Citigroup Inc. (NYSE:C) Holdings Trimmed by Stratos Wealth Advisors LLC

Stratos Wealth Advisors LLC cut its holdings in Citigroup Inc. (NYSE:C) by 3.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 19,059 shares of the company’s stock after selling 590 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in Citigroup were worth $1,342,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Sargent Investment Group LLC boosted its stake in shares of Citigroup by 5.2% during the 4th quarter. Sargent Investment Group LLC now owns 7,443 shares of the company’s stock worth $542,000 after acquiring an additional 366 shares in the last quarter. Avitas Wealth Management LLC increased its stake in Citigroup by 0.6% in the 4th quarter. Avitas Wealth Management LLC now owns 22,907 shares of the company’s stock worth $1,612,000 after purchasing an additional 143 shares in the last quarter. E. Ohman J or Asset Management AB raised its holdings in Citigroup by 10.6% during the 4th quarter. E. Ohman J or Asset Management AB now owns 86,030 shares of the company’s stock worth $6,056,000 after buying an additional 8,230 shares during the period. Mather Group LLC. lifted its stake in Citigroup by 16.0% during the fourth quarter. Mather Group LLC. now owns 4,768 shares of the company’s stock valued at $336,000 after buying an additional 658 shares in the last quarter. Finally, Brown Lisle Cummings Inc. boosted its holdings in shares of Citigroup by 20.3% in the fourth quarter. Brown Lisle Cummings Inc. now owns 7,183 shares of the company’s stock worth $506,000 after buying an additional 1,213 shares during the period. 71.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on C shares. Oppenheimer cut their price target on shares of Citigroup from $110.00 to $102.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Evercore ISI increased their target price on Citigroup from $69.00 to $79.00 and gave the company an “in-line” rating in a report on Thursday, January 16th. Barclays raised Citigroup from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $70.00 to $95.00 in a research report on Monday, January 6th. Piper Sandler reissued an “overweight” rating and set a $83.00 price target (up from $80.00) on shares of Citigroup in a research report on Thursday, January 16th. Finally, Truist Financial began coverage on Citigroup in a research report on Tuesday, January 7th. They set a “buy” rating and a $85.00 price objective for the company. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Citigroup presently has an average rating of “Moderate Buy” and an average price target of $83.93.

Citigroup Stock Performance

C stock opened at $82.45 on Friday. The company has a market capitalization of $155.94 billion, a price-to-earnings ratio of 13.86, a P/E/G ratio of 0.64 and a beta of 1.44. The firm has a 50 day moving average of $74.45 and a two-hundred day moving average of $67.02. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.50. Citigroup Inc. has a 12 month low of $52.24 and a 12 month high of $82.77.

Citigroup (NYSE:C) last posted 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. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. The firm had revenue of $19.58 billion for the quarter, compared to the consensus estimate of $19.51 billion. During the same period in the prior year, the business posted $0.84 earnings per share. The business’s quarterly revenue was up 12.3% on a year-over-year basis. As a group, equities analysts anticipate that Citigroup Inc. will post 7.51 EPS for the current fiscal year.

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Monday, February 3rd will be issued 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 2.72%. Citigroup’s dividend payout ratio (DPR) is currently 37.65%.

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

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.