Point72 Hong Kong Ltd Buys New Position in Citigroup Inc. (NYSE:C)

Point72 Hong Kong Ltd bought a new position in shares of Citigroup Inc. (NYSE:C - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,981 shares of the company's stock, valued at approximately $280,000.

Several other large investors also recently made changes to their positions in the business. American Century Companies Inc. raised its position in shares of Citigroup by 3.4% during the fourth quarter. American Century Companies Inc. now owns 352,948 shares of the company's stock worth $24,844,000 after acquiring an additional 11,674 shares during the last quarter. Invesco Ltd. increased its position in Citigroup by 13.8% in the fourth quarter. Invesco Ltd. now owns 16,247,095 shares of the company's stock worth $1,143,633,000 after purchasing an additional 1,970,300 shares during the period. Candriam S.C.A. lifted its position in Citigroup by 12.7% during the 4th quarter. Candriam S.C.A. now owns 200,860 shares of the company's stock valued at $14,139,000 after purchasing an additional 22,657 shares during the period. Brighton Jones LLC boosted its stake 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 purchasing an additional 12,499 shares during the last quarter. Finally, Foundations Investment Advisors LLC grew its position in shares of Citigroup by 22.3% during the 4th quarter. Foundations Investment Advisors LLC now owns 319,669 shares of the company's stock worth $22,502,000 after buying an additional 58,204 shares during the period. Institutional investors own 71.72% of the company's stock.

Insider Buying and Selling at Citigroup

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of Citigroup stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total value of $301,504.42. Following the transaction, the director now owns 13,048 shares in the company, valued at $890,656.48. The trade was a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.08% of the company's stock.

Citigroup Stock Performance

Shares of Citigroup stock traded down $0.30 during trading on Tuesday, reaching $75.83. The company's stock had a trading volume of 8,916,120 shares, compared to its average volume of 14,503,772. The business's 50-day moving average price is $68.29 and its 200-day moving average price is $72.06. The firm has a market cap of $141.63 billion, a PE ratio of 12.74, 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. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.50.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.12. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. The business had revenue of $21.60 billion during the quarter, compared to analysts' expectations of $21.34 billion. Equities analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current 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 issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 2.95%. The ex-dividend date is Monday, May 5th. Citigroup's dividend payout ratio is currently 35.39%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on C. Keefe, Bruyette & Woods restated an "outperform" rating and issued a $92.00 price objective (down from $96.00) on shares of Citigroup in a report on Wednesday, April 16th. Evercore ISI cut their price target on Citigroup from $79.00 to $76.00 and set an "in-line" rating on the stock in a research note on Tuesday, April 1st. Bank of America decreased their price objective on Citigroup from $90.00 to $89.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Oppenheimer reiterated an "outperform" rating on shares of Citigroup in a report on Tuesday. Finally, JPMorgan Chase & Co. dropped their price objective on Citigroup from $85.50 to $75.50 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Citigroup currently has a consensus rating of "Moderate Buy" and a consensus target price 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.