's stock valued at $85,000 after buying an additional 150 shares during the last quarter. Finally, Mystic Asset Management Inc. grew its position in shares of Citigroup by 0.5% in the 1st quarter. Mystic Asset Management Inc. now owns 29,100 shares of the company's stock valued at $2,066,000 after buying an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company's stock.

Citigroup Price Performance

C stock traded up $0.20 during trading on Monday, reaching $92.03. 11,609,878 shares of the company were exchanged, compared to its average volume of 16,722,995. The company has a market cap of $171.89 billion, a P/E ratio of 13.56, a PEG ratio of 0.79 and a beta of 1.38. Citigroup Inc. has a 52-week low of $53.51 and a 52-week high of $96.90. The stock's 50 day moving average price is $84.36 and its 200 day moving average price is $76.96. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.98 and a current ratio of 0.99.

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

Citigroup Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Monday, August 4th will be given a dividend of $0.60 per share. The ex-dividend date is Monday, August 4th. This is an increase from Citigroup's previous quarterly dividend of $0.56. This represents a $2.40 dividend on an annualized basis and a yield of 2.6%. Citigroup's dividend payout ratio (DPR) is presently 33.09%.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Royal Bank Of Canada lowered their price objective on shares of Citigroup from $85.00 to $78.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 16th. Wall Street Zen raised shares of Citigroup from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Wells Fargo & Company raised their price objective on shares of Citigroup from $110.00 to $115.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Bank of America raised their price objective on shares of Citigroup from $89.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, June 26th. Finally, Piper Sandler raised their price objective on shares of Citigroup from $84.00 to $104.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $96.54.

Insider Transactions at Citigroup

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of Citigroup stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total transaction of $271,200.00. Following the completion of the transaction, the director owned 2,140 shares in the company, valued at approximately $193,456. The trade was a 58.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.08% of the company's stock.

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.