Jackson Hole Capital Partners LLC Buys 3,106 Shares of Citigroup Inc. (NYSE:C)

Jackson Hole Capital Partners LLC grew its stake in shares of Citigroup Inc. (NYSE:C) by 7.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,659 shares of the company’s stock after acquiring an additional 3,106 shares during the period. Jackson Hole Capital Partners LLC’s holdings in Citigroup were worth $2,452,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Carmel Capital Partners LLC bought a new stake in shares of Citigroup during the third quarter valued at approximately $25,000. GHP Investment Advisors Inc. raised its stake in Citigroup by 73.8% in the third quarter. GHP Investment Advisors Inc. now owns 683 shares of the company’s stock worth $28,000 after buying an additional 290 shares in the last quarter. AlphaMark Advisors LLC raised its stake in Citigroup by 75.0% in the third quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock worth $29,000 after buying an additional 300 shares in the last quarter. OFI Invest Asset Management bought a new position in Citigroup in the third quarter worth approximately $35,000. Finally, Rakuten Securities Inc. bought a new position in Citigroup in the fourth quarter worth approximately $35,000. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Performance

Shares of C traded down $0.69 during trading hours on Thursday, reaching $61.78. 13,330,685 shares of the company traded hands, compared to its average volume of 17,043,361. The stock has a market capitalization of $118.33 billion, a P/E ratio of 18.28, a P/E/G ratio of 0.94 and a beta of 1.52. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50. Citigroup Inc. has a 12-month low of $38.17 and a 12-month high of $63.90. The business has a fifty day moving average price of $58.94 and a 200-day moving average price of $51.77.

Citigroup (NYSE:C) last announced its quarterly earnings data on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.29. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The firm had revenue of $21.10 billion for the quarter, compared to analyst estimates of $20.46 billion. During the same period in the previous year, the company earned $1.86 earnings per share. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. Equities analysts anticipate that Citigroup Inc. will post 5.97 EPS for the current fiscal year.

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 3.43%. The ex-dividend date of this dividend is Friday, May 3rd. Citigroup’s payout ratio is 62.72%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Evercore ISI boosted their price objective on shares of Citigroup from $58.00 to $60.00 and gave the stock an “in-line” rating in a research note on Thursday, April 4th. Jefferies Financial Group boosted their price objective on shares of Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a research note on Monday, April 8th. The Goldman Sachs Group reissued a “buy” rating on shares of Citigroup in a research note on Monday, April 1st. Piper Sandler boosted their price objective on shares of Citigroup from $67.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Finally, Oppenheimer cut their price target on shares of Citigroup from $88.00 to $87.00 and set an “outperform” rating on the stock in a report on Monday, April 15th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.91.

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.