US Bancorp DE Decreases Position in Citigroup Inc. (NYSE:C)

US Bancorp DE decreased its position in shares of Citigroup Inc. (NYSE:C) by 7.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 528,895 shares of the company’s stock after selling 45,333 shares during the quarter. US Bancorp DE’s holdings in Citigroup were worth $27,206,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fisher Asset Management LLC grew its stake in shares of Citigroup by 8.0% during the 4th quarter. Fisher Asset Management LLC now owns 24,751,813 shares of the company’s stock valued at $1,273,233,000 after purchasing an additional 1,832,819 shares during the period. Northern Trust Corp grew its position in Citigroup by 1.2% during the third quarter. Northern Trust Corp now owns 20,051,311 shares of the company’s stock valued at $824,710,000 after buying an additional 232,652 shares during the period. Norges Bank bought a new stake in Citigroup during the fourth quarter valued at approximately $867,599,000. Pzena Investment Management LLC increased its holdings in Citigroup by 1.3% during the fourth quarter. Pzena Investment Management LLC now owns 16,850,636 shares of the company’s stock valued at $866,797,000 after buying an additional 223,206 shares during the last quarter. Finally, Greenhaven Associates Inc. raised its position in Citigroup by 22.4% in the fourth quarter. Greenhaven Associates Inc. now owns 16,113,305 shares of the company’s stock worth $828,868,000 after acquiring an additional 2,948,512 shares during the period. Institutional investors own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company reissued an “overweight” rating and issued a $80.00 target price on shares of Citigroup in a report on Monday, April 1st. StockNews.com upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a report on Tuesday, March 19th. Piper Sandler increased their price objective on shares of Citigroup from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Keefe, Bruyette & Woods lifted their target price on Citigroup from $54.00 to $66.00 and gave the stock a “market perform” rating in a report on Friday, April 5th. Finally, Morgan Stanley raised Citigroup from an “underweight” rating to an “overweight” rating and increased their price target for the company from $46.00 to $65.00 in a research note on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, Citigroup has a consensus rating of “Moderate Buy” and a consensus target price of $63.66.

Citigroup Trading Up 0.9 %

Shares of NYSE C traded up $0.56 during midday trading on Friday, hitting $63.58. The company’s stock had a trading volume of 9,424,967 shares, compared to its average volume of 10,878,002. Citigroup Inc. has a 12-month low of $38.17 and a 12-month high of $64.98. 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 firm has a market cap of $121.28 billion, a P/E ratio of 18.81, a price-to-earnings-growth ratio of 0.94 and a beta of 1.49. The business’s 50 day moving average is $61.76 and its two-hundred day moving average is $55.07.

Citigroup (NYSE:C) last issued its earnings results on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.29. The business 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%. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.86 EPS. As a group, equities research analysts expect that Citigroup Inc. will post 5.98 EPS for the current year.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Monday, May 6th were issued 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 dividend yield of 3.33%. Citigroup’s dividend payout ratio is presently 62.72%.

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.