Quadrature Capital Ltd Purchases 279,347 Shares of Citigroup Inc. (NYSE:C)

Quadrature Capital Ltd grew its stake in Citigroup Inc. (NYSE:C) by 552.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 329,889 shares of the company’s stock after acquiring an additional 279,347 shares during the period. Quadrature Capital Ltd’s holdings in Citigroup were worth $16,976,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Fisher Asset Management LLC raised its stake in shares of Citigroup by 8.0% in the fourth quarter. Fisher Asset Management LLC now owns 24,751,813 shares of the company’s stock worth $1,273,233,000 after acquiring an additional 1,832,819 shares during the last quarter. Northern Trust Corp grew its position in shares of Citigroup by 1.2% during the 3rd quarter. Northern Trust Corp now owns 20,051,311 shares of the company’s stock worth $824,710,000 after buying an additional 232,652 shares during the period. Norges Bank acquired a new stake in shares of Citigroup during the 4th quarter worth approximately $867,599,000. Pzena Investment Management LLC grew its position in shares of Citigroup by 1.3% during the 4th quarter. Pzena Investment Management LLC now owns 16,850,636 shares of the company’s stock worth $866,797,000 after buying an additional 223,206 shares during the period. Finally, Greenhaven Associates Inc. grew its position in shares of Citigroup by 22.4% during the 4th quarter. Greenhaven Associates Inc. now owns 16,113,305 shares of the company’s stock worth $828,868,000 after buying an additional 2,948,512 shares during the period. 71.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on C shares. Evercore ISI boosted their price objective on shares of Citigroup from $58.00 to $60.00 and gave the company an “in-line” rating in a report on Thursday, April 4th. Piper Sandler boosted their price objective on shares of Citigroup from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Keefe, Bruyette & Woods boosted their price objective on shares of Citigroup from $54.00 to $66.00 and gave the company a “market perform” rating in a report on Friday, April 5th. StockNews.com upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a report on Tuesday, March 19th. Finally, Wells Fargo & Company restated an “overweight” rating and set a $80.00 price objective on shares of Citigroup in a report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Citigroup presently has an average rating of “Moderate Buy” and an average price target of $63.66.

Citigroup Stock Performance

NYSE C traded down $0.16 on Friday, hitting $61.78. 8,260,840 shares of the stock were exchanged, compared to its average volume of 9,451,270. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.95 and a quick ratio of 0.95. The business’s fifty day moving average is $61.94 and its 200 day moving average is $56.44. Citigroup Inc. has a 52 week low of $38.17 and a 52 week high of $64.98. The company has a market capitalization of $117.84 billion, a PE ratio of 18.28, a P/E/G ratio of 0.93 and a beta of 1.48.

Citigroup (NYSE:C) last released its quarterly earnings results on Friday, April 12th. The company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.29 by $0.29. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The business had revenue of $21.10 billion for the quarter, compared to the consensus estimate of $20.46 billion. During the same period in the prior year, the company posted $1.86 earnings per share. Citigroup’s revenue was down 1.6% compared to the same quarter last year. Research analysts anticipate that Citigroup Inc. will post 5.96 EPS for the current fiscal year.

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Monday, May 6th were paid a dividend of $0.53 per share. The ex-dividend date of this dividend was Friday, May 3rd. This represents a $2.12 dividend on an annualized basis and a yield of 3.43%. Citigroup’s payout ratio is 62.72%.

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.