Blue Trust Inc. Has $432,000 Stock Position in Citigroup Inc. $C

Blue Trust Inc. lifted its stake in Citigroup Inc. (NYSE:C) by 16.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,070 shares of the company’s stock after acquiring an additional 729 shares during the period. Blue Trust Inc.’s holdings in Citigroup were worth $432,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of C. Goldman Sachs Group Inc. lifted its position in Citigroup by 179.5% in the first quarter. Goldman Sachs Group Inc. now owns 14,534,297 shares of the company’s stock worth $1,031,790,000 after purchasing an additional 9,334,038 shares during the period. Nuveen LLC bought a new position in Citigroup in the first quarter worth $578,100,000. Amundi lifted its position in Citigroup by 78.4% in the first quarter. Amundi now owns 13,713,517 shares of the company’s stock worth $973,523,000 after purchasing an additional 6,026,268 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Citigroup by 6.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 41,101,459 shares of the company’s stock valued at $2,917,794,000 after acquiring an additional 2,539,769 shares during the period. Finally, B. Metzler seel. Sohn & Co. AG increased its stake in Citigroup by 2,230.8% in the first quarter. B. Metzler seel. Sohn & Co. AG now owns 2,630,308 shares of the company’s stock valued at $186,726,000 after acquiring an additional 2,517,459 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on C shares. TD Cowen upped their target price on shares of Citigroup from $85.00 to $95.00 and gave the company a “hold” rating in a research note on Wednesday, July 16th. Oppenheimer dropped their price objective on Citigroup from $124.00 to $123.00 and set an “outperform” rating for the company in a research note on Tuesday, September 23rd. The Goldman Sachs Group increased their price objective on Citigroup from $85.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. Piper Sandler increased their price objective on Citigroup from $84.00 to $104.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 16th. Finally, Dbs Bank lowered Citigroup from a “moderate buy” rating to a “hold” rating in a research note on Monday, September 22nd. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Citigroup has an average rating of “Moderate Buy” and a consensus price target of $99.68.

Insider Activity at Citigroup

In other news, Director Peter B. Henry sold 3,000 shares of the stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total transaction of $271,200.00. Following the sale, the director directly owned 2,140 shares of the company’s stock, valued at $193,456. This represents a 58.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.08% of the stock is owned by company insiders.

Citigroup Stock Performance

Shares of NYSE:C opened at $96.18 on Tuesday. Citigroup Inc. has a twelve month low of $55.51 and a twelve month high of $105.59. The firm has a market cap of $177.05 billion, a PE ratio of 14.21, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.99 and a current ratio of 0.99. The business has a fifty day moving average of $97.09 and a 200-day moving average of $84.05.

Citigroup (NYSE:C) last announced its earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.35. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.The company had revenue of $21.67 billion during the quarter, compared to analyst estimates of $20.75 billion. During the same period last year, the company posted $1.52 earnings per share. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. On average, equities research analysts predict that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Monday, November 3rd will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.5%. Citigroup’s dividend payout ratio (DPR) is currently 35.45%.

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.