Murphy Pohlad Asset Management LLC Raises Holdings in Citigroup Inc. (NYSE:C)

Murphy Pohlad Asset Management LLC boosted its stake in shares of Citigroup Inc. (NYSE:C) by 4.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 55,272 shares of the company’s stock after acquiring an additional 2,600 shares during the period. Citigroup accounts for approximately 1.8% of Murphy Pohlad Asset Management LLC’s portfolio, making the stock its 17th biggest position. Murphy Pohlad Asset Management LLC’s holdings in Citigroup were worth $4,021,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of C. Norges Bank acquired a new position in shares of Citigroup during the 4th quarter worth about $1,832,503,000. Sanders Capital LLC boosted its position in shares of Citigroup by 27.2% during the 4th quarter. Sanders Capital LLC now owns 25,785,994 shares of the company’s stock worth $1,699,622,000 after acquiring an additional 5,512,418 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Citigroup by 14.7% during the 4th quarter. Bank of New York Mellon Corp now owns 39,116,141 shares of the company’s stock worth $2,411,901,000 after acquiring an additional 4,999,115 shares in the last quarter. Cibc World Markets Corp boosted its position in shares of Citigroup by 469.8% during the 4th quarter. Cibc World Markets Corp now owns 5,189,503 shares of the company’s stock worth $319,985,000 after acquiring an additional 4,278,703 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its position in shares of Citigroup by 35.0% during the 4th quarter. UBS Asset Management Americas Inc. now owns 11,866,546 shares of the company’s stock worth $731,691,000 after acquiring an additional 3,079,578 shares in the last quarter. Institutional investors own 72.99% of the company’s stock.

A number of analysts recently issued reports on C shares. Berenberg Bank cut Citigroup from a “buy” rating to a “hold” rating and upped their target price for the company from $55.00 to $70.00 in a research report on Thursday, January 21st. Morgan Stanley upped their target price on Citigroup from $81.00 to $89.00 and gave the company an “overweight” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft upped their target price on Citigroup from $58.00 to $66.00 and gave the company a “hold” rating in a research report on Wednesday, March 24th. Wells Fargo & Company upped their target price on Citigroup from $74.00 to $82.00 and gave the company an “overweight” rating in a research report on Monday, March 8th. Finally, Piper Sandler upped their target price on Citigroup from $68.00 to $85.00 and gave the company an “overweight” rating in a research report on Monday, January 11th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $74.72.

Shares of C stock traded down $0.65 during trading hours on Thursday, reaching $70.00. 589,006 shares of the company’s stock were exchanged, compared to its average volume of 20,239,023. The company has a market cap of $146.07 billion, a P/E ratio of 13.98, a price-to-earnings-growth ratio of 1.25 and a beta of 1.95. The company’s 50 day moving average is $72.41 and its two-hundred day moving average is $60.23. Citigroup Inc. has a 1 year low of $38.76 and a 1 year high of $76.13. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.97 and a quick ratio of 0.97.

Citigroup (NYSE:C) last released its quarterly earnings data on Wednesday, April 14th. The company reported $3.62 earnings per share for the quarter, beating the consensus estimate of $2.60 by $1.02. Citigroup had a return on equity of 6.63% and a net margin of 13.17%. The firm had revenue of $19.30 billion during the quarter, compared to the consensus estimate of $18.34 billion. During the same period last year, the business posted $1.05 EPS. Citigroup’s quarterly revenue was down 6.9% on a year-over-year basis. As a group, analysts predict that Citigroup Inc. will post 6.42 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 28th. Investors of record on Monday, May 3rd will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend is Friday, April 30th. Citigroup’s payout ratio is currently 41.80%.

Citigroup Profile

Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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