ING Groep NV Buys Shares of 4,394 Citigroup Inc. (NYSE:C)

ING Groep NV bought a new stake in shares of Citigroup Inc. (NYSE:CFree Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,394 shares of the company’s stock, valued at approximately $226,000.

Other institutional investors have also made changes to their positions in the company. Kentucky Retirement Systems increased its stake in shares of Citigroup by 2.6% in the fourth quarter. Kentucky Retirement Systems now owns 153,131 shares of the company’s stock worth $7,877,000 after purchasing an additional 3,808 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in Citigroup during the third quarter valued at about $209,000. Simplicity Solutions LLC increased its stake in Citigroup by 17.6% during the fourth quarter. Simplicity Solutions LLC now owns 27,791 shares of the company’s stock valued at $1,430,000 after acquiring an additional 4,150 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Citigroup by 56.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,245,693 shares of the company’s stock valued at $64,078,000 after acquiring an additional 449,310 shares during the period. Finally, GFS Advisors LLC bought a new position in Citigroup during the fourth quarter valued at about $2,003,000. 71.72% of the stock is currently owned by institutional investors.

Citigroup Stock Performance

Shares of Citigroup stock opened at $63.83 on Thursday. The firm has a fifty day moving average of $61.52 and a two-hundred day moving average of $54.87. The stock has a market capitalization of $121.75 billion, a price-to-earnings ratio of 18.88, a PEG ratio of 0.97 and a beta of 1.49. Citigroup Inc. has a 52 week low of $38.17 and a 52 week high of $64.98. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.95 and a current ratio of 0.95.

Citigroup (NYSE:CGet Free Report) last released its quarterly earnings data on Friday, April 12th. The company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.29. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The business had revenue of $21.10 billion during the quarter, compared to analysts’ expectations of $20.46 billion. During the same quarter in the prior year, the company earned $1.86 EPS. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. As a group, equities research analysts predict that Citigroup Inc. will post 5.98 EPS for the current year.

Citigroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date is Friday, May 3rd. Citigroup’s dividend payout ratio is currently 62.72%.

Analysts Set New Price Targets

C has been the topic of several research reports. Keefe, Bruyette & Woods boosted their price target on Citigroup from $54.00 to $66.00 and gave the company a “market perform” rating in a research note on Friday, April 5th. Jefferies Financial Group boosted their price target on Citigroup from $56.00 to $65.00 and gave the company a “hold” rating in a research note on Monday, April 8th. Oppenheimer lowered their price target on Citigroup from $87.00 to $86.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 30th. HSBC boosted their price target on Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Finally, Evercore ISI lifted their price objective on Citigroup from $58.00 to $60.00 and gave the company an “in-line” rating in a report on Thursday, April 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Citigroup has an average rating of “Moderate Buy” and a consensus target price of $62.85.

Read Our Latest Report on C

Citigroup Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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