Raiffeisen Bank International AG Invests $4.63 Million in Citigroup Inc. (NYSE:C)

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

A number of other large investors also recently bought and sold shares of C. Core Alternative Capital grew its holdings in Citigroup by 83.4% during the 4th quarter. Core Alternative Capital now owns 376 shares of the company's stock valued at $26,000 after purchasing an additional 171 shares in the last quarter. Webster Bank N. A. boosted its holdings in Citigroup by 150.0% in the fourth quarter. Webster Bank N. A. now owns 500 shares of the company's stock valued at $35,000 after purchasing an additional 300 shares during the last quarter. Creative Capital Management Investments LLC acquired a new stake in Citigroup during the 4th quarter valued at approximately $35,000. Sierra Ocean LLC purchased a new stake in Citigroup during the 4th quarter worth approximately $37,000. Finally, Runnymede Capital Advisors Inc. purchased a new stake in Citigroup during the 4th quarter worth approximately $39,000. Hedge funds and other institutional investors own 71.72% of the company's stock.

Citigroup Stock Performance

Citigroup stock traded down $0.30 during midday trading on Friday, reaching $75.66. 13,995,671 shares of the stock traded hands, compared to its average volume of 14,522,542. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.50. The firm has a fifty day moving average price of $68.12 and a two-hundred day moving average price of $71.98. The firm has a market cap of $141.31 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 0.64 and a beta of 1.30. Citigroup Inc. has a fifty-two week low of $53.51 and a fifty-two week high of $84.74.

Citigroup (NYSE:C - Get Free Report) last posted its earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. On average, equities research analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

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

Insiders Place Their Bets

In related news, Director John Cunningham Dugan sold 4,417 shares of the business's stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total value of $301,504.42. Following the sale, the director now directly owns 13,048 shares in the company, valued at $890,656.48. The trade was a 25.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.08% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Truist Financial dropped their price objective on Citigroup from $84.00 to $79.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. The Goldman Sachs Group decreased their price objective on shares of Citigroup from $90.00 to $80.00 and set a "buy" rating for the company in a report on Wednesday, March 19th. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $92.00 price objective (down from $96.00) on shares of Citigroup in a report on Wednesday, April 16th. JPMorgan Chase & Co. decreased their price objective on shares of Citigroup from $85.50 to $75.50 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Finally, Evercore ISI decreased their price objective on shares of Citigroup from $79.00 to $76.00 and set an "in-line" rating for the company in a report on Tuesday, April 1st. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $83.97.

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.