Citigroup Inc. (NYSE:C) Shares Bought by Brandes Investment Partners LP

Brandes Investment Partners LP increased its position in Citigroup Inc. (NYSE:CGet Rating) by 5.7% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 2,149,755 shares of the company’s stock after acquiring an additional 116,620 shares during the quarter. Citigroup accounts for 2.5% of Brandes Investment Partners LP’s holdings, making the stock its 9th largest position. Brandes Investment Partners LP’s holdings in Citigroup were worth $114,797,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Gordian Capital Singapore Pte Ltd bought a new stake in Citigroup in the fourth quarter valued at approximately $31,000. Valley Forge Investment Consultants Inc. ADV boosted its holdings in Citigroup by 98.1% in the fourth quarter. Valley Forge Investment Consultants Inc. ADV now owns 535 shares of the company’s stock valued at $32,000 after acquiring an additional 265 shares during the last quarter. Cyrus J. Lawrence LLC bought a new stake in Citigroup in the first quarter valued at approximately $32,000. Rational Advisors LLC boosted its holdings in shares of Citigroup by 71.1% during the 1st quarter. Rational Advisors LLC now owns 592 shares of the company’s stock worth $32,000 after buying an additional 246 shares in the last quarter. Finally, DeDora Capital Inc. bought a new position in shares of Citigroup during the 1st quarter worth approximately $33,000. Institutional investors and hedge funds own 74.91% of the company’s stock.

Citigroup Stock Performance

Shares of Citigroup stock traded down $0.64 during trading hours on Wednesday, hitting $53.54. 343,003 shares of the company’s stock traded hands, compared to its average volume of 16,524,995. Citigroup Inc. has a 12-month low of $43.44 and a 12-month high of $73.90. The stock has a market capitalization of $103.69 billion, a price-to-earnings ratio of 6.87, a PEG ratio of 0.67 and a beta of 1.60. The company has a fifty day simple moving average of $49.35 and a 200-day simple moving average of $53.38. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.93 and a quick ratio of 0.93.

Citigroup (NYSE:CGet Rating) last announced its earnings results on Friday, July 15th. The company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.63. The firm had revenue of $19.64 billion during the quarter, compared to analyst estimates of $18.32 billion. Citigroup had a return on equity of 10.25% and a net margin of 20.06%. The business’s revenue was up 10.6% compared to the same quarter last year. During the same period last year, the firm posted $2.84 EPS. Equities research analysts anticipate that Citigroup Inc. will post 7.24 EPS for the current fiscal year.

Citigroup Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 26th. Stockholders of record on Monday, August 1st will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, July 29th. This represents a $2.04 annualized dividend and a dividend yield of 3.81%. Citigroup’s payout ratio is 26.09%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on C. Royal Bank of Canada cut their price target on Citigroup from $65.00 to $60.00 and set an “outperform” rating on the stock in a report on Monday, June 27th. Piper Sandler cut their price target on Citigroup from $70.00 to $62.00 and set an “overweight” rating on the stock in a report on Friday, July 1st. TheStreet lowered Citigroup from a “b-” rating to a “c+” rating in a research report on Tuesday, June 21st. Credit Suisse Group lowered their target price on Citigroup from $58.00 to $56.00 and set a “neutral” rating on the stock in a research report on Monday, July 18th. Finally, Morgan Stanley lowered their target price on Citigroup from $57.00 to $46.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 12th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Citigroup has an average rating of “Hold” and an average target price of $62.95.

Citigroup Profile

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Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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