Asset Management One Co. Ltd. Grows Holdings in Citigroup Inc. (NYSE:C)

Asset Management One Co. Ltd. raised its holdings in shares of Citigroup Inc. (NYSE:C) by 11.4% in the 1st quarter, Holdings Channel reports. The firm owned 897,192 shares of the company’s stock after purchasing an additional 91,622 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Citigroup were worth $63,692,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in C. Brighton Jones LLC grew its stake in Citigroup by 166.9% in the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock worth $1,407,000 after purchasing an additional 12,499 shares in the last quarter. Bradley Foster & Sargent Inc. CT bought a new position in shares of Citigroup during the 4th quarter worth $278,000. Pinnacle Financial Partners Inc increased its stake in shares of Citigroup by 1,499.0% during the fourth quarter. Pinnacle Financial Partners Inc now owns 3,118 shares of the company’s stock valued at $218,000 after buying an additional 2,923 shares during the period. MONECO Advisors LLC raised its holdings in shares of Citigroup by 14.9% in the fourth quarter. MONECO Advisors LLC now owns 6,544 shares of the company’s stock valued at $461,000 after acquiring an additional 848 shares in the last quarter. Finally, Delta Financial Group Inc. purchased a new stake in Citigroup in the fourth quarter worth about $342,000. 71.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on C. Royal Bank Of Canada cut their target price on shares of Citigroup from $85.00 to $78.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 16th. Evercore ISI cut their price objective on shares of Citigroup from $79.00 to $76.00 and set an “in-line” rating on the stock in a report on Tuesday, April 1st. TD Cowen started coverage on Citigroup in a report on Thursday, May 15th. They set a “hold” rating and a $83.00 target price for the company. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $92.00 price target (down from $96.00) on shares of Citigroup in a report on Wednesday, April 16th. Finally, Truist Financial reduced their price target on Citigroup from $84.00 to $79.00 and set a “buy” rating for the company in a research report on Wednesday, April 16th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Citigroup currently has a consensus rating of “Moderate Buy” and an average target price of $83.30.

Insider Buying and Selling at Citigroup

In other news, Director John Cunningham Dugan sold 4,417 shares of the 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 directly owns 13,048 shares of the company’s stock, valued at approximately $890,656.48. This represents a 25.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.08% of the stock is currently owned by company insiders.

Citigroup Stock Up 1.2%

Shares of C stock opened at $79.42 on Tuesday. The stock’s fifty day moving average price is $72.93 and its 200 day moving average price is $73.33. Citigroup Inc. has a 1-year low of $53.51 and a 1-year high of $84.74. The company has a market cap of $148.34 billion, a price-to-earnings ratio of 12.55, a price-to-earnings-growth ratio of 0.60 and a beta of 1.33. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.98 and a quick ratio of 0.98.

Citigroup (NYSE:C) last issued 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. Citigroup had a return on equity of 6.94% and a net margin of 7.95%. The business had revenue of $21.60 billion during the quarter, compared to the consensus estimate of $21.34 billion. On average, research analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Monday, May 5th were given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend was Monday, May 5th. Citigroup’s dividend payout ratio is presently 35.39%.

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.