Massmutual Trust Co. FSB ADV Raises Stock Holdings in Citigroup Inc. (NYSE:C)

Massmutual Trust Co. FSB ADV grew its holdings in Citigroup Inc. (NYSE:C) by 4.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,973 shares of the company’s stock after buying an additional 285 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Citigroup were worth $441,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Kentucky Retirement Systems boosted its holdings in Citigroup by 2.6% in the 4th quarter. Kentucky Retirement Systems now owns 153,131 shares of the company’s stock worth $7,877,000 after buying an additional 3,808 shares during the last quarter. Simplicity Solutions LLC increased its position in shares of Citigroup by 17.6% during the fourth quarter. Simplicity Solutions LLC now owns 27,791 shares of the company’s stock worth $1,430,000 after purchasing an additional 4,150 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Citigroup by 56.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,245,693 shares of the company’s stock worth $64,078,000 after purchasing an additional 449,310 shares in the last quarter. GFS Advisors LLC acquired a new position in Citigroup in the 4th quarter valued at $2,003,000. Finally, TD Asset Management Inc boosted its stake in Citigroup by 21.8% during the 4th quarter. TD Asset Management Inc now owns 967,655 shares of the company’s stock worth $49,776,000 after purchasing an additional 173,137 shares during the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

C has been the subject of several recent research reports. Royal Bank of Canada increased their price target on Citigroup from $63.00 to $66.00 and gave the company an “outperform” rating in a report on Monday. Piper Sandler lifted their target price on Citigroup from $67.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Wells Fargo & Company reiterated an “overweight” rating and issued a $80.00 target price on shares of Citigroup in a report on Monday, April 1st. Jefferies Financial Group lifted their price objective on shares of Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a research report on Monday, April 8th. Finally, Morgan Stanley reissued an “overweight” rating and set a $65.00 price objective on shares of Citigroup in a report on Thursday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $65.03.

Citigroup Stock Performance

Shares of C stock opened at $60.65 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.50. The stock has a 50 day simple moving average of $61.70 and a 200-day simple moving average of $57.27. The company has a market cap of $115.69 billion, a price-to-earnings ratio of 17.94, a price-to-earnings-growth ratio of 0.91 and a beta of 1.48. Citigroup Inc. has a 12-month low of $38.17 and a 12-month high of $64.98.

Citigroup (NYSE:C) last released its quarterly earnings data on Friday, April 12th. The company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.29. The firm had revenue of $21.10 billion during the quarter, compared to analysts’ expectations of $20.46 billion. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. Citigroup’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.86 earnings per share. On average, equities analysts forecast that Citigroup Inc. will post 5.96 EPS for the current year.

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Monday, May 6th were issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date of this dividend was Friday, May 3rd. Citigroup’s dividend payout ratio is currently 62.72%.

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.