PGGM Investments Acquires 60,638 Shares of Citigroup Inc. (NYSE:C)

PGGM Investments increased its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 53.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 174,544 shares of the company's stock after purchasing an additional 60,638 shares during the period. PGGM Investments' holdings in Citigroup were worth $8,979,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of C. Carmel Capital Partners LLC purchased a new stake in Citigroup in the 3rd quarter worth approximately $25,000. Rakuten Securities Inc. purchased a new stake in Citigroup in the 4th quarter worth approximately $35,000. AlphaMark Advisors LLC grew its stake in Citigroup by 75.0% in the 3rd quarter. AlphaMark Advisors LLC now owns 700 shares of the company's stock worth $29,000 after acquiring an additional 300 shares during the period. Tennessee Valley Asset Management Partners purchased a new stake in Citigroup in the 4th quarter worth approximately $39,000. Finally, Venturi Wealth Management LLC grew its stake in Citigroup by 52.5% in the 4th quarter. Venturi Wealth Management LLC now owns 796 shares of the company's stock worth $41,000 after acquiring an additional 274 shares during the period. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Wolfe Research raised shares of Citigroup from a "peer perform" rating to an "outperform" rating and set a $58.00 price objective for the company in a research note on Wednesday, January 3rd. The Goldman Sachs Group reissued a "buy" rating on shares of Citigroup in a research note on Monday, April 1st. Jefferies Financial Group boosted their price objective on shares of Citigroup from $56.00 to $65.00 and gave the company a "hold" rating in a research note on Monday, April 8th. Morgan Stanley raised shares of Citigroup from an "underweight" rating to an "overweight" rating and boosted their price objective for the company from $46.00 to $65.00 in a research note on Tuesday, January 30th. Finally, Wells Fargo & Company reissued an "overweight" rating and set a $80.00 price objective on shares of Citigroup in a research note on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $62.91.

Citigroup Stock Up 1.4 %

Shares of Citigroup stock traded up $0.87 during trading on Friday, reaching $62.66. The company had a trading volume of 16,364,096 shares, compared to its average volume of 14,990,358. The company has a market cap of $120.01 billion, a price-to-earnings ratio of 18.54, a price-to-earnings-growth ratio of 0.94 and a beta of 1.52. The firm's fifty day moving average is $59.09 and its 200-day moving average is $52.07. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.95 and a current ratio of 0.95. Citigroup Inc. has a fifty-two week low of $38.17 and a fifty-two week high of $63.90.

Citigroup (NYSE:C - Get Free Report) last announced its quarterly earnings data on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, beating analysts' consensus estimates of $1.29 by $0.29. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The business had revenue of $21.10 billion during the quarter, compared to the consensus estimate of $20.46 billion. During the same quarter in the prior year, the firm earned $1.86 EPS. The company's revenue for the quarter was down 1.6% compared to the same quarter last year. On average, analysts anticipate that Citigroup Inc. will post 5.97 EPS for the current year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be given a $0.53 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $2.12 dividend on an annualized basis and a yield of 3.38%. Citigroup's dividend payout ratio (DPR) is 62.72%.

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.