Citigroup Inc. (NYSE:C) Shares Acquired by Romano Brothers AND Company

Romano Brothers AND Company lifted its holdings in Citigroup Inc. (NYSE:C) by 5.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,458 shares of the company’s stock after purchasing an additional 2,805 shares during the quarter. Romano Brothers AND Company’s holdings in Citigroup were worth $3,974,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in C. Blair William & Co. IL raised its holdings in shares of Citigroup by 3.8% in the second quarter. Blair William & Co. IL now owns 151,630 shares of the company’s stock worth $9,622,000 after buying an additional 5,481 shares during the last quarter. Intech Investment Management LLC increased its position in shares of Citigroup by 2.9% in the 2nd quarter. Intech Investment Management LLC now owns 104,407 shares of the company’s stock valued at $6,626,000 after acquiring an additional 2,896 shares during the period. Ieq Capital LLC raised its stake in Citigroup by 20.9% in the 2nd quarter. Ieq Capital LLC now owns 59,332 shares of the company’s stock worth $3,765,000 after acquiring an additional 10,239 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in Citigroup by 15.4% during the 2nd quarter. Canada Pension Plan Investment Board now owns 2,738,454 shares of the company’s stock worth $173,782,000 after acquiring an additional 365,140 shares during the period. Finally, King Luther Capital Management Corp grew its stake in Citigroup by 46.0% during the 2nd quarter. King Luther Capital Management Corp now owns 110,442 shares of the company’s stock valued at $7,009,000 after purchasing an additional 34,809 shares during the last quarter. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. The Goldman Sachs Group lifted their target price on Citigroup from $77.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday. Oppenheimer dropped their price objective on shares of Citigroup from $110.00 to $102.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Piper Sandler reissued an “overweight” rating and set a $83.00 target price (up previously from $80.00) on shares of Citigroup in a report on Thursday. Evercore ISI upped their price target on shares of Citigroup from $69.00 to $79.00 and gave the company an “in-line” rating in a report on Thursday. Finally, Bank of America lifted their price objective on Citigroup from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Citigroup presently has a consensus rating of “Moderate Buy” and an average price target of $83.93.

Citigroup Stock Up 2.0 %

Shares of C opened at $80.05 on Friday. The stock has a 50 day moving average price of $71.22 and a 200 day moving average price of $65.53. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market capitalization of $151.40 billion, a price-to-earnings ratio of 23.20, a PEG ratio of 0.59 and a beta of 1.43. Citigroup Inc. has a one year low of $50.51 and a one year high of $80.45.

Citigroup (NYSE:C) last issued 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. The business had revenue of $19.58 billion during the quarter, compared to analysts’ expectations of $19.51 billion. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.84 earnings per share. Equities research analysts forecast that Citigroup Inc. will post 5.88 earnings per share for the current fiscal year.

Citigroup announced that its Board of Directors has initiated a stock buyback plan on Wednesday, January 15th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 13.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its shares are undervalued.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders 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 2.80%. Citigroup’s dividend payout ratio (DPR) is presently 64.93%.

Citigroup 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.