Oliver Luxxe Assets LLC Decreases Holdings in Citigroup Inc. (NYSE:C)

Oliver Luxxe Assets LLC decreased its holdings in Citigroup Inc. (NYSE:C) by 0.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 115,648 shares of the company’s stock after selling 1,019 shares during the period. Citigroup makes up about 1.4% of Oliver Luxxe Assets LLC’s holdings, making the stock its 12th biggest holding. Oliver Luxxe Assets LLC’s holdings in Citigroup were worth $8,140,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Lifestyle Asset Management Inc. raised its holdings in Citigroup by 4.5% during the 3rd quarter. Lifestyle Asset Management Inc. now owns 3,730 shares of the company’s stock valued at $233,000 after buying an additional 160 shares during the last quarter. Grove Bank & Trust raised its stake in shares of Citigroup by 7.1% during the third quarter. Grove Bank & Trust now owns 2,564 shares of the company’s stock valued at $161,000 after acquiring an additional 170 shares during the last quarter. MWA Asset Management boosted its holdings in shares of Citigroup by 1.4% during the third quarter. MWA Asset Management now owns 12,585 shares of the company’s stock worth $788,000 after purchasing an additional 173 shares during the period. Bridge Creek Capital Management LLC grew its stake in shares of Citigroup by 0.3% in the third quarter. Bridge Creek Capital Management LLC now owns 67,236 shares of the company’s stock worth $4,209,000 after purchasing an additional 175 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its holdings in Citigroup by 9.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,048 shares of the company’s stock valued at $128,000 after purchasing an additional 175 shares during the period. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Stock Up 2.5 %

Shares of NYSE C traded up $1.74 during trading on Monday, reaching $72.74. The company had a trading volume of 14,823,702 shares, compared to its average volume of 11,794,440. Citigroup Inc. has a 12-month low of $50.51 and a 12-month high of $73.99. 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 business’s 50-day moving average is $69.33 and its 200 day moving average is $64.65. The stock has a market cap of $137.57 billion, a PE ratio of 21.08, a P/E/G ratio of 0.80 and a beta of 1.43.

Citigroup (NYSE:C) last issued 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. The business had revenue of $20.32 billion for the quarter, compared to the consensus estimate of $19.86 billion. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The company’s revenue was up .9% compared to the same quarter last year. During the same period last year, the business posted $1.52 EPS. As a group, equities analysts forecast 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. Stockholders of record on Tuesday, November 5th were given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend was Monday, November 4th. Citigroup’s payout ratio is currently 64.93%.

Analysts Set New Price Targets

C has been the subject of several research analyst reports. Piper Sandler increased their price objective on Citigroup from $73.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Evercore ISI boosted their price objective on shares of Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a research report on Wednesday, October 16th. Wells Fargo & Company raised 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. Bank of America increased their price target on shares of Citigroup from $78.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Finally, Barclays raised 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $79.43.

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.