PFG Investments LLC Has $1.80 Million Stake in Citigroup Inc. (NYSE:C)

PFG Investments LLC reduced its holdings in shares of Citigroup Inc. (NYSE:C) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,508 shares of the company’s stock after selling 396 shares during the period. PFG Investments LLC’s holdings in Citigroup were worth $1,796,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in Citigroup by 30.3% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 21,878 shares of the company’s stock worth $1,540,000 after purchasing an additional 5,087 shares in the last quarter. 1834 Investment Advisors Co. increased its stake in shares of Citigroup by 12.4% in the 4th quarter. 1834 Investment Advisors Co. now owns 69,851 shares of the company’s stock valued at $4,917,000 after acquiring an additional 7,730 shares in the last quarter. Jamison Private Wealth Management Inc. lifted its position in shares of Citigroup by 8.0% during the 4th quarter. Jamison Private Wealth Management Inc. now owns 13,584 shares of the company’s stock valued at $956,000 after acquiring an additional 1,002 shares during the period. TTP Investments Inc. boosted its stake in Citigroup by 6.2% during the fourth quarter. TTP Investments Inc. now owns 6,215 shares of the company’s stock worth $438,000 after acquiring an additional 362 shares in the last quarter. Finally, Insight Inv LLC grew its holdings in Citigroup by 8.9% in the fourth quarter. Insight Inv LLC now owns 27,122 shares of the company’s stock worth $1,909,000 after purchasing an additional 2,212 shares during the period. 71.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

C has been the topic of several research reports. Keefe, Bruyette & Woods upped their price objective on shares of Citigroup from $85.00 to $92.00 and gave the company an “outperform” rating in a report on Thursday, January 16th. Truist Financial started coverage on Citigroup in a research note on Tuesday, January 7th. They set a “buy” rating and a $85.00 price target on the stock. Piper Sandler reissued an “overweight” rating and issued a $83.00 price objective (up previously from $80.00) on shares of Citigroup in a research note on Thursday, January 16th. Wells Fargo & Company upped their target price on Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Finally, The Goldman Sachs Group lifted their price target on shares of Citigroup from $77.00 to $86.00 and gave the company 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 issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $83.93.

Citigroup Stock Down 0.5 %

Shares of NYSE:C opened at $81.07 on Tuesday. Citigroup Inc. has a 1 year low of $52.24 and a 1 year high of $82.77. The company has a market capitalization of $153.33 billion, a PE ratio of 13.63, a price-to-earnings-growth ratio of 0.65 and a beta of 1.43. The business has a fifty day moving average price of $72.71 and a two-hundred day moving average price of $66.21. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.96 and a quick ratio of 0.96.

Citigroup (NYSE:C) last posted its quarterly earnings results on Wednesday, January 15th. The company reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.12. The company had revenue of $19.58 billion during the quarter, compared to analyst estimates of $19.51 billion. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.84 earnings per share. Analysts forecast that Citigroup Inc. will post 7.51 earnings per share for the current year.

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Monday, February 3rd will be paid 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 2.76%. Citigroup’s payout ratio is 37.65%.

Citigroup announced that its board has initiated a share buyback program on Wednesday, January 15th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the company to purchase up to 13.5% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors 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.