LifePlan Financial LLC Has $990,000 Holdings in Citigroup Inc. (NYSE:C)

LifePlan Financial LLC decreased its stake in shares of Citigroup Inc. (NYSE:C) by 6.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 14,060 shares of the company’s stock after selling 973 shares during the quarter. LifePlan Financial LLC’s holdings in Citigroup were worth $990,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in C. Pacer Advisors Inc. increased its holdings in Citigroup by 5.5% in the 2nd quarter. Pacer Advisors Inc. now owns 135,821 shares of the company’s stock valued at $8,619,000 after buying an additional 7,058 shares during the period. ProShare Advisors LLC boosted its position in shares of Citigroup by 5.1% during the 2nd quarter. ProShare Advisors LLC now owns 387,318 shares of the company’s stock valued at $24,579,000 after acquiring an additional 18,669 shares in the last quarter. Frank Rimerman Advisors LLC increased its stake in Citigroup by 2,621.3% in the second quarter. Frank Rimerman Advisors LLC now owns 12,382 shares of the company’s stock valued at $786,000 after acquiring an additional 11,927 shares during the period. Epoch Investment Partners Inc. raised its position in Citigroup by 14.9% in the second quarter. Epoch Investment Partners Inc. now owns 3,913 shares of the company’s stock worth $248,000 after purchasing an additional 506 shares in the last quarter. Finally, Fairscale Capital LLC bought a new position in Citigroup during the second quarter worth about $63,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Stock Up 2.0 %

NYSE:C opened at $80.05 on Tuesday. The firm has a market capitalization of $151.40 billion, a price-to-earnings ratio of 13.45, a price-to-earnings-growth ratio of 0.64 and a beta of 1.43. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.50. Citigroup Inc. has a twelve month low of $50.51 and a twelve month high of $80.45. The stock’s 50 day moving average price is $71.43 and its two-hundred day moving average price is $65.65.

Citigroup (NYSE:C) last issued its earnings results on Wednesday, January 15th. The company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.12. The business had revenue of $19.58 billion during the quarter, compared to the consensus estimate of $19.51 billion. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. Citigroup’s revenue was up 12.3% on a year-over-year basis. During the same period last year, the business posted $0.84 EPS. Equities research analysts expect that Citigroup Inc. will post 7.49 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 3rd will be issued a $0.56 dividend. The ex-dividend date is Monday, February 3rd. This represents a $2.24 annualized dividend and a yield of 2.80%. Citigroup’s dividend payout ratio is currently 37.65%.

Citigroup declared that its Board of Directors has approved a share repurchase plan on Wednesday, January 15th that permits the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 13.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

C has been the subject of a number of recent analyst reports. Evercore ISI increased their target price on shares of Citigroup from $69.00 to $79.00 and gave the stock an “in-line” rating in a research report on Thursday, January 16th. Piper Sandler reaffirmed an “overweight” rating and set a $83.00 price objective (up previously from $80.00) on shares of Citigroup in a report on Thursday, January 16th. Bank of America increased their price target on Citigroup from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Barclays upgraded Citigroup from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $70.00 to $95.00 in a research report on Monday, January 6th. Finally, Morgan Stanley increased their target price on Citigroup from $104.00 to $109.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $83.93.

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.