Citigroup Inc. (NYSE:C) is Greenhaven Associates Inc.’s Largest Position

Greenhaven Associates Inc. lessened its holdings in Citigroup Inc. (NYSE:C) by 1.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,665,843 shares of the company’s stock after selling 204,922 shares during the period. Citigroup comprises about 18.8% of Greenhaven Associates Inc.’s portfolio, making the stock its largest holding. Greenhaven Associates Inc. owned 0.89% of Citigroup worth $1,183,108,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Brighton Jones LLC raised its holdings in shares of Citigroup by 166.9% during the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock valued at $1,407,000 after acquiring an additional 12,499 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Citigroup by 48.9% during the fourth quarter. Blue Trust Inc. now owns 20,247 shares of the company’s stock valued at $1,425,000 after acquiring an additional 6,647 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in shares of Citigroup during the fourth quarter valued at approximately $10,400,000. Pacer Advisors Inc. raised its holdings in shares of Citigroup by 88.0% during the fourth quarter. Pacer Advisors Inc. now owns 266,537 shares of the company’s stock valued at $18,762,000 after acquiring an additional 124,772 shares during the last quarter. Finally, Nilsine Partners LLC raised its holdings in shares of Citigroup by 3.5% during the fourth quarter. Nilsine Partners LLC now owns 12,634 shares of the company’s stock valued at $889,000 after acquiring an additional 429 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Trading Down 0.6%

C opened at $75.04 on Thursday. Citigroup Inc. has a one year low of $53.51 and a one year high of $84.74. The stock has a market capitalization of $140.15 billion, a PE ratio of 12.61, a P/E/G ratio of 0.64 and a beta of 1.30. The business’s 50 day moving average price is $68.85 and its 200 day moving average price is $72.36. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 0.96.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.12. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. The firm had revenue of $21.60 billion for the quarter, compared to analysts’ expectations of $21.34 billion. As a group, equities research analysts expect that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Monday, May 5th were paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date was Monday, May 5th. Citigroup’s dividend payout ratio (DPR) is 35.39%.

Insiders Place Their Bets

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of the company’s stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total transaction of $301,504.42. Following the transaction, the director now directly owns 13,048 shares in the company, valued at $890,656.48. This represents a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.08% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

C has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $92.00 target price (down previously from $96.00) on shares of Citigroup in a report on Wednesday, April 16th. TD Cowen assumed coverage on Citigroup in a research report on Thursday, May 15th. They issued a “hold” rating and a $83.00 price target for the company. Oppenheimer restated an “outperform” rating on shares of Citigroup in a research report on Tuesday, May 20th. Piper Sandler restated an “overweight” rating and issued a $77.00 price target (down from $83.00) on shares of Citigroup in a research report on Wednesday, April 16th. Finally, Evercore ISI dropped their price target on Citigroup from $79.00 to $76.00 and set an “in-line” rating for the company in a research report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $83.97.

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.