Pallas Capital Advisors LLC Has $1.35 Million Stake in Citigroup Inc. (NYSE:C)

Pallas Capital Advisors LLC increased its stake in Citigroup Inc. (NYSE:C) by 4.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 19,111 shares of the company’s stock after purchasing an additional 820 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Citigroup were worth $1,345,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in C. Northwest Investment Counselors LLC acquired a new position in shares of Citigroup during the 3rd quarter worth about $28,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Citigroup during the second quarter worth approximately $31,000. Legacy Investment Solutions LLC bought a new stake in shares of Citigroup in the third quarter valued at approximately $31,000. GHP Investment Advisors Inc. grew its stake in shares of Citigroup by 184.0% in the third quarter. GHP Investment Advisors Inc. now owns 568 shares of the company’s stock worth $36,000 after acquiring an additional 368 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. increased its position in Citigroup by 69.3% during 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 period. Institutional investors own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on C. Bank of America raised their price target on shares of Citigroup from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Piper Sandler boosted their price target on Citigroup from $73.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. Keefe, Bruyette & Woods raised their price objective on Citigroup from $82.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Wells Fargo & Company boosted their price objective on Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Finally, Morgan Stanley reduced their target price on Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.13.

Citigroup Trading Up 2.2 %

Shares of Citigroup stock opened at $72.94 on Tuesday. Citigroup Inc. has a 12-month low of $50.51 and a 12-month high of $74.29. The stock has a market capitalization of $137.95 billion, a P/E ratio of 21.14, a price-to-earnings-growth ratio of 0.80 and a beta of 1.43. The company has a 50-day simple moving average of $70.40 and a 200 day simple moving average of $65.15. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.55.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.20. The company had revenue of $20.32 billion during the quarter, compared to analysts’ expectations of $19.86 billion. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. Citigroup’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.52 earnings per share. Research analysts expect that Citigroup Inc. will post 5.86 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were given a $0.56 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.24 annualized dividend and a yield of 3.07%. Citigroup’s payout ratio is 64.93%.

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.