MASTERINVEST Kapitalanlage GmbH Invests $4.56 Million in Citigroup Inc. $C

by · The Markets Daily

MASTERINVEST Kapitalanlage GmbH acquired a new stake in shares of Citigroup Inc. (NYSE:C – Free Report) during the second quarter, HoldingsChannel reports. The fund acquired 53,525 shares of the company’s stock, valued at approximately $4,556,000.

A number of other large investors have also added to or reduced their stakes in the stock. Truvestments Capital LLC lifted its holdings in shares of Citigroup by 131.6% during the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock valued at $31,000 after buying an additional 246 shares during the period. Howard Hughes Medical Institute purchased a new stake in Citigroup during the second quarter valued at $34,000. DHJJ Financial Advisors Ltd. lifted its holdings in Citigroup by 157.1% in the second quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock valued at $35,000 after acquiring an additional 253 shares during the period. WPG Advisers LLC purchased a new position in Citigroup in the first quarter worth about $38,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Citigroup during the 2nd quarter valued at about $38,000. Institutional investors own 71.72% of the company’s stock.

Analyst Ratings Changes

C has been the topic of several recent research reports. Truist Financial increased their price objective on shares of Citigroup from $105.00 to $112.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Zacks Research downgraded shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Barclays lifted their price target on shares of Citigroup from $100.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Wells Fargo & Company raised their target price on Citigroup from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Tuesday, September 16th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Citigroup in a report on Wednesday, October 8th. Twelve investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $112.47.

Check Out Our Latest Analysis on C

Citigroup Price Performance

Shares of Citigroup stock opened at $111.82 on Friday. The company has a market capitalization of $200.07 billion, a price-to-earnings ratio of 15.70, a PEG ratio of 0.55 and a beta of 1.21. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.62. The stock’s 50-day simple moving average is $101.21 and its 200-day simple moving average is $94.39. Citigroup Inc. has a 52 week low of $55.51 and a 52 week high of $113.43.

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

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Monday, November 3rd were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Monday, November 3rd. Citigroup’s payout ratio is currently 33.71%.

Citigroup Profile

(Free Report)

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.

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