Citigroup Inc. (NYSE:C) Shares Purchased by Wealthfront Advisers LLC

Wealthfront Advisers LLC raised its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 17.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 176,653 shares of the company's stock after acquiring an additional 25,759 shares during the quarter. Wealthfront Advisers LLC's holdings in Citigroup were worth $12,541,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Norges Bank purchased a new stake in shares of Citigroup during the 4th quarter valued at $1,935,599,000. Capital World Investors lifted its holdings in shares of Citigroup by 455.2% during 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 last quarter. FMR LLC lifted its holdings in shares of Citigroup by 29.7% during the 4th quarter. FMR LLC now owns 34,362,176 shares of the company's stock valued at $2,418,754,000 after purchasing an additional 7,863,718 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Citigroup by 9.3% during the 4th quarter. Franklin Resources Inc. now owns 32,832,063 shares of the company's stock valued at $2,311,048,000 after purchasing an additional 2,804,850 shares during the last quarter. Finally, Capital International Investors lifted its holdings in shares of Citigroup by 148.6% during the 4th quarter. Capital International Investors now owns 4,524,890 shares of the company's stock valued at $318,507,000 after purchasing an additional 2,704,783 shares during the last quarter. Institutional investors own 71.72% of the company's stock.

Insider Buying and Selling at Citigroup

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of Citigroup stock in a transaction dated 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 transaction, the director owned 13,048 shares in the company, valued at approximately $890,656.48. This trade represents a 25.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.08% of the company's stock.

Citigroup Stock Performance

Shares of NYSE C traded up $0.31 during trading on Friday, reaching $93.40. 4,900,401 shares of the company traded hands, compared to its average volume of 14,634,307. The firm's fifty day simple moving average is $79.99 and its 200 day simple moving average is $75.29. The stock has a market cap of $174.44 billion, a P/E ratio of 13.78, a PEG ratio of 0.70 and a beta of 1.34. Citigroup Inc. has a 12-month low of $53.51 and a 12-month high of $93.79. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 1.61.

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

Citigroup Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Monday, August 4th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, August 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.57%. This is a positive change from Citigroup's previous quarterly dividend of $0.56. Citigroup's dividend payout ratio (DPR) is presently 33.09%.

Analysts Set New Price Targets

C has been the subject of several analyst reports. Barclays increased their price objective on Citigroup from $95.00 to $100.00 and gave the company an "overweight" rating in a report on Wednesday. Wells Fargo & Company increased their price objective on Citigroup from $110.00 to $115.00 and gave the company an "overweight" rating in a report on Wednesday. Bank of America raised their target price on Citigroup from $89.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, June 26th. Truist Financial raised their target price on Citigroup from $93.00 to $99.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, Piper Sandler raised their target price on Citigroup from $84.00 to $104.00 and gave the stock an "overweight" rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $96.46.

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.