Vise Technologies Inc. Increases Holdings in Citigroup Inc. (NYSE:C)

Vise Technologies Inc. raised its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 42.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,223 shares of the company's stock after buying an additional 7,507 shares during the quarter. Vise Technologies Inc.'s holdings in Citigroup were worth $1,775,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Core Alternative Capital raised its stake in shares of Citigroup by 83.4% in the fourth quarter. Core Alternative Capital now owns 376 shares of the company's stock valued at $26,000 after purchasing an additional 171 shares in the last quarter. Orion Capital Management LLC bought a new stake in shares of Citigroup during the fourth quarter worth $28,000. Webster Bank N. A. boosted its holdings in Citigroup by 150.0% in the fourth quarter. Webster Bank N. A. now owns 500 shares of the company's stock valued at $35,000 after acquiring an additional 300 shares during the last quarter. Creative Capital Management Investments LLC bought a new position in Citigroup in the fourth quarter valued at about $35,000. Finally, Sierra Ocean LLC bought a new position in Citigroup in the fourth quarter valued at about $37,000. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on C. Royal Bank of Canada cut their target price on Citigroup from $85.00 to $78.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 16th. Bank of America decreased their price objective on Citigroup from $90.00 to $89.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Truist Financial decreased their price objective on Citigroup from $84.00 to $79.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Evercore ISI decreased their price target on Citigroup from $79.00 to $76.00 and set an "in-line" rating for the company in a research note on Tuesday, April 1st. Finally, Cowen assumed coverage on Citigroup in a research note on Wednesday, May 14th. They issued a "hold" rating for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $83.97.

Citigroup Price Performance

C stock traded up $2.33 during midday trading on Tuesday, reaching $75.42. 12,142,676 shares of the stock were exchanged, compared to its average volume of 14,544,589. The stock has a market capitalization of $140.86 billion, a PE ratio of 12.68, a P/E/G ratio of 0.64 and a beta of 1.30. Citigroup Inc. has a 52 week low of $53.51 and a 52 week high of $84.74. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.96 and a quick ratio of 0.96. The company has a fifty day moving average price of $68.71 and a 200 day moving average price of $72.32.

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

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Monday, May 5th were given a $0.56 dividend. The ex-dividend date was Monday, May 5th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.97%. Citigroup's dividend payout ratio (DPR) is presently 35.39%.

Insider Buying and Selling at Citigroup

In related news, Director John Cunningham Dugan sold 4,417 shares of the firm's stock in a transaction that occurred 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 owns 13,048 shares of the company's stock, valued at $890,656.48. This trade represents a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.08% of the company's stock.

Citigroup 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.