Teachers Retirement System of The State of Kentucky bought a new stake in shares of Citigroup Inc. (NYSE:C – Get Rating) during the 3rd quarter, Holdings Channel.com reports. The firm bought 184,303 shares of the company’s stock, valued at approximately $7,680,000.
Several other hedge funds and other institutional investors have also made changes to their positions in C. Snider Financial Group lifted its holdings in shares of Citigroup by 96,645.9% during the 1st quarter. Snider Financial Group now owns 84,494,926 shares of the company’s stock valued at $4,512,000 after acquiring an additional 84,407,589 shares in the last quarter. Two Sigma Investments LP lifted its holdings in shares of Citigroup by 16,821.8% during the 3rd quarter. Two Sigma Investments LP now owns 4,246,690 shares of the company’s stock valued at $176,960,000 after acquiring an additional 4,221,594 shares in the last quarter. Barclays PLC increased its stake in Citigroup by 43.4% during the 3rd quarter. Barclays PLC now owns 11,605,973 shares of the company’s stock worth $483,623,000 after buying an additional 3,512,239 shares during the period. HoldCo Asset Management LP increased its stake in Citigroup by 29,945.1% during the 2nd quarter. HoldCo Asset Management LP now owns 3,000,000 shares of the company’s stock worth $137,970,000 after buying an additional 2,990,015 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in Citigroup during the 2nd quarter worth $133,317,000. Institutional investors and hedge funds own 70.90% of the company’s stock.
Analyst Upgrades and Downgrades
C has been the topic of several analyst reports. StockNews.com initiated coverage on shares of Citigroup in a research note on Thursday. They set a “hold” rating on the stock. Oppenheimer lifted their price target on shares of Citigroup from $83.00 to $87.00 and gave the stock an “outperform” rating in a research note on Thursday, February 2nd. Piper Sandler lifted their price target on shares of Citigroup from $47.00 to $51.00 in a research note on Tuesday, January 17th. Bank of America lifted their price target on shares of Citigroup from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, January 16th. Finally, Barclays lifted their price target on shares of Citigroup from $57.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $56.47.
Insider Buying and Selling at Citigroup
Citigroup Price Performance
Shares of NYSE:C opened at $44.25 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.49. Citigroup Inc. has a fifty-two week low of $40.01 and a fifty-two week high of $58.25. The firm has a 50-day simple moving average of $50.17 and a 200 day simple moving average of $47.41. The company has a market cap of $86.01 billion, a PE ratio of 6.32, a P/E/G ratio of 1.59 and a beta of 1.59.
Citigroup (NYSE:C – Get Rating) last announced its quarterly earnings data on Friday, January 13th. The company reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.08). Citigroup had a net margin of 14.73% and a return on equity of 8.14%. The business had revenue of $18.01 billion for the quarter, compared to the consensus estimate of $17.91 billion. On average, sell-side analysts anticipate that Citigroup Inc. will post 5.94 EPS for the current year.
Citigroup Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, February 24th. Shareholders of record on Monday, February 6th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date was Friday, February 3rd. Citigroup’s payout ratio is 29.14%.
Citigroup, Inc is a holding company, which engages in the provision of financial products and services. It operates through the following segments: Global Consumer Banking, Institutional Clients Group, and Corporate and Other. The Global Consumer Banking segment provides traditional banking services to retail customers through retail banking, including commercial banking, and Citi-branded cards and Citi retail services.
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