State of Alaska Department of Revenue Acquires 4,335 Shares of Citigroup Inc. (NYSE:C)

State of Alaska Department of Revenue increased its holdings in Citigroup Inc. (NYSE:C) by 2.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 220,014 shares of the company’s stock after purchasing an additional 4,335 shares during the quarter. State of Alaska Department of Revenue’s holdings in Citigroup were worth $15,618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Norges Bank bought a new stake in Citigroup during the 4th quarter valued at approximately $1,935,599,000. Capital World Investors boosted its position in Citigroup by 455.2% during the 4th quarter. Capital World Investors now owns 31,352,582 shares of the company’s stock valued at $2,206,908,000 after acquiring an additional 25,705,141 shares in the last quarter. FMR LLC boosted its position in Citigroup by 29.7% during the 4th quarter. FMR LLC now owns 34,362,176 shares of the company’s stock valued at $2,418,754,000 after acquiring an additional 7,863,718 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Citigroup during the 4th quarter valued at approximately $198,231,000. Finally, Franklin Resources Inc. boosted its position in Citigroup by 9.3% during the 4th quarter. Franklin Resources Inc. now owns 32,832,063 shares of the company’s stock valued at $2,311,048,000 after acquiring an additional 2,804,850 shares in the last quarter. 71.72% of the stock is owned by institutional investors.

Citigroup Price Performance

Shares of NYSE C opened at $77.37 on Wednesday. Citigroup Inc. has a twelve month low of $53.51 and a twelve month high of $84.74. The firm has a market cap of $144.51 billion, a P/E ratio of 12.22, a PEG ratio of 0.60 and a beta of 1.33. The company has a 50 day moving average of $71.66 and a 200 day moving average of $73.13. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.52.

Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.12. Citigroup had a net margin of 7.95% and a return on equity of 6.94%. The company had revenue of $21.60 billion during the quarter, compared to analyst estimates of $21.34 billion. As a group, research analysts expect that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Monday, May 5th were given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend was Monday, May 5th. Citigroup’s dividend payout ratio (DPR) is presently 35.39%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. JPMorgan Chase & Co. cut their price objective on Citigroup from $85.50 to $75.50 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. Wall Street Zen upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a report on Sunday, June 1st. Truist Financial lowered their target price on shares of Citigroup from $84.00 to $79.00 and set a “buy” rating for the company in a report on Wednesday, April 16th. Morgan Stanley lowered their target price on shares of Citigroup from $110.00 to $109.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. Finally, Royal Bank Of Canada lowered their target price on shares of Citigroup from $85.00 to $78.00 and set an “outperform” rating for the company in a report on Wednesday, April 16th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $84.30.

Insiders Place Their Bets

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of Citigroup stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total value of $301,504.42. Following the completion of the sale, the director now owns 13,048 shares of the company’s stock, valued at approximately $890,656.48. The trade was a 25.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.08% of the stock is currently owned by insiders.

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.