USS Investment Management Ltd Has $20.95 Million Holdings in Citigroup Inc. (NYSE:C)

USS Investment Management Ltd trimmed its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 4.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 297,504 shares of the company's stock after selling 12,606 shares during the quarter. USS Investment Management Ltd's holdings in Citigroup were worth $20,949,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. American Century Companies Inc. boosted its holdings in shares of Citigroup by 3.4% during the 4th quarter. American Century Companies Inc. now owns 352,948 shares of the company's stock worth $24,844,000 after buying an additional 11,674 shares during the period. Invesco Ltd. lifted its position in Citigroup by 13.8% during the 4th 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. boosted its holdings in Citigroup by 12.7% during the fourth quarter. Candriam S.C.A. now owns 200,860 shares of the company's stock valued at $14,139,000 after acquiring an additional 22,657 shares during the period. Brighton Jones LLC grew its position in shares of Citigroup by 166.9% in the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock valued at $1,407,000 after purchasing an additional 12,499 shares during the last quarter. Finally, Foundations Investment Advisors LLC increased its stake in shares of Citigroup by 22.3% in the fourth quarter. Foundations Investment Advisors LLC now owns 319,669 shares of the company's stock worth $22,502,000 after purchasing an additional 58,204 shares during the period. 71.72% of the stock is owned by institutional investors and hedge funds.

Citigroup Trading Down 0.4%

Shares of C stock opened at $75.83 on Wednesday. The stock has a market cap of $141.63 billion, a price-to-earnings ratio of 12.74, a P/E/G ratio of 0.64 and a beta of 1.30. 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 Inc. has a 52-week low of $53.51 and a 52-week high of $84.74. The firm has a fifty day moving average of $68.46 and a 200-day moving average of $72.09.

Citigroup (NYSE:C - Get Free Report) last issued its earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.84 by $0.12. The business had revenue of $21.60 billion during the quarter, compared to analysts' expectations of $21.34 billion. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. 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 announced a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Monday, May 5th will be paid a $0.56 dividend. The ex-dividend date is Monday, May 5th. This represents a $2.24 annualized dividend and a dividend yield of 2.95%. Citigroup's dividend payout ratio is presently 35.39%.

Insider Transactions at Citigroup

In related news, Director John Cunningham Dugan sold 4,417 shares of the firm's stock in a transaction on Wednesday, April 30th. The stock was 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 of the company's stock, valued at $890,656.48. This trade represents a 25.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.08% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently weighed in on C. The Goldman Sachs Group cut their price objective on Citigroup from $90.00 to $80.00 and set a "buy" rating for the company in a research report on Wednesday, March 19th. Cowen assumed coverage on Citigroup in a report on Wednesday, May 14th. They set a "hold" rating for the company. Piper Sandler reissued an "overweight" rating and issued a $77.00 price objective (down from $83.00) on shares of Citigroup in a research report on Wednesday, April 16th. Evercore ISI lowered their price objective 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. Finally, Royal Bank of Canada dropped their target price 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. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, Citigroup currently has a consensus rating of "Moderate Buy" and an average price target of $83.97.

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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