226,142 Shares in Citigroup Inc. (NYSE:C) Bought by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. bought a new position in shares of Citigroup Inc. (NYSE:C) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 226,142 shares of the company’s stock, valued at approximately $14,301,000.

Several other large investors have also bought and sold shares of the stock. Orion Capital Management LLC acquired a new stake in Citigroup during the 4th quarter worth about $26,000. Frazier Financial Advisors LLC acquired a new stake in Citigroup during the 4th quarter worth about $29,000. Beaird Harris Wealth Management LLC grew its holdings in Citigroup by 1,962.1% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 598 shares of the company’s stock worth $31,000 after acquiring an additional 569 shares during the period. Rakuten Securities Inc. acquired a new stake in Citigroup during the 4th quarter worth about $35,000. Finally, Tennessee Valley Asset Management Partners acquired a new stake in Citigroup during the 4th quarter worth about $39,000. 71.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on C shares. Argus increased their price target on Citigroup from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Piper Sandler increased their price target on Citigroup from $70.00 to $73.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. Evercore ISI raised their target price on Citigroup from $60.00 to $62.00 and gave the company an “in-line” rating in a research note on Wednesday, July 3rd. Oppenheimer raised their target price on Citigroup from $85.00 to $86.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Finally, HSBC raised their target price on Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $67.25.

Citigroup Trading Up 0.4 %

Shares of NYSE:C traded up $0.25 during midday trading on Friday, hitting $65.14. 8,583,112 shares of the stock traded hands, compared to its average volume of 14,301,064. The stock has a market capitalization of $124.25 billion, a PE ratio of 18.25, a P/E/G ratio of 0.71 and a beta of 1.46. The business’s 50 day moving average is $63.00 and its two-hundred day moving average is $59.44. The company has a quick ratio of 0.95, a current ratio of 0.94 and a debt-to-equity ratio of 1.47. Citigroup Inc. has a one year low of $38.17 and a one year high of $67.81.

Citigroup (NYSE:C) last issued its quarterly earnings data on Friday, July 12th. The company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.39 by $0.13. The firm had revenue of $20.14 billion during the quarter, compared to the consensus estimate of $20.07 billion. Citigroup had a net margin of 4.95% and a return on equity of 6.26%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.37 earnings per share. As a group, research analysts forecast that Citigroup Inc. will post 5.82 earnings per share for the current year.

Citigroup Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Monday, August 5th will be given a dividend of $0.56 per share. The ex-dividend date is Monday, August 5th. This represents a $2.24 annualized dividend and a dividend yield of 3.44%. This is a boost from Citigroup’s previous quarterly dividend of $0.53. Citigroup’s payout ratio is currently 62.75%.

About Citigroup

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.