Citigroup Inc. (NYSE:C) Shares Acquired by HBW Advisory Services LLC

HBW Advisory Services LLC raised its holdings in shares of Citigroup Inc. (NYSE:C) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48,482 shares of the company’s stock after purchasing an additional 584 shares during the period. HBW Advisory Services LLC’s holdings in Citigroup were worth $3,413,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Franklin Resources Inc. grew its holdings in shares of Citigroup by 18.5% during the third quarter. Franklin Resources Inc. now owns 30,027,213 shares of the company’s stock valued at $1,998,976,000 after buying an additional 4,680,713 shares during the last quarter. Caxton Associates LP grew its holdings in shares of Citigroup by 96.1% during the second quarter. Caxton Associates LP now owns 3,952,428 shares of the company’s stock valued at $250,821,000 after buying an additional 1,937,038 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Citigroup by 70.0% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,531,827 shares of the company’s stock valued at $283,692,000 after buying an additional 1,865,628 shares during the last quarter. Nordea Investment Management AB boosted its holdings in Citigroup by 32.2% in the fourth quarter. Nordea Investment Management AB now owns 7,115,440 shares of the company’s stock valued at $501,994,000 after purchasing an additional 1,731,527 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its holdings in Citigroup by 9.8% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 15,676,463 shares of the company’s stock valued at $981,347,000 after purchasing an additional 1,404,120 shares during the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Citigroup Trading Down 2.5 %

Shares of Citigroup stock traded down $1.80 during mid-day trading on Friday, hitting $71.46. The stock had a trading volume of 7,955,452 shares, compared to its average volume of 13,367,129. The firm has a 50-day moving average of $70.03 and a two-hundred day moving average of $64.95. Citigroup Inc. has a 12-month low of $50.51 and a 12-month high of $74.29. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.55. The firm has a market cap of $135.15 billion, a P/E ratio of 20.71, a price-to-earnings-growth ratio of 0.80 and a beta of 1.43.

Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share 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 business had revenue of $20.32 billion during the quarter, compared to analysts’ expectations of $19.86 billion. During the same quarter in the prior year, the company posted $1.52 EPS. The business’s revenue for the quarter was up .9% on a year-over-year basis. Sell-side analysts forecast that Citigroup Inc. will post 5.86 earnings per share for the current year.

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were given a dividend of $0.56 per share. The ex-dividend date was Monday, November 4th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.13%. Citigroup’s payout ratio is currently 64.93%.

Analysts Set New Price Targets

C has been the topic of several recent research reports. Keefe, Bruyette & Woods upped their price target on shares of Citigroup from $82.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Piper Sandler upped their price target on shares of Citigroup from $73.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Barclays raised shares of Citigroup from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $70.00 to $95.00 in a report on Monday. The Goldman Sachs Group upped their price target on shares of Citigroup from $72.00 to $81.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, Truist Financial started coverage on shares of Citigroup in a report on Tuesday. They issued a “buy” rating and a $85.00 price target on the stock. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.13.

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.