Compagnie Lombard Odier SCmA Raises Stock Holdings in Citigroup Inc. (NYSE:C)

Compagnie Lombard Odier SCmA increased its position in Citigroup Inc. (NYSE:C) by 65.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,174 shares of the company’s stock after purchasing an additional 2,434 shares during the period. Compagnie Lombard Odier SCmA’s holdings in Citigroup were worth $438,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Orion Capital Management LLC purchased a new stake in shares of Citigroup in the fourth quarter worth $28,000. American National Bank & Trust purchased a new stake in shares of Citigroup in the first quarter worth $29,000. Mascagni Wealth Management Inc. purchased a new stake in shares of Citigroup in the fourth quarter worth $34,000. Creative Capital Management Investments LLC purchased a new stake in shares of Citigroup in the fourth quarter worth $35,000. Finally, Sierra Ocean LLC purchased a new stake in shares of Citigroup in the fourth quarter worth $37,000. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Stock Down 0.2%

C stock opened at $78.23 on Friday. Citigroup Inc. has a fifty-two week low of $53.51 and a fifty-two week high of $84.74. The business’s 50-day moving average is $70.65 and its two-hundred day moving average is $72.96. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market cap of $146.11 billion, a price-to-earnings ratio of 13.15, a P/E/G ratio of 0.64 and a beta of 1.33.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.12. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. The company had revenue of $21.60 billion for the quarter, compared to the consensus estimate of $21.34 billion. As a group, analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Monday, May 5th were issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date was Monday, May 5th. Citigroup’s dividend payout ratio is 35.39%.

Insider Buying and Selling at Citigroup

In other news, Director John Cunningham Dugan sold 4,417 shares of the firm’s stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total value of $301,504.42. Following the transaction, the director now owns 13,048 shares of the company’s stock, valued at $890,656.48. This trade represents a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.08% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on C. TD Cowen began coverage on Citigroup in a research note on Thursday, May 15th. They issued a “hold” rating and a $83.00 target price on the stock. Truist Financial cut their target price on Citigroup from $84.00 to $79.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Evercore ISI cut their target price on Citigroup from $79.00 to $76.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 1st. Royal Bank of Canada dropped their price objective on Citigroup from $85.00 to $78.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 16th. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of Citigroup in a research report on Tuesday, May 20th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Citigroup has a consensus rating of “Moderate Buy” and an average price target of $84.30.

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.