Citigroup Inc. (NYSE:C) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its holdings in shares of Citigroup Inc. (NYSE:C) by 1.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 241,238 shares of the company’s stock after selling 3,314 shares during the period. Mutual of America Capital Management LLC’s holdings in Citigroup were worth $17,125,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of C. Capital World Investors increased its stake in Citigroup by 455.2% in the 4th quarter. Capital World Investors now owns 31,352,582 shares of the company’s stock valued at $2,206,908,000 after purchasing an additional 25,705,141 shares in the last quarter. Capital International Investors increased its stake in Citigroup by 148.6% in the 4th quarter. Capital International Investors now owns 4,524,890 shares of the company’s stock valued at $318,507,000 after purchasing an additional 2,704,783 shares in the last quarter. Northern Trust Corp grew its holdings in Citigroup by 13.9% during the 4th quarter. Northern Trust Corp now owns 20,232,550 shares of the company’s stock valued at $1,424,169,000 after buying an additional 2,467,958 shares during the last quarter. GAMMA Investing LLC grew its holdings in Citigroup by 7,899.8% during the 1st quarter. GAMMA Investing LLC now owns 2,430,414 shares of the company’s stock valued at $172,535,000 after buying an additional 2,400,033 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Citigroup by 16.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,497,812 shares of the company’s stock valued at $879,721,000 after buying an additional 1,794,597 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Insiders Place Their Bets

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total value of $271,200.00. Following the completion of the sale, the director directly owned 2,140 shares in the company, valued at $193,456. This represents a 58.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.08% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on C. UBS Group restated a “neutral” rating and set a $89.00 price objective on shares of Citigroup in a report on Tuesday, July 15th. Morgan Stanley raised their price objective on Citigroup from $103.00 to $107.00 and gave the stock an “overweight” rating in a report on Wednesday, July 16th. Keefe, Bruyette & Woods restated a “buy” rating on shares of Citigroup in a report on Wednesday, July 16th. TD Cowen raised their price objective on Citigroup from $85.00 to $95.00 and gave the stock a “hold” rating in a report on Wednesday, July 16th. Finally, Evercore ISI set a $77.00 price objective on Citigroup in a report on Monday, July 7th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $96.54.

Citigroup Stock Performance

Shares of C stock opened at $92.24 on Thursday. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 1.61. The business has a 50 day moving average of $85.40 and a two-hundred day moving average of $77.25. Citigroup Inc. has a 52 week low of $55.51 and a 52 week high of $96.90. The company has a market cap of $172.28 billion, a P/E ratio of 13.63, a PEG ratio of 0.79 and a beta of 1.38.

Citigroup (NYSE:C) last issued its quarterly earnings data on Tuesday, July 15th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.35. The business had revenue of $21.67 billion during the quarter, compared to the consensus estimate of $20.75 billion. Citigroup had a return on equity of 7.29% and a net margin of 8.44%. The business’s revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.52 earnings per share. As a group, analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Monday, August 4th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.6%. This is a positive change from Citigroup’s previous quarterly dividend of $0.56. The ex-dividend date is Monday, August 4th. Citigroup’s payout ratio is currently 35.45%.

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.