Citigroup Inc. (NYSE:C) Shares Purchased by Insight Inv LLC

Insight Inv LLC raised its holdings in Citigroup Inc. (NYSE:C) by 8.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 27,122 shares of the company’s stock after acquiring an additional 2,212 shares during the period. Insight Inv LLC’s holdings in Citigroup were worth $1,909,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Legacy Investment Solutions LLC purchased a new stake in shares of Citigroup in the third quarter valued at about $31,000. Northwest Investment Counselors LLC purchased a new stake in shares of Citigroup in the 3rd quarter valued at approximately $28,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Citigroup during the 2nd quarter worth approximately $31,000. GHP Investment Advisors Inc. raised its position in shares of Citigroup by 184.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 568 shares of the company’s stock valued at $36,000 after buying an additional 368 shares during the period. Finally, Berbice Capital Management LLC acquired a new position in Citigroup in the fourth quarter valued at approximately $42,000. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Stock Performance

Shares of C opened at $81.41 on Friday. Citigroup Inc. has a 1 year low of $52.24 and a 1 year high of $82.77. The stock has a market capitalization of $153.96 billion, a PE ratio of 13.68, a PEG ratio of 0.65 and a beta of 1.43. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a 50-day simple moving average of $72.47 and a 200-day simple moving average of $66.11.

Citigroup (NYSE:C) last issued its quarterly earnings results on Wednesday, January 15th. The company reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.12. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. The company had revenue of $19.58 billion during the quarter, compared to the consensus estimate of $19.51 billion. During the same quarter in the previous year, the firm earned $0.84 earnings per share. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. On average, analysts predict that Citigroup Inc. will post 7.51 earnings per share for the current fiscal year.

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

Citigroup Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have commented on C. Bank of America lifted their target price on Citigroup from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Oppenheimer decreased their target price on shares of Citigroup from $110.00 to $102.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Wells Fargo & Company lifted their price target on shares of Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Piper Sandler restated an “overweight” rating and issued a $83.00 price objective (up from $80.00) on shares of Citigroup in a report on Thursday, January 16th. Finally, Barclays upgraded shares of Citigroup from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $70.00 to $95.00 in a report on Monday, January 6th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Citigroup has an average rating of “Moderate Buy” and an average price target of $83.93.

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.