Janus Henderson Group PLC Decreases Stock Holdings in Citigroup Inc. (NYSE:C)

Janus Henderson Group PLC cut its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 34.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 626,815 shares of the company's stock after selling 326,094 shares during the quarter. Janus Henderson Group PLC's holdings in Citigroup were worth $44,132,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. American Century Companies Inc. boosted its holdings in Citigroup by 3.4% in the fourth quarter. American Century Companies Inc. now owns 352,948 shares of the company's stock valued at $24,844,000 after purchasing an additional 11,674 shares during the last quarter. Brookstone Capital Management boosted its holdings in Citigroup by 340.6% in the fourth quarter. Brookstone Capital Management now owns 36,034 shares of the company's stock valued at $2,536,000 after purchasing an additional 27,856 shares during the last quarter. Invesco Ltd. boosted its holdings in Citigroup by 13.8% in the fourth quarter. Invesco Ltd. now owns 16,247,095 shares of the company's stock valued at $1,143,633,000 after purchasing an additional 1,970,300 shares during the last quarter. FNY Investment Advisers LLC boosted its holdings in Citigroup by 168.7% in the fourth quarter. FNY Investment Advisers LLC now owns 19,560 shares of the company's stock valued at $1,376,000 after purchasing an additional 12,280 shares during the last quarter. Finally, Candriam S.C.A. boosted its holdings in Citigroup by 12.7% in the fourth quarter. Candriam S.C.A. now owns 200,860 shares of the company's stock valued at $14,139,000 after purchasing an additional 22,657 shares during the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on C shares. TD Cowen began coverage on shares of Citigroup in a research note on Thursday. They set a "hold" rating and a $83.00 target price on the stock. StockNews.com lowered shares of Citigroup from a "buy" rating to a "hold" rating in a research note on Sunday, March 30th. Piper Sandler reissued an "overweight" rating and set a $77.00 target price (down from $83.00) on shares of Citigroup in a research note on Wednesday, April 16th. Truist Financial lowered their target price on shares of Citigroup from $84.00 to $79.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Finally, The Goldman Sachs Group lowered their target price on shares of Citigroup from $90.00 to $80.00 and set a "buy" rating on the stock in a research note on Wednesday, March 19th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $83.97.

Insider Buying and Selling

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of the business's stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total value of $301,504.42. Following the completion of the transaction, the director now owns 13,048 shares in the company, valued at $890,656.48. The trade was a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.08% of the stock is currently owned by corporate insiders.

Citigroup Price Performance

C stock traded down $0.30 during mid-day trading on Friday, reaching $75.66. The company's stock had a trading volume of 13,995,671 shares, compared to its average volume of 14,498,126. The stock has a market cap of $141.31 billion, a PE ratio of 12.72, a P/E/G ratio of 0.64 and a beta of 1.30. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.50. Citigroup Inc. has a fifty-two week low of $53.51 and a fifty-two week high of $84.74. The company's 50 day moving average is $68.12 and its two-hundred day moving average is $71.87.

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

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Monday, May 5th will be given a dividend of $0.56 per share. The ex-dividend date of this dividend is Monday, May 5th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.96%. Citigroup's payout ratio is currently 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.