AQR Capital Management LLC Sells 1,087,046 Shares of Citigroup Inc. $C

AQR Capital Management LLC lessened its holdings in Citigroup Inc. (NYSE:C) by 16.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,534,254 shares of the company’s stock after selling 1,087,046 shares during the period. AQR Capital Management LLC’s holdings in Citigroup were worth $471,076,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Truvestments Capital LLC raised its position in Citigroup by 131.6% in the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock worth $31,000 after purchasing an additional 246 shares during the period. Howard Hughes Medical Institute bought a new position in shares of Citigroup during the second quarter valued at approximately $34,000. DHJJ Financial Advisors Ltd. raised its holdings in shares of Citigroup by 157.1% in the second quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock worth $35,000 after buying an additional 253 shares during the period. WPG Advisers LLC bought a new stake in shares of Citigroup during the 1st quarter worth approximately $38,000. Finally, Legacy Investment Solutions LLC purchased a new position in Citigroup during the 2nd quarter valued at $38,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Barclays upped their price target on shares of Citigroup from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Morgan Stanley upped their target price on shares of Citigroup from $129.00 to $134.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Truist Financial lifted their price target on shares of Citigroup from $105.00 to $112.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. UBS Group reissued a “neutral” rating and issued a $108.00 price objective on shares of Citigroup in a research note on Monday, November 24th. Finally, Wells Fargo & Company raised their price objective on Citigroup from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Tuesday, September 16th. Twelve research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Citigroup presently has an average rating of “Moderate Buy” and a consensus price target of $112.47.

Citigroup Trading Up 0.1%

Shares of NYSE:C opened at $111.82 on Friday. The company has a market capitalization of $200.07 billion, a PE ratio of 15.70, a P/E/G ratio of 0.55 and a beta of 1.21. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.62. Citigroup Inc. has a 12-month low of $55.51 and a 12-month high of $113.43. The business’s fifty day simple moving average is $101.21 and its 200-day simple moving average is $94.26.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, October 14th. The company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.35. The company had revenue of $22.09 billion for the quarter, compared to analyst estimates of $20.92 billion. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.51 earnings per share. As a group, equities research analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Monday, November 3rd were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Monday, November 3rd. Citigroup’s dividend payout ratio (DPR) is presently 33.71%.

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.