Buckley Wealth Management LLC Takes Position in Citigroup Inc. (NYSE:C)

Buckley Wealth Management LLC purchased a new stake in Citigroup Inc. (NYSE:C) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 3,452 shares of the company’s stock, valued at approximately $218,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC lifted its stake in Citigroup by 3.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 116,728 shares of the company’s stock worth $7,382,000 after purchasing an additional 4,132 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its stake in Citigroup by 7.7% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 20,147 shares of the company’s stock worth $1,274,000 after purchasing an additional 1,449 shares in the last quarter. Aspiriant LLC acquired a new stake in shares of Citigroup during the 1st quarter worth approximately $219,000. TrueMark Investments LLC increased its holdings in shares of Citigroup by 111.2% during the 1st quarter. TrueMark Investments LLC now owns 60,742 shares of the company’s stock worth $3,841,000 after buying an additional 31,988 shares during the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of Citigroup during the 1st quarter worth approximately $95,000. 71.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

C has been the subject of several research reports. Piper Sandler lifted their target price on shares of Citigroup from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Evercore ISI boosted their price target on shares of Citigroup from $58.00 to $60.00 and gave the stock an “in-line” rating in a research note on Thursday, April 4th. Oppenheimer decreased their price objective on shares of Citigroup from $87.00 to $86.00 and set an “outperform” rating for the company in a research report on Tuesday, April 30th. Jefferies Financial Group lifted their price objective on shares of Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a research report on Monday, April 8th. Finally, StockNews.com raised shares of Citigroup from a “sell” rating to a “hold” rating in a research report on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.03.

Citigroup Stock Performance

Shares of Citigroup stock traded up $1.35 on Friday, reaching $62.90. 6,775,103 shares of the stock were exchanged, compared to its average volume of 14,981,574. Citigroup Inc. has a 1-year low of $38.17 and a 1-year high of $64.98. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.50. The business has a fifty day moving average price of $61.98 and a two-hundred day moving average price of $57.75. The firm has a market capitalization of $119.98 billion, a PE ratio of 18.60, a PEG ratio of 0.94 and a beta of 1.48.

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

Citigroup Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Monday, May 6th were given a dividend of $0.53 per share. The ex-dividend date was Friday, May 3rd. This represents a $2.12 annualized dividend and a yield of 3.37%. Citigroup’s payout ratio is currently 62.72%.

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.