Van Lanschot Kempen Investment Management N.V. Buys 35,197 Shares of Citigroup Inc. (NYSE:C)

Van Lanschot Kempen Investment Management N.V. boosted its position in shares of Citigroup Inc. (NYSE:C) by 1.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 2,459,686 shares of the company’s stock after acquiring an additional 35,197 shares during the quarter. Citigroup accounts for 1.7% of Van Lanschot Kempen Investment Management N.V.’s investment portfolio, making the stock its 13th largest holding. Van Lanschot Kempen Investment Management N.V.’s holdings in Citigroup were worth $173,137,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Advisory Resource Group grew its position in shares of Citigroup by 3.7% during the third quarter. Advisory Resource Group now owns 72,947 shares of the company’s stock worth $4,566,000 after purchasing an additional 2,590 shares in the last quarter. Te Ahumairangi Investment Management Ltd grew its holdings in Citigroup by 6.7% during the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 202,691 shares of the company’s stock valued at $12,617,000 after buying an additional 12,810 shares in the last quarter. Anchor Investment Management LLC raised its position in shares of Citigroup by 24.4% during the third quarter. Anchor Investment Management LLC now owns 2,557 shares of the company’s stock valued at $160,000 after buying an additional 501 shares during the last quarter. World Investment Advisors LLC lifted its holdings in shares of Citigroup by 36.6% in the third quarter. World Investment Advisors LLC now owns 21,527 shares of the company’s stock worth $1,348,000 after buying an additional 5,763 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its position in shares of Citigroup by 432.6% during the third quarter. Wilmington Savings Fund Society FSB now owns 38,191 shares of the company’s stock worth $2,391,000 after acquiring an additional 31,020 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

C has been the topic of several research analyst reports. Evercore ISI decreased their price target on shares of Citigroup from $79.00 to $76.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 1st. Oppenheimer decreased their target price on Citigroup from $110.00 to $102.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Morgan Stanley cut their price target on Citigroup from $110.00 to $109.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. The Goldman Sachs Group decreased their price objective on Citigroup from $90.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, March 19th. Finally, Truist Financial cut their target price 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. Four equities research 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, Citigroup presently has an average rating of “Moderate Buy” and a consensus target price of $84.61.

Citigroup Stock Up 1.8 %

Shares of NYSE C opened at $63.23 on Monday. Citigroup Inc. has a 1 year low of $53.51 and a 1 year high of $84.74. The firm has a 50-day simple moving average of $71.12 and a two-hundred day simple moving average of $71.05. The company has a market cap of $119.01 billion, a P/E ratio of 10.63, a PEG ratio of 0.64 and a beta of 1.29. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.96 and a quick ratio of 0.96.

Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, topping 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 return on equity of 6.62% and a net margin of 7.43%. Research analysts anticipate 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. 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 3.54%. The ex-dividend date is Monday, May 5th. Citigroup’s dividend payout ratio is presently 35.39%.

Citigroup declared that its board has initiated a share buyback plan on Wednesday, January 15th that allows the company to buyback $20.00 billion in outstanding shares. This buyback authorization allows the company to purchase up to 13.5% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Insider Activity at Citigroup

In other news, COO Anand Selvakesari sold 30,000 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $81.10, for a total transaction of $2,433,000.00. Following the transaction, the chief operating officer now owns 229,180 shares in the company, valued at approximately $18,586,498. This trade represents a 11.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Sara Wechter sold 15,125 shares of the company’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $81.01, for a total transaction of $1,225,276.25. Following the completion of the sale, the insider now directly owns 109,780 shares of the company’s stock, valued at approximately $8,893,277.80. This trade represents a 12.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 103,590 shares of company stock worth $8,523,149 in the last 90 days. 0.08% of the stock is owned by corporate insiders.

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.