Tandem Capital Management Corp ADV Has $1.01 Million Stake in Citigroup Inc. (NYSE:C)

Tandem Capital Management Corp ADV lowered its position in Citigroup Inc. (NYSE:C) by 6.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 19,658 shares of the company’s stock after selling 1,418 shares during the period. Tandem Capital Management Corp ADV’s holdings in Citigroup were worth $1,011,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of C. International Assets Investment Management LLC acquired a new position in Citigroup during the 4th quarter worth approximately $2,109,120,000. Greenhaven Associates Inc. raised its position in shares of Citigroup by 22.4% during the fourth quarter. Greenhaven Associates Inc. now owns 16,113,305 shares of the company’s stock worth $828,868,000 after purchasing an additional 2,948,512 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Citigroup by 42.4% in the 3rd quarter. AQR Capital Management LLC now owns 6,484,540 shares of the company’s stock worth $266,709,000 after purchasing an additional 1,930,296 shares in the last quarter. Canada Pension Plan Investment Board grew its position in Citigroup by 251.1% in the 3rd quarter. Canada Pension Plan Investment Board now owns 2,356,177 shares of the company’s stock valued at $96,910,000 after purchasing an additional 1,685,100 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in Citigroup by 49.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,885,568 shares of the company’s stock valued at $118,683,000 after purchasing an additional 959,040 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

Citigroup Trading Down 1.1 %

C traded down $0.69 on Thursday, hitting $61.78. 13,330,685 shares of the company were exchanged, compared to its average volume of 17,043,361. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.95 and a current ratio of 0.95. Citigroup Inc. has a 12 month low of $38.17 and a 12 month high of $63.90. The firm has a fifty day simple moving average of $58.94 and a two-hundred day simple moving average of $51.77. The stock has a market capitalization of $118.33 billion, a PE ratio of 18.28, a price-to-earnings-growth ratio of 0.94 and a beta of 1.52.

Citigroup (NYSE:C) last posted its earnings results on Friday, April 12th. The company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.29. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The company had revenue of $21.10 billion for the quarter, compared to analysts’ expectations of $20.46 billion. During the same period last year, the firm earned $1.86 earnings per share. Citigroup’s quarterly revenue was down 1.6% on a year-over-year basis. Sell-side analysts expect that Citigroup Inc. will post 5.97 earnings per share for the current year.

Citigroup Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Keefe, Bruyette & Woods increased their price objective on Citigroup from $54.00 to $66.00 and gave the stock a “market perform” rating in a research note on Friday, April 5th. Evercore ISI raised their price objective on Citigroup from $58.00 to $60.00 and gave the company an “in-line” rating in a research note on Thursday, April 4th. StockNews.com upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a report on Tuesday, March 19th. Piper Sandler boosted their price target on shares of Citigroup from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Finally, BMO Capital Markets cut shares of Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 target price on the stock. in a research report on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, Citigroup presently has an average rating of “Moderate Buy” and an average price target of $62.91.

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.