Elo Mutual Pension Insurance Co Sells 10,140 Shares of Citigroup Inc. (NYSE:C)

Elo Mutual Pension Insurance Co lessened its position in Citigroup Inc. (NYSE:C) by 5.8% during the 2nd quarter, Holdings Channel reports. The firm owned 163,750 shares of the company’s stock after selling 10,140 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Citigroup were worth $10,392,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in C. TD Asset Management Inc boosted its holdings in Citigroup by 21.8% in the fourth quarter. TD Asset Management Inc now owns 967,655 shares of the company’s stock valued at $49,776,000 after acquiring an additional 173,137 shares during the last quarter. Lloyd Advisory Services LLC. increased its holdings in shares of Citigroup by 355.9% in the first quarter. Lloyd Advisory Services LLC. now owns 19,115 shares of the company’s stock worth $1,209,000 after acquiring an additional 14,922 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of Citigroup by 13.3% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 73,317 shares of the company’s stock worth $4,653,000 after purchasing an additional 8,593 shares during the period. Lazard Asset Management LLC lifted its holdings in shares of Citigroup by 13.4% during the 1st quarter. Lazard Asset Management LLC now owns 201,456 shares of the company’s stock valued at $12,739,000 after purchasing an additional 23,774 shares in the last quarter. Finally, Capital World Investors increased its stake in Citigroup by 9.1% during the 4th quarter. Capital World Investors now owns 4,187,362 shares of the company’s stock worth $215,398,000 after purchasing an additional 350,087 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on C shares. Evercore ISI raised their price objective on shares of Citigroup from $60.00 to $62.00 and gave the stock an “in-line” rating in a report on Wednesday, July 3rd. BMO Capital Markets upped their price objective on Citigroup from $63.00 to $65.00 and gave the stock a “market perform” rating in a research report on Thursday, July 11th. Keefe, Bruyette & Woods lifted their target price on Citigroup from $66.00 to $69.00 and gave the company a “market perform” rating in a research report on Thursday, June 20th. Oppenheimer upped their price target on Citigroup from $85.00 to $86.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Finally, Piper Sandler boosted their price objective on shares of Citigroup from $70.00 to $73.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Citigroup has an average rating of “Moderate Buy” and an average target price of $68.25.

Citigroup Trading Up 1.5 %

C stock opened at $59.30 on Wednesday. The stock has a market cap of $113.10 billion, a price-to-earnings ratio of 16.61, a price-to-earnings-growth ratio of 0.62 and a beta of 1.45. The company has a fifty day moving average price of $61.54 and a two-hundred day moving average price of $61.42. Citigroup Inc. has a one year low of $38.17 and a one year high of $67.81. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.94 and a quick ratio of 0.94.

Citigroup (NYSE:C) last posted its earnings results on Friday, July 12th. The company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.39 by $0.13. The company had revenue of $20.14 billion for the quarter, compared to the consensus estimate of $20.07 billion. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.37 earnings per share. Equities analysts anticipate that Citigroup Inc. will post 5.81 EPS for the current year.

Citigroup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 5th were paid a $0.56 dividend. The ex-dividend date of this dividend was Monday, August 5th. This is an increase from Citigroup’s previous quarterly dividend of $0.53. This represents a $2.24 annualized dividend and a dividend yield of 3.78%. Citigroup’s dividend payout ratio is 62.75%.

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.