Canada Post Corp Registered Pension Plan Grows Stake in Citigroup Inc. $C

Canada Post Corp Registered Pension Plan lifted its position in Citigroup Inc. (NYSE:CFree Report) by 40.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 64,544 shares of the company’s stock after purchasing an additional 18,589 shares during the quarter. Canada Post Corp Registered Pension Plan’s holdings in Citigroup were worth $6,658,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Wolff Wiese Magana LLC raised its holdings in shares of Citigroup by 87.6% in the 3rd quarter. Wolff Wiese Magana LLC now owns 257 shares of the company’s stock valued at $26,000 after acquiring an additional 120 shares in the last quarter. Guerra Advisors Inc purchased a new position in shares of Citigroup during the third quarter worth about $33,000. Howard Hughes Medical Institute bought a new position in shares of Citigroup in the second quarter worth approximately $34,000. Legacy Investment Solutions LLC purchased a new stake in Citigroup in the second quarter valued at approximately $38,000. Finally, Capital A Wealth Management LLC bought a new stake in Citigroup during the second quarter valued at approximately $38,000. Institutional investors own 71.72% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. UBS Group reissued a “neutral” rating and issued a $132.00 price target on shares of Citigroup in a report on Thursday, January 15th. Barclays upped their target price on shares of Citigroup from $115.00 to $146.00 and gave the stock an “overweight” rating in a research report on Monday, January 5th. Piper Sandler set a $135.00 target price on Citigroup in a research note on Thursday, January 15th. Bank of America lifted their price target on Citigroup from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Citigroup in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Citigroup presently has a consensus rating of “Moderate Buy” and an average target price of $125.56.

Get Our Latest Analysis on C

Citigroup Stock Up 6.0%

C opened at $122.72 on Friday. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $124.17. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 1.63. The business’s 50-day moving average price is $115.27 and its 200-day moving average price is $103.90. The company has a market cap of $219.58 billion, a P/E ratio of 17.61, a P/E/G ratio of 0.74 and a beta of 1.18.

Citigroup (NYSE:CGet Free Report) last posted its quarterly earnings results on Wednesday, January 14th. The company reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.16. The business had revenue of $19.87 billion for the quarter, compared to analyst estimates of $20.99 billion. Citigroup had a return on equity of 8.28% and a net margin of 8.50%.Citigroup’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the company earned $1.34 EPS. On average, equities analysts expect that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Monday, February 2nd will be issued a $0.60 dividend. The ex-dividend date is Monday, February 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.0%. Citigroup’s dividend payout ratio (DPR) is currently 34.43%.

More Citigroup News

Here are the key news stories impacting Citigroup this week:

Citigroup Profile

(Free Report)

Citigroup Inc is a global financial services company headquartered in New York City with roots tracing back to the City Bank of New York, founded in 1812. The modern Citigroup was created through the 1998 merger of Citicorp and Travelers Group and has since operated as a diversified bank holding company that provides a broad range of banking and financial products and services to consumers, corporations, governments and institutions worldwide.

Citi’s principal businesses include retail and commercial banking, credit card and consumer lending products, wealth management and private banking, and a full suite of institutional services.

See Also

Institutional Ownership by Quarter for Citigroup (NYSE:C)

Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.