BlackRock Fund Advisors recently announced the acquisition of new stake in Citigroup Inc (NYSE:C). The institutional investor has increased its shareholding in the Financial company by 0.82% to 93.34 million shares with purchase of 0.76 million shares. This fresh investment now brings its stake to 4.88% valued currently at $4.8 billion. In addition, Geode Capital Management LLC raised its holdings by 0.55 million to 36.59 million shares. And Hotchkis & Wiley Capital Manageme has lifted its position by 8.70% or 1.46 million shares – to 18.28 million shares.
Currently, there are 1.94B common shares owned by the public and among those 1.91B shares have been available to trade.
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Insiders at the company have transacted a total of 89 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 76 of these insider trades were purchases, accounting for 1,685,992 shares. Insider sales of the common stock occurred on 13 occasions, with total insider shares sold totaling 146,487 shares.
The top 3 mutual fund holders in Citigroup Inc are Vanguard Total Stock Market ETF, Vanguard 500 Index Fund, and SPDR S&P 500 ETF Trust. Vanguard Total Stock Market ETF owns 56.31 million shares of the company’s stock, all valued at over $2.9 billion. The company sold -0.29 million shares recently to bring their total holdings to about 2.94% of the shares outstanding. Vanguard 500 Index Fund sold -0.2 million shares to see its total holdings shrink to 46.13 million shares valued at over $2.37 billion and representing 2.41% of the shares outstanding. SPDR S&P 500 ETF Trust sold -0.13 million shares to bring its total holdings to over 23.42 million shares at a value of $1.2 billion. SPDR S&P 500 ETF Trust now owns shares totaling to 1.22% of the shares outstanding.
However, the script later moved the day high at 51.68, up 0.80%. The company’s stock has a 5-day price change of -1.08% and 27.30% over the past three months. C shares are trading 0.16% year to date (YTD), with the 12-month market performance up to 4.23% higher. It has a 12-month low price of $38.17 and touched a high of $54.75 over the same period. C has an average intraday trading volume of 18.93 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.17%, 6.53%, and 13.33% respectively.
Institutional ownership of Citigroup Inc (NYSE: C) shares accounts for 72.30% of the company’s 1.94B shares outstanding. Mutual fund holders own 36.05%, while other institutional holders and individual stakeholders account for 37.04% and 0.64% respectively.
It has a market capitalization of $98.60B and a beta (3y monthly) value of 1.51. The stock’s trailing 12-month PE ratio is 12.80, while the earnings-per-share (ttm) stands at $4.02. The company has a PEG of 10.67 and the debt-to-equity ratio at 2.89. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.65% over the week and 2.11% over the month.
Analysts forecast that Citigroup Inc (C) will achieve an EPS of $1.57 for the current quarter, $1.44 for the next quarter and $7.18 for 2025. The lowest estimate earnings-per-share for the quarter is $1.08 while analysts give the company a high EPS estimate of $1.93. Comparatively, EPS for the current quarter was $2.19 a year ago. Earnings per share for the fiscal year are expected to increase by 46.11%, and 19.56% over the next financial year. EPS should grow at an annualized rate of 1.20% over the next five years, compared to -9.28% over the past 5-year period.
Looking at the support for the C, a number of firms have released research notes about the stock. BMO Capital Markets stated their Market Perform rating for the stock in a research note on January 10, 2024, with the firm’s price target at $57.
