Citigroup Inc. (NYSE:C) Shares Acquired by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lifted its holdings in shares of Citigroup Inc. (NYSE:C) by 0.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 21,445,879 shares of the company’s stock after acquiring an additional 10,493 shares during the period. Massachusetts Financial Services Co. MA owned approximately 1.12% of Citigroup worth $1,360,955,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of C. Waycross Partners LLC increased its stake in Citigroup by 11.9% during the 2nd quarter. Waycross Partners LLC now owns 177,931 shares of the company’s stock valued at $11,292,000 after purchasing an additional 18,988 shares in the last quarter. Brown Brothers Harriman & Co. increased its position in shares of Citigroup by 116.9% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 10,622 shares of the company’s stock valued at $674,000 after acquiring an additional 5,724 shares during the period. Poehling Capital Management INC. raised its stake in Citigroup by 1.4% in the 2nd quarter. Poehling Capital Management INC. now owns 62,756 shares of the company’s stock worth $3,982,000 after acquiring an additional 896 shares during the last quarter. Thompson Siegel & Walmsley LLC lifted its position in Citigroup by 1.4% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 73,563 shares of the company’s stock worth $4,668,000 after acquiring an additional 985 shares during the period. Finally, Mystic Asset Management Inc. lifted its position in Citigroup by 1.2% during the 2nd quarter. Mystic Asset Management Inc. now owns 23,286 shares of the company’s stock worth $1,478,000 after acquiring an additional 272 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Analyst Ratings Changes

C has been the subject of several research analyst reports. Royal Bank of Canada raised their price objective on Citigroup from $63.00 to $66.00 and gave the stock an “outperform” rating in a research note on Monday, June 17th. Argus raised their price target on shares of Citigroup from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. BMO Capital Markets upped their price objective on shares of Citigroup from $63.00 to $65.00 and gave the company a “market perform” rating in a report on Thursday, July 11th. Oppenheimer raised their target price on shares of Citigroup from $85.00 to $86.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Finally, Piper Sandler upped their price target on shares of Citigroup from $70.00 to $73.00 and gave the company an “overweight” rating in a report on Monday, July 15th. One 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $68.25.

Citigroup Trading Up 0.6 %

Shares of C stock opened at $57.67 on Monday. Citigroup Inc. has a 1-year low of $38.17 and a 1-year high of $67.81. The company has a market cap of $110.00 billion, a price-to-earnings ratio of 16.15, a PEG ratio of 0.62 and a beta of 1.45. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a 50 day simple moving average of $61.81 and a 200-day simple moving average of $61.38.

Citigroup (NYSE:C) last posted its quarterly earnings data on Friday, July 12th. The company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.13. Citigroup had a net margin of 4.95% and a return on equity of 6.26%. The company had revenue of $20.14 billion during the quarter, compared to analysts’ expectations of $20.07 billion. During the same period in the prior year, the business posted $1.37 earnings per share. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, equities research analysts expect that Citigroup Inc. will post 5.81 EPS for the current fiscal year.

Citigroup Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 5th were issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 3.88%. This is a boost from Citigroup’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Monday, August 5th. Citigroup’s payout ratio is presently 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.