Vise Technologies Inc. Has $1.78 Million Position in Citigroup Inc. (NYSE:C)

Vise Technologies Inc. lifted its stake in Citigroup Inc. (NYSE:C - Free Report) by 42.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,223 shares of the company's stock after acquiring an additional 7,507 shares during the period. Vise Technologies Inc.'s holdings in Citigroup were worth $1,775,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of C. Geode Capital Management LLC increased its holdings in Citigroup by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 40,587,155 shares of the company's stock valued at $2,853,484,000 after buying an additional 667,357 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Citigroup by 2.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 38,561,690 shares of the company's stock valued at $2,714,359,000 after acquiring an additional 815,003 shares during the period. FMR LLC raised its position in Citigroup by 29.7% in the fourth quarter. FMR LLC now owns 34,362,176 shares of the company's stock worth $2,418,754,000 after purchasing an additional 7,863,718 shares in the last quarter. Franklin Resources Inc. lifted its stake in Citigroup by 9.3% during the fourth quarter. Franklin Resources Inc. now owns 32,832,063 shares of the company's stock worth $2,311,048,000 after purchasing an additional 2,804,850 shares during the period. Finally, Capital World Investors grew its stake in shares of Citigroup by 455.2% in the 4th quarter. Capital World Investors now owns 31,352,582 shares of the company's stock valued at $2,206,908,000 after purchasing an additional 25,705,141 shares during the period. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Citigroup

In other news, Director John Cunningham Dugan sold 4,417 shares of the firm'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 transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.08% of the stock is owned by insiders.

Wall Street Analyst Weigh In

C has been the topic of a number of recent analyst reports. Truist Financial reduced their price target on shares of Citigroup from $84.00 to $79.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. TD Cowen initiated coverage on Citigroup in a report on Thursday, May 15th. They issued a "hold" rating and a $83.00 target price on the stock. Oppenheimer reaffirmed an "outperform" rating on shares of Citigroup in a report on Tuesday, May 20th. Wall Street Zen downgraded Citigroup from a "hold" rating to a "sell" rating in a research report on Saturday. Finally, Bank of America cut their price target on Citigroup from $90.00 to $89.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $83.97.

Citigroup Trading Down 0.6%

NYSE:C traded down $0.43 during trading hours on Wednesday, hitting $75.04. The stock had a trading volume of 9,940,710 shares, compared to its average volume of 14,526,249. The business's 50 day moving average is $68.78 and its 200-day moving average is $72.34. The company has a market cap of $140.15 billion, a price-to-earnings ratio of 12.61, a P/E/G ratio of 0.64 and a beta of 1.30. Citigroup Inc. has a one year low of $53.51 and a one year high of $84.74. 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 data on Tuesday, April 15th. The company reported $1.96 EPS for the quarter, beating 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 net margin of 7.43% and a return on equity of 6.62%. Sell-side analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 5th were issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend was Monday, May 5th. Citigroup's dividend payout ratio (DPR) is presently 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.