Citigroup Inc. (NYSE:C) Shares Purchased by Simon Quick Advisors LLC

Simon Quick Advisors LLC boosted its holdings in shares of Citigroup Inc. (NYSE:C) by 33.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,188 shares of the company’s stock after acquiring an additional 2,049 shares during the quarter. Simon Quick Advisors LLC’s holdings in Citigroup were worth $576,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Epoch Investment Partners Inc. boosted its position in shares of Citigroup by 14.9% during the 2nd quarter. Epoch Investment Partners Inc. now owns 3,913 shares of the company’s stock worth $248,000 after purchasing an additional 506 shares during the period. Evergreen Capital Management LLC boosted its position in shares of Citigroup by 8.9% during the second quarter. Evergreen Capital Management LLC now owns 15,613 shares of the company’s stock worth $991,000 after buying an additional 1,281 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Citigroup by 60.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 366,870 shares of the company’s stock valued at $23,282,000 after buying an additional 138,888 shares in the last quarter. Point72 Europe London LLP raised its holdings in shares of Citigroup by 24.6% in the 2nd quarter. Point72 Europe London LLP now owns 94,800 shares of the company’s stock valued at $6,016,000 after buying an additional 18,700 shares during the period. Finally, ELCO Management Co. LLC acquired a new position in Citigroup during the 2nd quarter worth about $244,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. The Goldman Sachs Group lifted their target price on Citigroup from $77.00 to $86.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Barclays upgraded shares of 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 report on Monday, January 6th. Keefe, Bruyette & Woods increased their target price on shares of Citigroup from $85.00 to $92.00 and gave the stock an “outperform” rating in a report on Thursday, January 16th. Piper Sandler restated an “overweight” rating and issued a $83.00 price target (up previously from $80.00) on shares of Citigroup in a research note on Thursday, January 16th. Finally, Evercore ISI increased their price objective on Citigroup from $69.00 to $79.00 and gave the company an “in-line” rating in a research note on Thursday, January 16th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $83.93.

Citigroup Stock Performance

Shares of C opened at $81.68 on Thursday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.50. Citigroup Inc. has a 52-week low of $52.24 and a 52-week high of $82.28. The stock has a 50 day moving average price of $71.94 and a 200 day moving average price of $65.88. The company has a market capitalization of $154.49 billion, a price-to-earnings ratio of 13.73, a price-to-earnings-growth ratio of 0.64 and a beta of 1.43.

Citigroup (NYSE:C) last posted its earnings results on Wednesday, January 15th. The company reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.12. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. The firm had revenue of $19.58 billion for the quarter, compared to the consensus estimate of $19.51 billion. During the same period last year, the firm posted $0.84 EPS. The company’s revenue was up 12.3% on a year-over-year basis. Research analysts predict that Citigroup Inc. will post 7.49 EPS for the current fiscal year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Monday, February 3rd will be given a $0.56 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.74%. Citigroup’s dividend payout ratio (DPR) is presently 37.65%.

Citigroup declared that its Board of Directors has approved a share repurchase plan on Wednesday, January 15th that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the company to purchase 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 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.