Citigroup Inc. (NYSE:C) is Caxton Associates LP’s Largest Position

Caxton Associates LP boosted its holdings in shares of Citigroup Inc. (NYSE:C) by 96.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,952,428 shares of the company’s stock after acquiring an additional 1,937,038 shares during the quarter. Citigroup accounts for 8.6% of Caxton Associates LP’s portfolio, making the stock its biggest holding. Caxton Associates LP owned about 0.21% of Citigroup worth $250,821,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD raised its position in Citigroup by 123.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,716,442 shares of the company’s stock valued at $2,005,749,000 after purchasing an additional 17,525,484 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Citigroup by 18.4% during the 1st quarter. Bank of New York Mellon Corp now owns 29,756,568 shares of the company’s stock worth $1,881,805,000 after acquiring an additional 4,620,867 shares in the last quarter. Swedbank AB bought a new position in Citigroup during the 1st quarter worth about $253,286,000. Acadian Asset Management LLC increased its position in Citigroup by 527.5% during the 2nd quarter. Acadian Asset Management LLC now owns 2,498,277 shares of the company’s stock valued at $158,521,000 after purchasing an additional 2,100,135 shares during the period. Finally, Los Angeles Capital Management LLC raised its holdings in shares of Citigroup by 873.6% in the 1st quarter. Los Angeles Capital Management LLC now owns 2,138,865 shares of the company’s stock valued at $135,262,000 after purchasing an additional 1,919,170 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

Citigroup Trading Down 1.9 %

Citigroup stock opened at $61.39 on Wednesday. Citigroup Inc. has a 52 week low of $38.17 and a 52 week high of $67.81. The stock has a 50-day moving average price of $61.13 and a 200 day moving average price of $61.59. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.47. The company has a market capitalization of $117.12 billion, a price-to-earnings ratio of 17.20, a price-to-earnings-growth ratio of 0.69 and a beta of 1.45.

Citigroup (NYSE:C) last posted its earnings results on Friday, July 12th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.13. The company had revenue of $20.14 billion during the quarter, compared to the consensus estimate of $20.07 billion. Citigroup had a net margin of 4.95% and a return on equity of 6.26%. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.37 earnings per share. Sell-side analysts anticipate that Citigroup Inc. will post 5.79 EPS for the current year.

Citigroup Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 5th were paid a dividend of $0.56 per share. This is a boost from Citigroup’s previous quarterly dividend of $0.53. The ex-dividend date was Monday, August 5th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.65%. Citigroup’s dividend payout ratio (DPR) is presently 62.75%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Oppenheimer lifted their price objective on shares of Citigroup from $85.00 to $86.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Royal Bank of Canada raised their price objective on Citigroup from $63.00 to $66.00 and gave the company an “outperform” rating in a research report on Monday, June 17th. Keefe, Bruyette & Woods increased their price target on shares of Citigroup from $66.00 to $69.00 and gave the company a “market perform” rating in a research report on Thursday, June 20th. BMO Capital Markets lifted their price objective on shares of Citigroup from $63.00 to $65.00 and gave the stock a “market perform” rating in a research report on Thursday, July 11th. Finally, Piper Sandler increased their target price on shares of Citigroup from $70.00 to $73.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $68.25.

About Citigroup

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.