Citigroup Inc. (NYSE:C) is Janney Capital Management LLC’s 7th Largest Position

Janney Capital Management LLC boosted its holdings in Citigroup Inc. (NYSE:C) by 23.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 357,795 shares of the company’s stock after purchasing an additional 67,576 shares during the quarter. Citigroup comprises 1.7% of Janney Capital Management LLC’s investment portfolio, making the stock its 7th largest holding. Janney Capital Management LLC’s holdings in Citigroup were worth $25,400,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. raised its position in Citigroup by 3.4% in the 4th quarter. American Century Companies Inc. now owns 352,948 shares of the company’s stock valued at $24,844,000 after purchasing an additional 11,674 shares during the last quarter. Invesco Ltd. raised its position in Citigroup by 13.8% during the 4th quarter. Invesco Ltd. now owns 16,247,095 shares of the company’s stock worth $1,143,633,000 after buying an additional 1,970,300 shares during the last quarter. Candriam S.C.A. raised its position in Citigroup by 12.7% during the 4th quarter. Candriam S.C.A. now owns 200,860 shares of the company’s stock worth $14,139,000 after buying an additional 22,657 shares during the last quarter. Brighton Jones LLC raised its position in Citigroup by 166.9% during the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock worth $1,407,000 after buying an additional 12,499 shares during the last quarter. Finally, Unified Investment Management purchased a new position in Citigroup during the 4th quarter worth $658,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

C has been the subject of a number of analyst reports. Keefe, Bruyette & Woods restated an “outperform” rating and set a $92.00 price objective (down previously from $96.00) on shares of Citigroup in a research report on Wednesday, April 16th. Piper Sandler restated an “overweight” rating and set a $77.00 price objective (down previously from $83.00) on shares of Citigroup in a research report on Wednesday, April 16th. Wall Street Zen upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a research report on Sunday, June 1st. TD Cowen initiated coverage on shares of Citigroup in a research report on Thursday, May 15th. They set a “hold” rating and a $83.00 price objective for the company. Finally, The Goldman Sachs Group upped their price objective on shares of Citigroup from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, June 10th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $84.30.

Citigroup Price Performance

Shares of NYSE C opened at $78.28 on Thursday. The stock has a market cap of $146.20 billion, a price-to-earnings ratio of 12.37, a PEG ratio of 0.60 and a beta of 1.33. Citigroup Inc. has a 52 week low of $53.51 and a 52 week high of $84.74. The company’s 50-day moving average price is $71.94 and its 200 day moving average price is $73.16. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.52.

Citigroup (NYSE:C) last issued 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. The firm had revenue of $21.60 billion for the quarter, compared to analysts’ expectations of $21.34 billion. Citigroup had a net margin of 7.95% and a return on equity of 6.94%. As a group, research analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 5th were paid a $0.56 dividend. The ex-dividend date was Monday, May 5th. This represents a $2.24 dividend on an annualized basis and a yield of 2.86%. Citigroup’s payout ratio is 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.