Citigroup Inc. (NYSE:C) Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA decreased its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 2.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,715,846 shares of the company's stock after selling 96,100 shares during the quarter. Primecap Management Co. CA owned 0.19% of Citigroup worth $191,143,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in C. Massachusetts Wealth Management lifted its stake in Citigroup by 0.5% in the fourth quarter. Massachusetts Wealth Management now owns 39,782 shares of the company's stock valued at $2,046,000 after buying an additional 192 shares during the last quarter. Founders Capital Management lifted its stake in Citigroup by 12.5% in the fourth quarter. Founders Capital Management now owns 1,800 shares of the company's stock valued at $93,000 after buying an additional 200 shares during the last quarter. Cowa LLC lifted its stake in Citigroup by 3.1% in the fourth quarter. Cowa LLC now owns 6,600 shares of the company's stock valued at $340,000 after buying an additional 200 shares during the last quarter. Kornitzer Capital Management Inc. KS lifted its stake in Citigroup by 0.8% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 24,630 shares of the company's stock valued at $1,267,000 after buying an additional 200 shares during the last quarter. Finally, Rossmore Private Capital lifted its stake in Citigroup by 1.5% in the fourth quarter. Rossmore Private Capital now owns 13,800 shares of the company's stock valued at $710,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. HSBC upped their price target on Citigroup from $61.00 to $70.00 and gave the stock a "buy" rating in a research note on Thursday, March 28th. The Goldman Sachs Group restated a "buy" rating on shares of Citigroup in a research note on Monday, April 1st. Piper Sandler upped their price target on Citigroup from $67.00 to $70.00 and gave the stock an "overweight" rating in a research note on Monday, April 15th. Morgan Stanley upgraded Citigroup from an "underweight" rating to an "overweight" rating and upped their price target for the stock from $46.00 to $65.00 in a research note on Tuesday, January 30th. Finally, Keefe, Bruyette & Woods increased their price objective on Citigroup from $54.00 to $66.00 and gave the stock a "market perform" rating in a research report on Friday, April 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $63.66.

Citigroup Trading Up 0.9 %

C traded up $0.56 during midday trading on Friday, hitting $63.58. The company's stock had a trading volume of 9,424,967 shares, compared to its average volume of 10,878,002. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.50. The firm has a market cap of $121.28 billion, a P/E ratio of 18.81, a PEG ratio of 0.94 and a beta of 1.49. The firm has a 50-day moving average price of $61.76 and a two-hundred day moving average price of $55.16. Citigroup Inc. has a 52-week low of $38.17 and a 52-week high of $64.98.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings data on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.29. The business had revenue of $21.10 billion for the quarter, compared to analyst estimates of $20.46 billion. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The company's revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.86 EPS. On average, research analysts anticipate that Citigroup Inc. will post 5.98 earnings per share for the current year.

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Monday, May 6th were paid a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend was Friday, May 3rd. Citigroup's dividend payout ratio is currently 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.

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