National Pension Service Increases Holdings in Citigroup Inc. (NYSE:C)

National Pension Service raised its stake in Citigroup Inc. (NYSE:C) by 2.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,332,499 shares of the company’s stock after purchasing an additional 65,503 shares during the quarter. National Pension Service owned about 0.17% of Citigroup worth $171,424,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Fisher Asset Management LLC lifted its holdings in Citigroup by 8.0% in the 4th quarter. Fisher Asset Management LLC now owns 24,751,813 shares of the company’s stock worth $1,273,233,000 after buying an additional 1,832,819 shares in the last quarter. Northern Trust Corp boosted its holdings in Citigroup by 1.2% in the third quarter. Northern Trust Corp now owns 20,051,311 shares of the company’s stock valued at $824,710,000 after purchasing an additional 232,652 shares during the last quarter. Pzena Investment Management LLC grew its stake in Citigroup by 3.0% during the 3rd quarter. Pzena Investment Management LLC now owns 16,627,430 shares of the company’s stock valued at $683,886,000 after purchasing an additional 486,952 shares in the last quarter. Greenhaven Associates Inc. raised its position in shares of Citigroup by 22.4% in the 4th quarter. Greenhaven Associates Inc. now owns 16,113,305 shares of the company’s stock valued at $828,868,000 after purchasing an additional 2,948,512 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Citigroup by 2.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 14,146,772 shares of the company’s stock valued at $727,710,000 after buying an additional 395,571 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Stock Up 1.2 %

Shares of C traded up $0.75 during mid-day trading on Wednesday, reaching $62.75. The company’s stock had a trading volume of 9,754,241 shares, compared to its average volume of 16,539,840. Citigroup Inc. has a 1 year low of $38.17 and a 1 year high of $63.90. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50. The company has a market cap of $120.18 billion, a price-to-earnings ratio of 18.57, a price-to-earnings-growth ratio of 0.92 and a beta of 1.49. The business has a fifty day moving average of $59.98 and a 200 day moving average of $53.10.

Citigroup (NYSE:C) last posted its quarterly earnings results on Friday, April 12th. The company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.29 by $0.29. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The business had revenue of $21.10 billion during the quarter, compared to analysts’ expectations of $20.46 billion. During the same period last year, the company posted $1.86 earnings per share. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. As a group, analysts forecast that Citigroup Inc. will post 5.98 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be paid a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 3.38%. The ex-dividend date is Friday, May 3rd. Citigroup’s payout ratio is presently 62.72%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on C. Oppenheimer cut their price objective on Citigroup from $87.00 to $86.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 30th. Keefe, Bruyette & Woods lifted their price objective on shares of Citigroup from $54.00 to $66.00 and gave the stock a “market perform” rating in a report on Friday, April 5th. Piper Sandler increased their target price on shares of Citigroup from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Morgan Stanley raised shares of Citigroup from an “underweight” rating to an “overweight” rating and lifted their price target for the company from $46.00 to $65.00 in a report on Tuesday, January 30th. Finally, Evercore ISI increased their price objective on shares of Citigroup from $58.00 to $60.00 and gave the stock an “in-line” rating in a research note on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $62.85.

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.