Triglav Skladi D.O.O. Takes Position in Citigroup Inc. (NYSE:C)

Triglav Skladi D.O.O. purchased a new stake in shares of Citigroup Inc. (NYSE:C) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 47,674 shares of the company’s stock, valued at approximately $3,356,000.

Other large investors have also recently modified their holdings of the company. American Century Companies Inc. boosted its position in shares of Citigroup by 3.4% during the 4th quarter. American Century Companies Inc. now owns 352,948 shares of the company’s stock valued at $24,844,000 after acquiring an additional 11,674 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Citigroup by 13.8% during the 4th quarter. Invesco Ltd. now owns 16,247,095 shares of the company’s stock valued at $1,143,633,000 after buying an additional 1,970,300 shares in the last quarter. Candriam S.C.A. raised its holdings in shares of Citigroup by 12.7% during the 4th quarter. Candriam S.C.A. now owns 200,860 shares of the company’s stock valued at $14,139,000 after buying an additional 22,657 shares in the last quarter. Brighton Jones LLC raised its holdings in shares of Citigroup by 166.9% during the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock valued at $1,407,000 after buying an additional 12,499 shares in the last quarter. Finally, Foundations Investment Advisors LLC raised its holdings in shares of Citigroup by 22.3% during the 4th quarter. Foundations Investment Advisors LLC now owns 319,669 shares of the company’s stock valued at $22,502,000 after buying an additional 58,204 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Piper Sandler reissued an “overweight” rating and set a $77.00 price objective (down from $83.00) on shares of Citigroup in a report on Wednesday, April 16th. The Goldman Sachs Group decreased their price objective on Citigroup from $90.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, March 19th. TD Cowen assumed coverage on Citigroup in a report on Thursday. They set a “hold” rating and a $83.00 price objective on the stock. Truist Financial decreased their price objective on Citigroup from $84.00 to $79.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. Finally, Evercore ISI decreased their price objective on Citigroup from $79.00 to $76.00 and set an “in-line” rating on the stock in a report on Tuesday, April 1st. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Citigroup currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.97.

Insider Transactions at Citigroup

In other news, Director John Cunningham Dugan sold 4,417 shares of Citigroup stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total value of $301,504.42. Following the sale, the director now directly owns 13,048 shares in the company, valued at approximately $890,656.48. This trade represents a 25.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.08% of the company’s stock.

Citigroup Price Performance

Shares of Citigroup stock opened at $75.66 on Monday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.96 and a quick ratio of 0.96. The business’s 50 day simple moving average is $68.12 and its two-hundred day simple moving average is $71.98. The stock has a market capitalization of $141.31 billion, a P/E ratio of 12.72, a price-to-earnings-growth ratio of 0.64 and a beta of 1.30. Citigroup Inc. has a one year low of $53.51 and a one year high of $84.74.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.12. The business had revenue of $21.60 billion for the quarter, compared to analysts’ expectations of $21.34 billion. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. Analysts forecast that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Monday, May 5th will be given a $0.56 dividend. The ex-dividend date of this dividend is Monday, May 5th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.96%. Citigroup’s dividend payout ratio is currently 35.39%.

Citigroup Company 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.