Amalgamated Bank Raises Stock Holdings in Citigroup Inc. (NYSE:C)

Amalgamated Bank increased its position in Citigroup Inc. (NYSE:C – Get Rating) by 1.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 504,006 shares of the company’s stock after acquiring an additional 6,548 shares during the period. Amalgamated Bank’s holdings in Citigroup were worth $22,796,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in C. Snider Financial Group increased its stake in shares of Citigroup by 96,645.9% in the 1st quarter. Snider Financial Group now owns 84,494,926 shares of the company’s stock valued at $4,512,000 after purchasing an additional 84,407,589 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Citigroup by 314.2% in the 4th quarter. Franklin Resources Inc. now owns 8,842,059 shares of the company’s stock valued at $399,926,000 after purchasing an additional 6,707,169 shares in the last quarter. Two Sigma Investments LP increased its stake in shares of Citigroup by 16,821.8% in the 3rd quarter. Two Sigma Investments LP now owns 4,246,690 shares of the company’s stock valued at $176,960,000 after purchasing an additional 4,221,594 shares in the last quarter. National Bank of Canada FI increased its stake in shares of Citigroup by 290.6% in the 4th quarter. National Bank of Canada FI now owns 5,312,427 shares of the company’s stock valued at $240,280,000 after purchasing an additional 3,952,516 shares in the last quarter. Finally, California Public Employees Retirement System increased its stake in shares of Citigroup by 49.3% in the 4th quarter. California Public Employees Retirement System now owns 6,587,633 shares of the company’s stock valued at $297,959,000 after purchasing an additional 2,175,293 shares in the last quarter. Hedge funds and other institutional investors own 70.90% of the company’s stock.

Analyst Upgrades and Downgrades

C has been the topic of several research analyst reports. Piper Sandler lifted their price objective on Citigroup from $47.00 to $53.00 and gave the stock a “neutral” rating in a report on Monday, April 17th. Royal Bank of Canada lowered their target price on Citigroup from $55.00 to $51.00 and set an “outperform” rating on the stock in a report on Friday, March 24th. StockNews.com initiated coverage on Citigroup in a report on Thursday, May 18th. They set a “hold” rating on the stock. Wells Fargo & Company boosted their target price on Citigroup from $62.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, April 17th. Finally, Credit Suisse Group lowered their target price on Citigroup from $54.00 to $50.00 in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $54.68.

Insider Buying and Selling

In other news, insider Zdenek Turek sold 12,000 shares of the company’s stock in a transaction dated Tuesday, April 18th. The shares were sold at an average price of $49.87, for a total value of $598,440.00. Following the sale, the insider now owns 155,979 shares in the company, valued at approximately $7,778,672.73. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.09% of the stock is currently owned by insiders.

Citigroup Price Performance

Shares of C traded up $0.10 during mid-day trading on Friday, reaching $44.33. 4,803,543 shares of the company’s stock were exchanged, compared to its average volume of 18,378,207. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.48. The company has a 50-day simple moving average of $46.37 and a two-hundred day simple moving average of $47.72. Citigroup Inc. has a 52-week low of $40.01 and a 52-week high of $54.56. The company has a market cap of $86.30 billion, a price-to-earnings ratio of 6.17, a PEG ratio of 1.45 and a beta of 1.57.

Citigroup (NYSE:C – Get Rating) last announced its earnings results on Friday, April 14th. The company reported $2.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.53. Citigroup had a net margin of 12.96% and a return on equity of 7.84%. The firm had revenue of $21.40 billion for the quarter, compared to analyst estimates of $20.07 billion. During the same quarter last year, the business earned $2.02 earnings per share. Citigroup’s revenue was up 11.5% compared to the same quarter last year. On average, sell-side analysts predict that Citigroup Inc. will post 6 EPS for the current fiscal year.

Citigroup Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 26th. Investors of record on Monday, May 1st will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 4.60%. The ex-dividend date of this dividend is Friday, April 28th. Citigroup’s dividend payout ratio (DPR) is 28.45%.

About Citigroup

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Citigroup, Inc is a holding company, which engages in the provision of financial products and services. It operates through the following segments: Global Consumer Banking, Institutional Clients Group, and Corporate and Other. The Global Consumer Banking segment provides traditional banking services to retail customers through retail banking, including commercial banking, and Citi-branded cards and Citi retail services.