Mount Yale Investment Advisors LLC Sells 19,524 Shares of Citigroup Inc. (NYSE:C)

Mount Yale Investment Advisors LLC lessened its stake in Citigroup Inc. (NYSE:C) by 23.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,980 shares of the company’s stock after selling 19,524 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Citigroup were worth $4,574,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Legacy Investment Solutions LLC bought a new position in Citigroup in the third quarter valued at about $31,000. Northwest Investment Counselors LLC bought a new stake in Citigroup during the 3rd quarter worth about $28,000. Strategic Investment Solutions Inc. IL acquired a new position in Citigroup during the 2nd quarter valued at about $31,000. Webster Bank N. A. boosted its stake in shares of Citigroup by 150.0% in the 4th quarter. Webster Bank N. A. now owns 500 shares of the company’s stock valued at $35,000 after purchasing an additional 300 shares during the last quarter. Finally, GHP Investment Advisors Inc. grew its position in shares of Citigroup by 184.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 568 shares of the company’s stock worth $36,000 after buying an additional 368 shares during the period. 71.72% of the stock is owned by institutional investors.

Citigroup Stock Down 0.7 %

Shares of C stock opened at $81.41 on Monday. Citigroup Inc. has a 12-month low of $52.24 and a 12-month high of $82.77. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.50. The firm has a fifty day moving average of $72.47 and a 200-day moving average of $66.10. The company has a market capitalization of $153.96 billion, a price-to-earnings ratio of 13.68, a P/E/G ratio of 0.65 and a beta of 1.43.

Citigroup (NYSE:C) last released its earnings results on Wednesday, January 15th. The company reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.12. The firm had revenue of $19.58 billion during the quarter, compared to analysts’ expectations of $19.51 billion. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. The company’s revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.84 EPS. As a group, equities research analysts predict that Citigroup Inc. will post 7.51 earnings per share for the current fiscal year.

Citigroup announced that its Board of Directors has approved a stock repurchase program on Wednesday, January 15th that allows the company to buyback $20.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 13.5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Citigroup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Monday, February 3rd will be paid a dividend of $0.56 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.24 annualized dividend and a dividend yield of 2.75%. Citigroup’s dividend payout ratio is currently 37.65%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on C. Evercore ISI increased their price objective on shares of Citigroup from $69.00 to $79.00 and gave the company an “in-line” rating in a report on Thursday, January 16th. Morgan Stanley increased their price target on Citigroup from $104.00 to $109.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Bank of America lifted their price objective on Citigroup from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Truist Financial began coverage on Citigroup in a research note on Tuesday, January 7th. They issued a “buy” rating and a $85.00 target price on the stock. Finally, Oppenheimer reduced their target price on Citigroup from $110.00 to $102.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $83.93.

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.