OMERS ADMINISTRATION Corp Buys 33,532 Shares of Citigroup Inc. (NYSE:C)

OMERS ADMINISTRATION Corp grew its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 50.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 99,377 shares of the company's stock after purchasing an additional 33,532 shares during the period. OMERS ADMINISTRATION Corp's holdings in Citigroup were worth $6,995,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Core Alternative Capital increased its stake in shares of Citigroup by 83.4% in the fourth quarter. Core Alternative Capital now owns 376 shares of the company's stock valued at $26,000 after buying an additional 171 shares during the period. Creative Capital Management Investments LLC purchased a new stake in shares of Citigroup during the fourth quarter valued at approximately $35,000. Webster Bank N. A. raised its holdings in Citigroup by 150.0% in the fourth quarter. Webster Bank N. A. now owns 500 shares of the company's stock worth $35,000 after purchasing an additional 300 shares in the last quarter. Sierra Ocean LLC purchased a new stake in shares of Citigroup during the fourth quarter valued at $37,000. Finally, Runnymede Capital Advisors Inc. purchased a new position in shares of Citigroup during the 4th quarter valued at about $39,000. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Truist Financial lowered their target price on Citigroup from $84.00 to $79.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Bank of America dropped their price target on Citigroup from $90.00 to $89.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. TD Cowen initiated coverage on Citigroup in a report on Thursday. They set a "hold" rating and a $83.00 target price on the stock. JPMorgan Chase & Co. reduced their price objective on Citigroup from $85.50 to $75.50 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Finally, Oppenheimer lifted their price objective on Citigroup from $91.00 to $94.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $83.97.

Citigroup Stock Up 0.3%

Shares of Citigroup stock traded up $0.23 during trading on Monday, hitting $75.95. The company's stock had a trading volume of 5,348,470 shares, compared to its average volume of 14,486,569. The company has a fifty day simple moving average of $68.12 and a two-hundred day simple moving average of $71.98. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market capitalization of $141.85 billion, a PE ratio of 12.77, a P/E/G ratio of 0.64 and a beta of 1.30. Citigroup Inc. has a 52 week low of $53.51 and a 52 week high of $84.74.

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 the consensus estimate of $1.84 by $0.12. The firm had revenue of $21.60 billion during the quarter, compared to analyst estimates of $21.34 billion. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. Equities research analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Monday, May 5th will be paid a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend is Monday, May 5th. Citigroup's payout ratio is 35.39%.

Insiders Place Their Bets

In other news, Director John Cunningham Dugan sold 4,417 shares of the firm's 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 sale, the director now owns 13,048 shares of the company's stock, valued at $890,656.48. This trade represents a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.08% of the stock is owned by company insiders.

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.