Citigroup Inc. (NYSE:C) Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its stake in Citigroup Inc. (NYSE:C) by 4.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,735,740 shares of the company’s stock after acquiring an additional 75,347 shares during the period. Robeco Institutional Asset Management B.V. owned 0.09% of Citigroup worth $122,179,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Creative Planning raised its holdings in shares of Citigroup by 2.9% during the second quarter. Creative Planning now owns 378,990 shares of the company’s stock worth $24,051,000 after purchasing an additional 10,518 shares during the period. NewEdge Advisors LLC raised its holdings in shares of Citigroup by 58.4% during the second quarter. NewEdge Advisors LLC now owns 127,121 shares of the company’s stock worth $8,067,000 after purchasing an additional 46,890 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Citigroup by 2.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 125,696 shares of the company’s stock worth $7,977,000 after purchasing an additional 3,004 shares during the period. EP Wealth Advisors LLC grew its position in shares of Citigroup by 23.6% during the second quarter. EP Wealth Advisors LLC now owns 17,342 shares of the company’s stock worth $1,101,000 after acquiring an additional 3,313 shares during the last quarter. Finally, 3Chopt Investment Partners LLC bought a new position in shares of Citigroup during the second quarter worth about $406,000. 71.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Keefe, Bruyette & Woods upped their price target on shares of Citigroup from $85.00 to $92.00 and gave the stock an “outperform” rating in a research report on Thursday, January 16th. Piper Sandler restated an “overweight” rating and set a $83.00 price target (up previously from $80.00) on shares of Citigroup in a research report on Thursday, January 16th. Truist Financial started coverage on shares of Citigroup in a research report on Tuesday, January 7th. They issued a “buy” rating and a $85.00 target price for the company. Wells Fargo & Company increased their target price on shares of Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Finally, Oppenheimer decreased their target price on shares of Citigroup from $110.00 to $102.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Citigroup currently has an average rating of “Moderate Buy” and an average target price of $83.93.

Citigroup Price Performance

NYSE C opened at $79.97 on Wednesday. The company has a 50 day simple moving average of $72.93 and a 200-day simple moving average of $66.32. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market capitalization of $151.24 billion, a price-to-earnings ratio of 13.44, a price-to-earnings-growth ratio of 0.65 and a beta of 1.43. Citigroup Inc. has a 52-week low of $52.24 and a 52-week high of $82.77.

Citigroup (NYSE:C) last posted its earnings results on Wednesday, January 15th. The company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.12. The firm had revenue of $19.58 billion during the quarter, compared to analysts’ expectations of $19.51 billion. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. The company’s revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.84 earnings per share. Equities research analysts predict that Citigroup Inc. will post 7.51 earnings per share for the current fiscal year.

Citigroup declared that its board has approved a share buyback plan on Wednesday, January 15th that permits the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 13.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 3rd will be paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Monday, February 3rd. Citigroup’s dividend payout ratio (DPR) is presently 37.65%.

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.