Citigroup Inc. (NYSE:C) Shares Purchased by Mutual Advisors LLC

Mutual Advisors LLC raised its holdings in Citigroup Inc. (NYSE:C) by 8.8% during the 4th quarter, Holdings Channel reports. The firm owned 17,581 shares of the company’s stock after purchasing an additional 1,418 shares during the quarter. Mutual Advisors LLC’s holdings in Citigroup were worth $1,238,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of C. SG Americas Securities LLC lifted its holdings in Citigroup by 103.6% in the 4th quarter. SG Americas Securities LLC now owns 48,500 shares of the company’s stock valued at $3,414,000 after purchasing an additional 1,410,950 shares in the last quarter. Evolution Wealth Advisors LLC purchased a new position in shares of Citigroup during the fourth quarter valued at approximately $216,000. Kelleher Financial Advisors boosted its position in Citigroup by 2.7% during the fourth quarter. Kelleher Financial Advisors now owns 7,157 shares of the company’s stock worth $504,000 after acquiring an additional 187 shares during the last quarter. Janney Capital Management LLC grew its position in shares of Citigroup by 134.0% in the fourth quarter. Janney Capital Management LLC now owns 290,219 shares of the company’s stock valued at $20,429,000 after purchasing an additional 166,168 shares during the period. Finally, Magnus Financial Group LLC grew its holdings in Citigroup by 37.2% in the 4th quarter. Magnus Financial Group LLC now owns 6,443 shares of the company’s stock valued at $454,000 after buying an additional 1,747 shares during the period. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Analyst Ratings Changes

C has been the subject of a number of research analyst reports. Barclays upgraded Citigroup from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $70.00 to $95.00 in a report on Monday, January 6th. Evercore ISI upped their target price on shares of Citigroup from $69.00 to $79.00 and gave the company an “in-line” rating in a research note on Thursday, January 16th. Truist Financial began coverage on Citigroup in a research note on Tuesday, January 7th. They set a “buy” rating and a $85.00 price objective for the company. Morgan Stanley upped their price target on shares of Citigroup from $104.00 to $109.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Finally, The Goldman Sachs Group lifted their target price on Citigroup from $77.00 to $86.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $83.93.

Citigroup Trading Down 0.7 %

Shares of C stock opened at $81.41 on Friday. The firm has a market capitalization of $153.96 billion, a PE ratio of 13.68, a price-to-earnings-growth ratio of 0.65 and a beta of 1.43. 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 stock has a fifty day moving average of $72.47 and a two-hundred day moving average of $66.11. Citigroup Inc. has a 1 year low of $52.24 and a 1 year high of $82.77.

Citigroup (NYSE:C) last announced its earnings results on Wednesday, January 15th. The company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.22 by $0.12. The firm had revenue of $19.58 billion for the quarter, compared to analysts’ expectations of $19.51 billion. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.84 earnings per share. As a group, research analysts expect that Citigroup Inc. will post 7.51 EPS for the current year.

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 3rd will be given a $0.56 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.24 annualized dividend and a yield of 2.75%. Citigroup’s dividend payout ratio (DPR) is 37.65%.

Citigroup declared that its board has authorized a share buyback plan on Wednesday, January 15th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the company to buy up to 13.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Citigroup Company 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.