7,302 Shares in Citigroup Inc. (NYSE:C) Bought by Jennison Associates LLC

Jennison Associates LLC purchased a new position in Citigroup Inc. (NYSE:C) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,302 shares of the company’s stock, valued at approximately $376,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. My Legacy Advisors LLC grew its stake in shares of Citigroup by 3.3% in the third quarter. My Legacy Advisors LLC now owns 7,873 shares of the company’s stock worth $315,000 after acquiring an additional 254 shares during the last quarter. Atlantic Union Bankshares Corp grew its stake in shares of Citigroup by 17.5% in the third quarter. Atlantic Union Bankshares Corp now owns 17,099 shares of the company’s stock worth $703,000 after acquiring an additional 2,546 shares during the last quarter. Busey Trust CO grew its stake in shares of Citigroup by 2.1% in the third quarter. Busey Trust CO now owns 179,873 shares of the company’s stock worth $7,398,000 after acquiring an additional 3,682 shares during the last quarter. Accurate Wealth Management LLC grew its stake in shares of Citigroup by 8.9% in the third quarter. Accurate Wealth Management LLC now owns 6,105 shares of the company’s stock worth $252,000 after acquiring an additional 499 shares during the last quarter. Finally, Palouse Capital Management Inc. grew its stake in shares of Citigroup by 11.0% in the third quarter. Palouse Capital Management Inc. now owns 67,729 shares of the company’s stock worth $2,786,000 after acquiring an additional 6,708 shares during the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Stock Up 1.4 %

NYSE C opened at $62.66 on Monday. The stock’s 50-day moving average price is $59.09 and its 200-day moving average price is $52.07. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50. Citigroup Inc. has a 52 week low of $38.17 and a 52 week high of $63.90. The company has a market capitalization of $120.01 billion, a P/E ratio of 18.54, a price-to-earnings-growth ratio of 0.94 and a beta of 1.52.

Citigroup (NYSE:C) last posted its quarterly earnings data 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 return on equity of 6.17% and a net margin of 4.90%. The firm had revenue of $21.10 billion for the quarter, compared to the consensus estimate of $20.46 billion. During the same quarter last year, the company earned $1.86 earnings per share. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, equities research analysts predict that Citigroup Inc. will post 5.97 earnings per share for the current year.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders 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 of this dividend is Friday, May 3rd. Citigroup’s dividend payout ratio (DPR) is currently 62.72%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on C shares. Jefferies Financial Group upped their price target on Citigroup from $56.00 to $65.00 and gave the company a “hold” rating in a report on Monday, April 8th. Wolfe Research raised Citigroup from a “peer perform” rating to an “outperform” rating and set a $58.00 price target on the stock in a report on Wednesday, January 3rd. BMO Capital Markets downgraded Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 price target on the stock. in a report on Wednesday, January 10th. Societe Generale downgraded Citigroup from a “hold” rating to a “sell” rating in a report on Monday, January 8th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Citigroup in a report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Citigroup has an average rating of “Moderate Buy” and an average price target of $62.91.

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.