International Assets Investment Management LLC Purchases Shares of 67,348 Citigroup Inc. (NYSE:C)

International Assets Investment Management LLC acquired a new position in shares of Citigroup Inc. (NYSE:C) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 67,348 shares of the company’s stock, valued at approximately $4,710,000.

Other hedge funds have also modified their holdings of the company. Northwest Investment Counselors LLC purchased a new position in Citigroup during the 3rd quarter worth approximately $28,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Citigroup during the second quarter valued at $31,000. Legacy Investment Solutions LLC acquired a new position in Citigroup during the third quarter valued at $31,000. Strategic Financial Concepts LLC lifted its stake in Citigroup by 1,139.7% in the 2nd quarter. Strategic Financial Concepts LLC now owns 52,738 shares of the company’s stock worth $33,000 after acquiring an additional 48,484 shares in the last quarter. Finally, GHP Investment Advisors Inc. boosted its position in Citigroup by 184.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 568 shares of the company’s stock worth $36,000 after acquiring an additional 368 shares during the period. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on C shares. Evercore ISI increased their price target on shares of Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 16th. Oppenheimer decreased their target price on shares of Citigroup from $110.00 to $102.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Keefe, Bruyette & Woods increased their price objective on Citigroup from $82.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Truist Financial began coverage on Citigroup in a research note on Tuesday. They set a “buy” rating and a $85.00 price target for the company. Finally, Piper Sandler boosted their price target on Citigroup from $73.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $80.13.

Citigroup Stock Performance

Shares of NYSE C traded down $0.85 during trading hours on Wednesday, hitting $72.83. 1,730,287 shares of the company’s stock were exchanged, compared to its average volume of 11,891,766. The stock has a market capitalization of $137.74 billion, a price-to-earnings ratio of 21.11, a PEG ratio of 0.80 and a beta of 1.43. The company’s 50-day moving average price is $69.68 and its 200-day moving average price is $64.84. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.96. Citigroup Inc. has a 1-year low of $50.51 and a 1-year high of $74.29.

Citigroup (NYSE:C) last released its earnings results on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.31 by $0.20. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The firm had revenue of $20.32 billion during the quarter, compared to analysts’ expectations of $19.86 billion. During the same period in the prior year, the company earned $1.52 EPS. The business’s quarterly revenue was up .9% compared to the same quarter last year. On average, sell-side analysts expect that Citigroup Inc. will post 5.86 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend was Monday, November 4th. Citigroup’s dividend payout ratio (DPR) is presently 64.93%.

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.