Point72 Asia Singapore Pte. Ltd. Has $3.69 Million Stock Holdings in Citigroup Inc. (NYSE:C)

Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 257.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 52,444 shares of the company's stock after acquiring an additional 37,759 shares during the period. Citigroup comprises about 1.0% of Point72 Asia Singapore Pte. Ltd.'s investment portfolio, making the stock its 17th biggest holding. Point72 Asia Singapore Pte. Ltd.'s holdings in Citigroup were worth $3,692,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of C. American Century Companies Inc. increased its holdings in shares of Citigroup by 3.4% in the 4th quarter. American Century Companies Inc. now owns 352,948 shares of the company's stock valued at $24,844,000 after acquiring an additional 11,674 shares during the last quarter. Brookstone Capital Management increased its holdings in shares of Citigroup by 340.6% in the 4th quarter. Brookstone Capital Management now owns 36,034 shares of the company's stock valued at $2,536,000 after acquiring an additional 27,856 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Citigroup by 13.8% in the 4th quarter. Invesco Ltd. now owns 16,247,095 shares of the company's stock valued at $1,143,633,000 after acquiring an additional 1,970,300 shares during the last quarter. Candriam S.C.A. increased its holdings in shares of Citigroup by 12.7% in the 4th quarter. Candriam S.C.A. now owns 200,860 shares of the company's stock valued at $14,139,000 after acquiring an additional 22,657 shares during the last quarter. Finally, Brighton Jones LLC increased its holdings in shares of Citigroup by 166.9% in the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock valued at $1,407,000 after acquiring an additional 12,499 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company's stock.

Insider Transactions at Citigroup

In other news, Director John Cunningham Dugan sold 4,417 shares of the company'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 completion of the sale, the director now owns 13,048 shares in the company, valued at approximately $890,656.48. This represents a 25.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.08% of the stock is currently owned by corporate insiders.

Citigroup Price Performance

Shares of C traded down $0.30 during midday trading on Friday, reaching $75.66. The stock had a trading volume of 13,995,671 shares, compared to its average volume of 14,522,542. Citigroup Inc. has a 52 week low of $53.51 and a 52 week high of $84.74. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.96 and a quick ratio of 0.96. The firm's 50 day moving average price is $68.12 and its 200-day moving average price is $71.92. The company 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.

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

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Monday, May 5th will be paid a $0.56 dividend. The ex-dividend date of this dividend is Monday, May 5th. This represents a $2.24 dividend on an annualized basis and a yield of 2.96%. Citigroup's dividend payout ratio (DPR) is currently 35.39%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on C. Truist Financial lowered their price target on Citigroup from $84.00 to $79.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. TD Cowen started coverage on Citigroup in a research report on Thursday. They set a "hold" rating and a $83.00 price objective for the company. Morgan Stanley reduced their price objective on Citigroup from $110.00 to $109.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Royal Bank of Canada reduced their price objective on Citigroup from $85.00 to $78.00 and set an "outperform" rating for the company in a research report on Wednesday, April 16th. Finally, Bank of America reduced their price objective on Citigroup from $90.00 to $89.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $83.97.

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.