Public Employees Retirement System of Ohio Buys 16,235 Shares of Citigroup Inc. (NYSE:C)

Public Employees Retirement System of Ohio lifted its stake in Citigroup Inc. (NYSE:C) by 1.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 907,768 shares of the company’s stock after purchasing an additional 16,235 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Citigroup were worth $56,826,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. POM Investment Strategies LLC purchased a new stake in shares of Citigroup during the second quarter worth about $25,000. Northwest Investment Counselors LLC bought a new position in shares of Citigroup during the 3rd quarter valued at about $28,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Citigroup during the second quarter valued at about $31,000. Legacy Investment Solutions LLC bought a new stake in shares of Citigroup in the third quarter worth about $31,000. Finally, Triad Wealth Partners LLC bought a new stake in shares of Citigroup in the second quarter worth about $32,000. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Stock Down 0.1 %

Shares of NYSE:C opened at $72.15 on Monday. The business’s 50 day moving average is $66.31 and its 200 day moving average is $63.36. The stock has a market cap of $136.46 billion, a P/E ratio of 20.91, a price-to-earnings-growth ratio of 0.81 and a beta of 1.45. Citigroup Inc. has a 52-week low of $47.71 and a 52-week high of $72.85. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.55.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.20. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The company had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.86 billion. During the same period in the prior year, the firm earned $1.52 earnings per share. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. Sell-side analysts predict that Citigroup Inc. will post 5.85 EPS for the current year.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were issued a $0.56 dividend. The ex-dividend date was Monday, November 4th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.10%. Citigroup’s dividend payout ratio is presently 64.93%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on C. Wells Fargo & Company lifted their price objective on Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Bank of America upped their price target on shares of Citigroup from $78.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. The Goldman Sachs Group lifted their price objective on shares of Citigroup from $72.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday. Barclays increased their price target on shares of Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Finally, Piper Sandler lifted their target price on Citigroup from $73.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Citigroup presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.63.

Citigroup Company 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.