Tokio Marine Asset Management Co. Ltd. Raises Holdings in Citigroup Inc. (NYSE:C)

Tokio Marine Asset Management Co. Ltd. raised its stake in Citigroup Inc. (NYSE:C) by 6.7% during the fourth quarter, Holdings Channel reports. The firm owned 41,602 shares of the company’s stock after purchasing an additional 2,627 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Citigroup were worth $2,140,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. Carmel Capital Partners LLC bought a new stake in shares of Citigroup during the third quarter valued at about $25,000. Rakuten Securities Inc. bought a new stake in Citigroup in the fourth quarter worth approximately $35,000. GHP Investment Advisors Inc. lifted its stake in shares of Citigroup by 73.8% in the third quarter. GHP Investment Advisors Inc. now owns 683 shares of the company’s stock worth $28,000 after buying an additional 290 shares during the last quarter. AlphaMark Advisors LLC raised its stake in Citigroup by 75.0% during the 3rd quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock valued at $29,000 after purchasing an additional 300 shares during the last quarter. Finally, Tennessee Valley Asset Management Partners bought a new stake in shares of Citigroup in the 4th quarter worth about $39,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Stock Performance

C traded down $0.73 on Thursday, hitting $61.74. 6,590,744 shares of the company’s stock were exchanged, compared to its average volume of 16,954,627. The firm has a market cap of $118.25 billion, a PE ratio of 18.23, a P/E/G ratio of 0.94 and a beta of 1.52. Citigroup Inc. has a twelve month low of $38.17 and a twelve month high of $63.90. The stock has a fifty day moving average of $58.81 and a two-hundred day moving average of $51.70. 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 posted its quarterly earnings results on Friday, April 12th. The company reported $1.58 earnings per share (EPS) 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 firm had revenue of $21.10 billion for the quarter, compared to analyst estimates of $20.46 billion. During the same quarter in the previous year, the business posted $1.86 earnings per share. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, research analysts anticipate that Citigroup Inc. will post 5.97 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be paid a dividend of $0.53 per share. The ex-dividend date is Friday, May 3rd. This represents a $2.12 annualized dividend and a yield of 3.43%. Citigroup’s dividend payout ratio is 62.72%.

Analyst Ratings Changes

Several research firms recently weighed in on C. Evercore ISI lifted their price objective on shares of Citigroup from $58.00 to $60.00 and gave the stock an “in-line” rating in a research note on Thursday, April 4th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $80.00 price objective on shares of Citigroup in a research report on Monday, April 1st. BMO Capital Markets downgraded Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 price objective for the company. in a research note on Wednesday, January 10th. Piper Sandler increased 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, Wolfe Research upgraded Citigroup from a “peer perform” rating to an “outperform” rating and set a $58.00 price objective on the stock in a research note on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $62.91.

Citigroup Company 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.