Parkside Investments LLC Increases Holdings in Citigroup Inc. (NYSE:C)

Parkside Investments LLC grew its holdings in Citigroup Inc. (NYSE:C) by 12.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 122,474 shares of the company’s stock after acquiring an additional 13,765 shares during the period. Parkside Investments LLC’s holdings in Citigroup were worth $7,745,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Orion Capital Management LLC bought a new stake in shares of Citigroup in the fourth quarter worth about $26,000. Frazier Financial Advisors LLC bought a new stake in shares of Citigroup in the fourth quarter worth about $29,000. Beaird Harris Wealth Management LLC increased its holdings in shares of Citigroup by 1,962.1% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 598 shares of the company’s stock worth $31,000 after purchasing an additional 569 shares during the last quarter. Rakuten Securities Inc. bought a new stake in Citigroup during the fourth quarter worth approximately $35,000. Finally, Tennessee Valley Asset Management Partners bought a new stake in Citigroup during the fourth quarter worth approximately $39,000. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

C has been the topic of a number of analyst reports. HSBC upped their target price on Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Jefferies Financial Group upped their target price on Citigroup from $56.00 to $65.00 and gave the company a “hold” rating in a research note on Monday, April 8th. Evercore ISI upped their target price on Citigroup from $58.00 to $60.00 and gave the company an “in-line” rating in a research note on Thursday, April 4th. The Goldman Sachs Group reiterated a “buy” rating on shares of Citigroup in a report on Monday, April 1st. Finally, Piper Sandler boosted their price target on Citigroup from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, April 15th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Citigroup has a consensus rating of “Moderate Buy” and a consensus price target of $65.03.

Citigroup Trading Down 1.3 %

NYSE C traded down $0.78 during mid-day trading on Wednesday, reaching $60.80. 3,966,385 shares of the stock were exchanged, compared to its average volume of 15,009,936. The stock has a market capitalization of $115.97 billion, a PE ratio of 18.22, a PEG ratio of 0.94 and a beta of 1.48. The business’s fifty day simple moving average is $61.85 and its 200 day simple moving average is $57.70. Citigroup Inc. has a 1-year low of $38.17 and a 1-year high of $64.98. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.95 and a current ratio of 0.95.

Citigroup (NYSE:C) last issued its earnings results on Friday, April 12th. The company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.29. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The business had revenue of $21.10 billion for the quarter, compared to the consensus estimate of $20.46 billion. During the same quarter last year, the firm posted $1.86 EPS. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, research analysts anticipate that Citigroup Inc. will post 5.86 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Monday, May 6th were paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 3.49%. The ex-dividend date was Friday, May 3rd. Citigroup’s dividend payout ratio (DPR) is 62.72%.

Citigroup 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.