503,200 Shares in Citigroup Inc. $C Bought by GMT Capital Corp

GMT Capital Corp purchased a new stake in Citigroup Inc. (NYSE:C) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 503,200 shares of the company’s stock, valued at approximately $42,832,000. Citigroup makes up about 1.8% of GMT Capital Corp’s investment portfolio, making the stock its 18th biggest holding.

A number of other large investors have also recently bought and sold shares of the company. Keystone Financial Services acquired a new stake in shares of Citigroup during the 2nd quarter worth approximately $216,000. Brighton Jones LLC raised its position in Citigroup by 166.9% during the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock valued at $1,407,000 after purchasing an additional 12,499 shares in the last quarter. Hayek Kallen Investment Management lifted its stake in Citigroup by 125.0% during the first quarter. Hayek Kallen Investment Management now owns 15,534 shares of the company’s stock worth $1,103,000 after purchasing an additional 8,630 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Citigroup by 3.9% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 257,930 shares of the company’s stock valued at $21,955,000 after purchasing an additional 9,644 shares in the last quarter. Finally, D.B. Root & Company LLC bought a new position in shares of Citigroup in the 1st quarter valued at $203,000. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

C has been the subject of several recent analyst reports. Barclays upped their price objective on Citigroup from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Bank of America increased their target price on shares of Citigroup from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Piper Sandler set a $118.00 price target on shares of Citigroup in a research note on Wednesday. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Citigroup in a research report on Wednesday. Finally, Oppenheimer dropped their price objective on shares of Citigroup from $123.00 to $120.00 and set an “outperform” rating for the company in a research note on Wednesday, November 19th. Twelve equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $112.47.

Citigroup Stock Up 0.1%

Shares of NYSE C opened at $111.82 on Friday. The company has a 50 day simple moving average of $101.21 and a 200 day simple moving average of $94.26. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.99 and a quick ratio of 0.99. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $113.43. The firm has a market cap of $200.07 billion, a PE ratio of 15.70, a price-to-earnings-growth ratio of 0.55 and a beta of 1.21.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, October 14th. The company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.35. The firm had revenue of $22.09 billion for the quarter, compared to analyst estimates of $20.92 billion. Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.51 EPS. On average, research analysts forecast that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Monday, November 3rd were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Monday, November 3rd. Citigroup’s dividend payout ratio (DPR) is currently 33.71%.

Citigroup 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.