Aspiriant LLC purchased a new stake in Citigroup Inc. (NYSE:C – Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,466 shares of the company’s stock, valued at approximately $219,000.
Several other hedge funds also recently added to or reduced their stakes in C. Kentucky Retirement Systems grew its stake in Citigroup by 2.6% during 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 stake in shares of Citigroup by 17.6% in the fourth quarter. Simplicity Solutions LLC now owns 27,791 shares of the company’s stock valued at $1,430,000 after purchasing an additional 4,150 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Citigroup by 56.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,245,693 shares of the company’s stock valued at $64,078,000 after acquiring an additional 449,310 shares in the last quarter. GFS Advisors LLC bought a new stake in shares of Citigroup during the 4th quarter worth about $2,003,000. Finally, TD Asset Management Inc boosted its stake in Citigroup by 21.8% during the fourth quarter. TD Asset Management Inc now owns 967,655 shares of the company’s stock valued at $49,776,000 after buying an additional 173,137 shares in the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.
Citigroup Stock Down 0.5 %
Shares of C stock opened at $61.25 on Thursday. Citigroup Inc. has a one year low of $38.17 and a one year high of $64.98. The stock has a market cap of $116.83 billion, a P/E ratio of 18.12, a price-to-earnings-growth ratio of 0.94 and a beta of 1.48. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a fifty day moving average price of $61.91 and a 200 day moving average price of $57.73.
Citigroup Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Monday, May 6th were given a $0.53 dividend. The ex-dividend date of this dividend was Friday, May 3rd. This represents a $2.12 dividend on an annualized basis and a yield of 3.46%. Citigroup’s payout ratio is 62.72%.
Analysts Set New Price Targets
Several analysts have issued reports on C shares. HSBC boosted their price objective on Citigroup from $61.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. The Goldman Sachs Group restated a “buy” rating on shares of Citigroup in a research note on Monday, April 1st. Morgan Stanley restated an “overweight” rating and set a $65.00 target price on shares of Citigroup in a report on Thursday, June 20th. Oppenheimer decreased their price target on Citigroup from $87.00 to $86.00 and set an “outperform” rating for the company in a research note on Tuesday, April 30th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Citigroup from $66.00 to $69.00 and gave the stock a “market perform” rating in a research report on Thursday, June 20th. One equities 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $65.03.
Get Our Latest Research Report on Citigroup
About Citigroup
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.
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