Mubadala Investment Co PJSC Takes Position in Citigroup Inc. (NYSE:C)

Mubadala Investment Co PJSC acquired a new stake in Citigroup Inc. (NYSE:C - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 60,257 shares of the company's stock, valued at approximately $4,241,000. Citigroup makes up about 0.0% of Mubadala Investment Co PJSC's portfolio, making the stock its 13th largest holding.

Several other hedge funds have also modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Citigroup by 6.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 268,233 shares of the company's stock valued at $18,881,000 after buying an additional 16,000 shares during the last quarter. Leigh Baldwin & CO. LLC purchased a new position in Citigroup in the fourth quarter valued at $26,944,000. Game Creek Capital LP increased its holdings in Citigroup by 68.8% in the fourth quarter. Game Creek Capital LP now owns 35,875 shares of the company's stock valued at $2,525,000 after buying an additional 14,625 shares during the last quarter. Gotham Asset Management LLC increased its holdings in Citigroup by 0.7% in the fourth quarter. Gotham Asset Management LLC now owns 47,770 shares of the company's stock valued at $3,363,000 after buying an additional 344 shares during the last quarter. Finally, Focus Partners Wealth increased its holdings in Citigroup by 301.3% in the fourth quarter. Focus Partners Wealth now owns 285,860 shares of the company's stock valued at $20,545,000 after buying an additional 214,623 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on C shares. StockNews.com lowered Citigroup from a "buy" rating to a "hold" rating in a report on Sunday, March 30th. Bank of America dropped their price objective on Citigroup from $90.00 to $89.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $92.00 price objective (down previously from $96.00) on shares of Citigroup in a report on Wednesday, April 16th. Truist Financial dropped their price objective on Citigroup from $84.00 to $79.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Finally, Morgan Stanley dropped their price objective on Citigroup from $110.00 to $109.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $83.97.

Citigroup Stock Performance

Shares of C traded down $0.30 during mid-day trading on Friday, hitting $75.66. 13,995,671 shares of the company's stock were exchanged, compared to its average volume of 14,498,125. Citigroup Inc. has a fifty-two week low of $53.51 and a fifty-two week high of $84.74. The firm has a market capitalization of $141.31 billion, a P/E ratio of 12.72, a P/E/G ratio of 0.64 and a beta of 1.30. The business's 50 day moving average is $67.96 and its two-hundred day moving average is $71.80. 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 (NYSE:C - Get Free Report) last announced 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 firm had revenue of $21.60 billion during the quarter, compared to the consensus estimate of $21.34 billion. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. On average, equities analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Monday, May 5th will be given a dividend of $0.56 per share. The ex-dividend date 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 35.39%.

Insider Activity

In other Citigroup 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 transaction, the director now owns 13,048 shares of the company's stock, valued at approximately $890,656.48. This trade represents a 25.29% decrease in their ownership of the stock. 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 Company 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.