Zurcher Kantonalbank Zurich Cantonalbank Purchases 269,665 Shares of Citigroup Inc. $C

by · The Cerbat Gem

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Citigroup Inc. (NYSE:CFree Report) by 25.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,317,952 shares of the company’s stock after acquiring an additional 269,665 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Citigroup were worth $153,792,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Capital World Investors boosted its position in shares of Citigroup by 6.5% in the 3rd quarter. Capital World Investors now owns 47,262,626 shares of the company’s stock worth $4,797,292,000 after purchasing an additional 2,871,074 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of Citigroup by 2.7% during the third quarter. Fisher Asset Management LLC now owns 33,040,513 shares of the company’s stock valued at $3,353,612,000 after acquiring an additional 879,056 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Citigroup by 1.8% during the third quarter. Franklin Resources Inc. now owns 32,870,559 shares of the company’s stock valued at $3,336,362,000 after acquiring an additional 580,027 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Citigroup by 17.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 28,125,995 shares of the company’s stock worth $2,854,788,000 after purchasing an additional 4,211,099 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in Citigroup by 1.6% in the 3rd quarter. Legal & General Group Plc now owns 13,844,014 shares of the company’s stock worth $1,405,167,000 after purchasing an additional 219,100 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Key Headlines Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

Citigroup Trading Down 0.1%

NYSE:C opened at $132.09 on Monday. The company has a market cap of $226.53 billion, a PE ratio of 16.37, a price-to-earnings-growth ratio of 0.60 and a beta of 1.11. The company has a current ratio of 0.99, a quick ratio of 1.00 and a debt-to-equity ratio of 1.59. The company has a 50 day simple moving average of $114.57 and a two-hundred day simple moving average of $110.31. Citigroup Inc. has a 12 month low of $61.95 and a 12 month high of $133.57.

Citigroup (NYSE:CGet Free Report) last released its quarterly earnings results on Tuesday, April 14th. The company reported $3.06 earnings per share for the quarter, beating the consensus estimate of $2.63 by $0.43. The firm had revenue of $24.63 billion for the quarter, compared to analysts’ expectations of $22.96 billion. Citigroup had a return on equity of 9.19% and a net margin of 9.35%.The company’s revenue was up 14.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.96 EPS. Research analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Monday, May 4th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Monday, May 4th. This represents a $2.40 dividend on an annualized basis and a yield of 1.8%. Citigroup’s dividend payout ratio is currently 29.74%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on C. Wells Fargo & Company increased their price objective on shares of Citigroup from $150.00 to $160.00 and gave the company an “overweight” rating in a research report on Wednesday. UBS Group reaffirmed a “neutral” rating and issued a $132.00 target price on shares of Citigroup in a report on Thursday, January 15th. TD Cowen reiterated a “hold” rating on shares of Citigroup in a report on Wednesday, January 7th. Truist Financial raised their price target on shares of Citigroup from $133.00 to $139.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, The Goldman Sachs Group boosted their price objective on shares of Citigroup from $137.00 to $151.00 and gave the stock a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Citigroup has a consensus rating of “Moderate Buy” and a consensus target price of $135.94.

View Our Latest Analysis on Citigroup

Insider Transactions at Citigroup

In other Citigroup news, insider Cantu Ernesto Torres sold 43,173 shares of the firm’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $111.09, for a total value of $4,796,088.57. Following the transaction, the insider directly owned 45,835 shares of the company’s stock, valued at approximately $5,091,810.15. This trade represents a 48.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.11% of the company’s stock.

Citigroup Company Profile

(Free Report)

Citigroup Inc is a global financial services company headquartered in New York City with roots tracing back to the City Bank of New York, founded in 1812. The modern Citigroup was created through the 1998 merger of Citicorp and Travelers Group and has since operated as a diversified bank holding company that provides a broad range of banking and financial products and services to consumers, corporations, governments and institutions worldwide.

Citi’s principal businesses include retail and commercial banking, credit card and consumer lending products, wealth management and private banking, and a full suite of institutional services.

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