79,707 Shares in Citigroup Inc. (NYSE:C) Bought by International Assets Investment Management LLC

International Assets Investment Management LLC purchased a new position in Citigroup Inc. (NYSE:C) in the fourth quarter, Holdings Channel reports. The fund purchased 79,707 shares of the company’s stock, valued at approximately $4,100,000.

Several other large investors also recently made changes to their positions in C. Northern Trust Corp grew its holdings 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 purchasing an additional 232,652 shares during the last quarter. Pzena Investment Management LLC lifted its position in Citigroup by 3.0% during the 3rd quarter. Pzena Investment Management LLC now owns 16,627,430 shares of the company’s stock worth $683,886,000 after acquiring an additional 486,952 shares during the last quarter. Greenhaven Associates Inc. boosted its holdings in Citigroup by 22.4% during the fourth quarter. Greenhaven Associates Inc. now owns 16,113,305 shares of the company’s stock valued at $828,868,000 after acquiring an additional 2,948,512 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Citigroup by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 13,751,201 shares of the company’s stock worth $565,587,000 after purchasing an additional 192,631 shares during the period. Finally, Sanders Capital LLC lifted its position in shares of Citigroup by 0.3% during the 3rd quarter. Sanders Capital LLC now owns 11,496,482 shares of the company’s stock worth $472,850,000 after purchasing an additional 30,501 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Piper Sandler raised their target price on Citigroup from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, April 15th. BMO Capital Markets downgraded shares of Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 price target for the company. in a report on Wednesday, January 10th. Jefferies Financial Group boosted their price objective on shares of Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a report on Monday, April 8th. 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 research report on Friday, April 5th. Finally, StockNews.com raised Citigroup from a “sell” rating to a “hold” rating in a report on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.85.

Citigroup Stock Performance

NYSE:C opened at $62.75 on Thursday. The stock has a market capitalization of $120.18 billion, a P/E ratio of 18.57, a price-to-earnings-growth ratio of 0.92 and a beta of 1.49. Citigroup Inc. has a 1 year low of $38.17 and a 1 year high of $63.90. The firm has a 50 day moving average of $59.98 and a 200-day moving average of $53.10. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.50.

Citigroup (NYSE:C) last announced its earnings results on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.29. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The company had revenue of $21.10 billion during the quarter, compared to analyst estimates 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, sell-side analysts anticipate that Citigroup Inc. will post 5.98 EPS for the current fiscal year.

Citigroup Announces Dividend

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

Citigroup 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.