Citigroup Inc. (NYSE:C) Shares Bought by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lifted its position in Citigroup Inc. (NYSE:C) by 23.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,454,456 shares of the company’s stock after acquiring an additional 277,502 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.08% of Citigroup worth $90,967,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Essex Savings Bank bought a new stake in shares of Citigroup in the 4th quarter worth approximately $243,000. Farmers & Merchants Investments Inc. raised its stake in Citigroup by 9.1% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 70,788 shares of the company’s stock valued at $3,641,000 after acquiring an additional 5,910 shares in the last quarter. Parcion Private Wealth LLC bought a new stake in Citigroup during the 4th quarter valued at $211,000. Venturi Wealth Management LLC raised its stake in Citigroup by 52.5% during the 4th quarter. Venturi Wealth Management LLC now owns 796 shares of the company’s stock valued at $41,000 after acquiring an additional 274 shares in the last quarter. Finally, LVZ Inc. raised its stake in Citigroup by 7.9% during the 4th quarter. LVZ Inc. now owns 9,722 shares of the company’s stock valued at $500,000 after acquiring an additional 708 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Price Performance

Shares of C stock traded down $4.52 during trading hours on Friday, hitting $58.76. The company had a trading volume of 30,289,346 shares, compared to its average volume of 13,975,021. Citigroup Inc. has a 12 month low of $38.17 and a 12 month high of $67.81. The firm has a market capitalization of $112.08 billion, a price-to-earnings ratio of 16.46, a PEG ratio of 0.68 and a beta of 1.46. The firm’s fifty day moving average is $63.03 and its 200 day moving average is $60.14. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.95 and a current ratio of 0.94.

Citigroup (NYSE:C) last released its quarterly earnings data on Friday, July 12th. The company reported $1.52 earnings per share 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 analyst estimates of $20.07 billion. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. The company’s revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.37 EPS. On average, sell-side analysts predict that Citigroup Inc. will post 5.85 EPS for the current fiscal year.

Citigroup Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Monday, August 5th will be issued a dividend of $0.56 per share. This is an increase from Citigroup’s previous quarterly dividend of $0.53. The ex-dividend date is Monday, August 5th. This represents a $2.24 annualized dividend and a yield of 3.81%. Citigroup’s dividend payout ratio is currently 59.38%.

Analyst Ratings Changes

Several brokerages have recently issued reports on C. Royal Bank of Canada lifted their price target on Citigroup from $63.00 to $66.00 and gave the company an “outperform” rating in a research report on Monday, June 17th. Jefferies Financial Group lifted their price target on Citigroup from $56.00 to $65.00 and gave the company a “hold” rating in a research report on Monday, April 8th. Morgan Stanley lifted their target price on Citigroup from $66.00 to $79.00 and gave the stock an “overweight” rating in a report on Tuesday. Keefe, Bruyette & Woods lifted their target price on Citigroup from $66.00 to $69.00 and gave the stock a “market perform” rating in a report on Thursday, June 20th. Finally, Piper Sandler lifted their price target on Citigroup from $70.00 to $73.00 and gave the company an “overweight” rating in a report on Monday, July 15th. One equities research 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $68.06.

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.