Citigroup Inc. (NYSE:C) Shares Sold by CFS Investment Advisory Services LLC

CFS Investment Advisory Services LLC cut its stake in Citigroup Inc. (NYSE:C) by 2.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,402 shares of the company’s stock after selling 525 shares during the period. CFS Investment Advisory Services LLC’s holdings in Citigroup were worth $1,366,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. MBB Public Markets I LLC raised its holdings in shares of Citigroup by 2,860.0% in the 2nd quarter. MBB Public Markets I LLC now owns 133,228 shares of the company’s stock worth $8,455,000 after purchasing an additional 128,727 shares during the period. Mackenzie Financial Corp increased its position in Citigroup by 3.8% during the 2nd quarter. Mackenzie Financial Corp now owns 1,519,721 shares of the company’s stock worth $96,441,000 after purchasing an additional 55,889 shares in the last quarter. Legal & General Group Plc raised its holdings in Citigroup by 5.5% in the second quarter. Legal & General Group Plc now owns 17,428,251 shares of the company’s stock valued at $1,105,999,000 after buying an additional 913,231 shares during the period. Smith Thornton Advisors LLC purchased a new stake in Citigroup during the second quarter worth approximately $306,000. Finally, Susquehanna Fundamental Investments LLC grew its stake in Citigroup by 7.2% during the second quarter. Susquehanna Fundamental Investments LLC now owns 552,341 shares of the company’s stock worth $35,052,000 after buying an additional 37,000 shares during the period. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Citigroup Trading Down 0.7 %

Shares of NYSE C opened at $81.41 on Friday. The stock has a market capitalization of $153.96 billion, a P/E ratio of 13.68, a PEG ratio of 0.65 and a beta of 1.43. The stock’s 50 day moving average price is $72.47 and its two-hundred day moving average price is $66.11. 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 52-week low of $52.24 and a 52-week high of $82.77.

Citigroup (NYSE:C) last posted its quarterly 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 for the quarter, compared to analyst estimates of $19.51 billion. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. The business’s revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.84 EPS. On average, analysts anticipate that Citigroup Inc. will post 7.51 earnings per share for the current fiscal year.

Citigroup declared that its board has initiated a share buyback plan on Wednesday, January 15th that authorizes the company to buyback $20.00 billion in shares. This buyback authorization authorizes the company to reacquire up to 13.5% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Monday, February 3rd will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 2.75%. The ex-dividend date is Monday, February 3rd. Citigroup’s dividend payout ratio (DPR) is presently 37.65%.

Analyst Ratings Changes

Several analysts recently issued reports on C shares. Oppenheimer lowered their price target on Citigroup from $110.00 to $102.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Morgan Stanley raised their target price on Citigroup from $104.00 to $109.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Truist Financial began coverage on Citigroup in a research report on Tuesday, January 7th. They set a “buy” rating and a $85.00 price target on the stock. Evercore ISI increased their price objective on shares of Citigroup from $69.00 to $79.00 and gave the company an “in-line” rating in a research report on Thursday, January 16th. Finally, Wells Fargo & Company boosted their target price on shares of Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.93.

About Citigroup

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.