Raiffeisen Bank International AG Purchases Shares of 65,773 Citigroup Inc. (NYSE:C)

Raiffeisen Bank International AG acquired a new stake in shares of Citigroup Inc. (NYSE:C - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 65,773 shares of the company's stock, valued at approximately $4,630,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Core Alternative Capital increased its stake in Citigroup by 83.4% in the 4th 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 last quarter. 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. lifted its holdings in Citigroup by 150.0% during the fourth quarter. Webster Bank N. A. now owns 500 shares of the company's stock worth $35,000 after acquiring an additional 300 shares during the period. Sierra Ocean LLC bought a new stake in Citigroup during the fourth quarter worth $37,000. Finally, Runnymede Capital Advisors Inc. purchased a new position in Citigroup in the fourth quarter worth $39,000. 71.72% of the stock is owned by institutional investors.

Insider Transactions at Citigroup

In other news, Director John Cunningham Dugan sold 4,417 shares of Citigroup stock in a transaction on Wednesday, April 30th. The shares were 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 directly owns 13,048 shares of the company's stock, valued at approximately $890,656.48. The trade was a 25.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.08% of the stock is owned by insiders.

Citigroup Price Performance

NYSE C traded down $2.13 on Wednesday, hitting $73.77. The stock had a trading volume of 5,318,663 shares, compared to its average volume of 14,470,317. The firm has a 50-day moving average of $68.46 and a 200-day moving average of $72.09. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 0.96. Citigroup Inc. has a 52-week low of $53.51 and a 52-week high of $84.74. The company has a market capitalization of $137.78 billion, a price-to-earnings ratio of 12.42, a price-to-earnings-growth ratio of 0.64 and a beta of 1.30.

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

Citigroup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Monday, May 5th will be given a dividend of $0.56 per share. The ex-dividend date is Monday, May 5th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.04%. Citigroup's dividend payout ratio (DPR) is presently 35.39%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on C shares. Evercore ISI decreased their target price on Citigroup from $79.00 to $76.00 and set an "in-line" rating for the company in a research report on Tuesday, April 1st. Truist Financial decreased their price objective on shares of Citigroup from $84.00 to $79.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. The Goldman Sachs Group dropped their target price on shares of Citigroup from $90.00 to $80.00 and set a "buy" rating on the stock in a research note on Wednesday, March 19th. Bank of America reduced their target price on shares of Citigroup from $90.00 to $89.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Finally, TD Cowen assumed coverage on shares of Citigroup in a report on Thursday, May 15th. They issued a "hold" rating and a $83.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Citigroup currently has a consensus rating of "Moderate Buy" and an average target price of $83.97.

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.