Oregon Public Employees Retirement Fund Sells 5,576 Shares of Citigroup Inc. $C

Oregon Public Employees Retirement Fund lowered its holdings in Citigroup Inc. (NYSE:C) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 204,884 shares of the company’s stock after selling 5,576 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Citigroup were worth $23,908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of C. Wolff Wiese Magana LLC increased its holdings in Citigroup by 87.6% in the 3rd quarter. Wolff Wiese Magana LLC now owns 257 shares of the company’s stock worth $26,000 after buying an additional 120 shares in the last quarter. Richards Merrill & Peterson Inc. bought a new position in Citigroup during the 4th quarter valued at about $28,000. Dunhill Financial LLC lifted its stake in Citigroup by 92.2% during the 3rd quarter. Dunhill Financial LLC now owns 319 shares of the company’s stock valued at $32,000 after acquiring an additional 153 shares during the period. Luken Investment Analytics LLC purchased a new stake in shares of Citigroup during the 4th quarter valued at about $32,000. Finally, Guerra Advisors Inc purchased a new stake in shares of Citigroup during the 3rd quarter valued at about $33,000. 71.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

C has been the subject of several research reports. Truist Financial set a $147.00 price objective on shares of Citigroup in a report on Friday, May 1st. Piper Sandler reaffirmed an “overweight” rating and issued a $145.00 target price (up from $125.00) on shares of Citigroup in a research report on Wednesday, April 15th. JPMorgan Chase & Co. boosted their target price on shares of Citigroup from $131.00 to $135.50 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Wells Fargo & Company increased their price target on Citigroup from $160.00 to $162.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Finally, The Goldman Sachs Group raised their price target on Citigroup from $137.00 to $151.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $137.62.

Insider Transactions at Citigroup

In other news, insider Edward Skyler sold 25,000 shares of Citigroup stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $131.41, for a total transaction of $3,285,250.00. Following the transaction, the insider directly owned 182,022 shares of the company’s stock, valued at $23,919,511.02. The trade was a 12.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John Cunningham Dugan sold 2,117 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $125.30, for a total value of $265,260.10. Following the transaction, the director owned 12,194 shares of the company’s stock, valued at approximately $1,527,908.20. This trade represents a 14.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 94,435 shares of company stock valued at $11,030,074 over the last quarter. 0.11% of the stock is currently owned by company insiders.

Key Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup’s strong quarterly earnings beat and revenue upside continue to support confidence in the bank’s operating momentum.
• Positive Sentiment: The newly authorized $30 billion buyback program reinforces Citi’s capital return strategy and could help support the share price. What’s Fueling Citigroup’s Robust Capital Return Strategy?
• Neutral Sentiment: Citigroup also disclosed routine participation notifications, but these filings do not appear to be major stock catalysts.
• Negative Sentiment: Director John Cunningham Dugan’s sale of 2,117 shares may slightly weigh on sentiment, though the transaction size is relatively modest. SEC Director Sale Filing

Citigroup Stock Performance

Shares of NYSE C opened at $126.32 on Wednesday. Citigroup Inc. has a 12-month low of $71.65 and a 12-month high of $135.29. The firm has a market capitalization of $215.45 billion, a price-to-earnings ratio of 15.65, a price-to-earnings-growth ratio of 0.56 and a beta of 1.14. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.59. The firm has a 50 day moving average of $118.72 and a 200 day moving average of $113.60.

Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, April 14th. The company reported $3.06 earnings per share for the quarter, topping the consensus estimate of $2.63 by $0.43. Citigroup had a net margin of 9.35% and a return on equity of 9.19%. The business had revenue of $24.63 billion for the quarter, compared to the consensus estimate of $22.96 billion. During the same period last year, the firm earned $1.96 earnings per share. The company’s quarterly revenue was up 14.1% on a year-over-year basis. On average, research analysts anticipate that Citigroup Inc. will post 10.65 earnings per share for the current year.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Monday, May 4th will be given a $0.60 dividend. The ex-dividend date is Monday, May 4th. This represents a $2.40 dividend on an annualized basis and a yield of 1.9%. Citigroup’s dividend payout ratio is presently 29.74%.

Citigroup announced that its Board of Directors has initiated a share buyback program on Thursday, May 7th that permits the company to repurchase $30.00 billion in shares. This repurchase authorization permits the company to repurchase up to 13.7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Citigroup Profile

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.