Citigroup Inc. (NYSE:C) is River Global Investors LLP’s 9th Largest Position

River Global Investors LLP decreased its holdings in shares of Citigroup Inc. (NYSE:C) by 7.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,525 shares of the company’s stock after selling 13,141 shares during the period. Citigroup comprises approximately 1.6% of River Global Investors LLP’s investment portfolio, making the stock its 9th largest holding. River Global Investors LLP’s holdings in Citigroup were worth $8,519,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new stake in Citigroup in the 4th quarter valued at $2,109,120,000. Greenhaven Associates Inc. raised its holdings in Citigroup by 22.4% in the 4th quarter. Greenhaven Associates Inc. now owns 16,113,305 shares of the company’s stock valued at $828,868,000 after buying an additional 2,948,512 shares during the period. AQR Capital Management LLC lifted its position in Citigroup by 42.4% in the third quarter. AQR Capital Management LLC now owns 6,484,540 shares of the company’s stock valued at $266,709,000 after buying an additional 1,930,296 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of Citigroup by 8.0% during the fourth quarter. Fisher Asset Management LLC now owns 24,751,813 shares of the company’s stock valued at $1,273,233,000 after acquiring an additional 1,832,819 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in shares of Citigroup by 251.1% in the 3rd quarter. Canada Pension Plan Investment Board now owns 2,356,177 shares of the company’s stock valued at $96,910,000 after acquiring an additional 1,685,100 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Wall Street Analysts Forecast Growth

C has been the topic of several research reports. Societe Generale cut shares of Citigroup from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. Jefferies Financial Group upped their price objective on Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a research report on Monday, April 8th. BMO Capital Markets lowered Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 target price for the company. in a report on Wednesday, January 10th. Piper Sandler upped their price target on Citigroup from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Finally, HSBC lifted their price objective on Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Citigroup presently has an average rating of “Moderate Buy” and an average target price of $62.85.

Citigroup Price Performance

C stock traded up $0.51 during midday trading on Friday, hitting $61.52. 11,048,877 shares of the stock were exchanged, compared to its average volume of 15,112,875. Citigroup Inc. has a fifty-two week low of $38.17 and a fifty-two week high of $63.90. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.95 and a current ratio of 0.95. The stock’s 50-day moving average price is $59.70 and its 200-day moving average price is $52.62. The stock has a market cap of $117.83 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 0.92 and a beta of 1.49.

Citigroup (NYSE:C) last announced its quarterly earnings data 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. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The business had revenue of $21.10 billion for the quarter, compared to analyst estimates of $20.46 billion. During the same period in the prior year, the firm posted $1.86 EPS. The company’s revenue was down 1.6% on a year-over-year basis. Research analysts predict that Citigroup Inc. will post 5.98 earnings per share for the current year.

Citigroup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 6th will be given a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 3.45%. The ex-dividend date of this dividend is Friday, May 3rd. Citigroup’s payout ratio is 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.