Citigroup Inc. (NYSE:C) Shares Purchased by Smith Thornton Advisors LLC

Smith Thornton Advisors LLC boosted its stake in shares of Citigroup Inc. (NYSE:C) by 5.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,928 shares of the company’s stock after buying an additional 240 shares during the quarter. Smith Thornton Advisors LLC’s holdings in Citigroup were worth $347,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in C. American Century Companies Inc. raised its stake in shares of Citigroup by 2.3% during the 2nd quarter. American Century Companies Inc. now owns 339,400 shares of the company’s stock worth $21,538,000 after buying an additional 7,778 shares during the last quarter. Wealthspire Advisors LLC increased its holdings in Citigroup by 13.0% during the 2nd quarter. Wealthspire Advisors LLC now owns 3,977 shares of the company’s stock valued at $252,000 after acquiring an additional 457 shares in the last quarter. Brown Brothers Harriman & Co. raised its position in Citigroup by 116.9% during the second quarter. Brown Brothers Harriman & Co. now owns 10,622 shares of the company’s stock worth $674,000 after acquiring an additional 5,724 shares during the last quarter. Citizens Financial Group Inc. RI lifted its holdings in shares of Citigroup by 36.3% in the second quarter. Citizens Financial Group Inc. RI now owns 11,759 shares of the company’s stock valued at $746,000 after purchasing an additional 3,131 shares in the last quarter. Finally, Moors & Cabot Inc. grew its position in shares of Citigroup by 17.1% in the second quarter. Moors & Cabot Inc. now owns 17,347 shares of the company’s stock valued at $1,101,000 after purchasing an additional 2,539 shares during the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Price Performance

C opened at $78.48 on Thursday. Citigroup Inc. has a 1 year low of $50.51 and a 1 year high of $79.25. The company’s 50 day simple moving average is $70.60 and its 200 day simple moving average is $65.22. The stock has a market capitalization of $148.43 billion, a PE ratio of 22.75, 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 quick ratio of 0.96 and a current ratio of 0.96.

Citigroup (NYSE:C) last announced its quarterly earnings results on Wednesday, January 15th. The company reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.12. The company had revenue of $19.58 billion for the quarter, compared to analyst estimates of $19.51 billion. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. Citigroup’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the business earned $0.84 EPS. As a group, sell-side analysts expect that Citigroup Inc. will post 5.86 EPS for the current year.

Citigroup declared that its board has authorized a stock repurchase plan on Wednesday, January 15th that permits the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 13.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Citigroup Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 3rd will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date is Monday, February 3rd. Citigroup’s dividend payout ratio (DPR) is presently 64.93%.

Wall Street Analyst Weigh In

C has been the subject of several research reports. Piper Sandler lifted their price objective on Citigroup from $73.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. 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. Barclays raised Citigroup from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $70.00 to $95.00 in a research note on Monday, January 6th. Bank of America boosted their target price on shares of Citigroup from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Finally, The Goldman Sachs Group upped their target price on shares of Citigroup from $72.00 to $81.00 and gave the company a “buy” rating in a report on Friday, December 6th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Citigroup has an average rating of “Moderate Buy” and an average target price of $80.13.

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.