Citigroup Inc. (NYSE:C) Shares Bought by Graypoint LLC

Graypoint LLC lifted its position in shares of Citigroup Inc. (NYSE:C) by 19.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,177 shares of the company’s stock after acquiring an additional 2,100 shares during the quarter. Graypoint LLC’s holdings in Citigroup were worth $928,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Northwest Investment Counselors LLC purchased a new stake in Citigroup during the third quarter worth $28,000. Strategic Investment Solutions Inc. IL purchased a new stake in Citigroup during the second quarter worth $31,000. Legacy Investment Solutions LLC purchased a new stake in Citigroup during the third quarter worth $31,000. GHP Investment Advisors Inc. boosted its position in Citigroup by 184.0% during the third quarter. GHP Investment Advisors Inc. now owns 568 shares of the company’s stock worth $36,000 after purchasing an additional 368 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. raised its holdings in shares of Citigroup by 69.3% in the third quarter. Hazlett Burt & Watson Inc. now owns 635 shares of the company’s stock worth $39,000 after acquiring an additional 260 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Stock Performance

Shares of NYSE:C opened at $71.43 on Friday. The firm has a market capitalization of $135.09 billion, a PE ratio of 20.70, a P/E/G ratio of 0.80 and a beta of 1.43. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.96. The business has a 50-day moving average of $70.19 and a two-hundred day moving average of $65.02. Citigroup Inc. has a 12 month low of $50.51 and a 12 month high of $74.29.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.31 by $0.20. The company had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.86 billion. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The firm’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.52 earnings per share. As a group, research analysts forecast that Citigroup Inc. will post 5.86 earnings per share for the current year.

Citigroup Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were given a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 3.14%. The ex-dividend date was Monday, November 4th. Citigroup’s payout ratio is 64.93%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on C. Wells Fargo & Company boosted their price target on Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Barclays raised Citigroup from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $70.00 to $95.00 in a report on Monday, January 6th. Morgan Stanley cut their price target on Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Keefe, Bruyette & Woods boosted their price target on Citigroup from $82.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Finally, Truist Financial assumed coverage on Citigroup in a report on Tuesday. They issued a “buy” rating and a $85.00 price target for the company. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $80.13.

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.