Graypoint LLC Raises Position in Citigroup Inc. (NYSE:C)

Graypoint LLC boosted its holdings in Citigroup Inc. (NYSE:C) by 19.0% in the fourth quarter, HoldingsChannel reports. The firm owned 13,177 shares of the company’s stock after purchasing an additional 2,100 shares during the period. Graypoint LLC’s holdings in Citigroup were worth $928,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. HBW Advisory Services LLC boosted its holdings in Citigroup by 1.2% in the fourth quarter. HBW Advisory Services LLC now owns 48,482 shares of the company’s stock valued at $3,413,000 after purchasing an additional 584 shares during the last quarter. Baker Tilly Wealth Management LLC raised its stake in Citigroup by 4.6% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 5,348 shares of the company’s stock valued at $376,000 after buying an additional 236 shares in the last quarter. Fortitude Family Office LLC raised its stake in Citigroup by 19.6% during the fourth quarter. Fortitude Family Office LLC now owns 1,519 shares of the company’s stock valued at $107,000 after buying an additional 249 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Citigroup during the fourth quarter valued at approximately $4,710,000. Finally, Spartan Planning & Wealth Management acquired a new stake in Citigroup during the fourth quarter valued at approximately $231,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Bank of America upped their price objective on Citigroup from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday. Evercore ISI upped their price objective on Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a research note on Wednesday, October 16th. Barclays upgraded Citigroup from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $70.00 to $95.00 in a research note on Monday, January 6th. Piper Sandler upped their price objective on Citigroup from $73.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. Finally, The Goldman Sachs Group increased their price target on Citigroup from $72.00 to $81.00 and gave the stock a “buy” rating in a research 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 company. According to data from MarketBeat.com, Citigroup presently has a consensus rating of “Moderate Buy” and an average price target of $80.13.

Citigroup Stock Performance

Shares of NYSE C opened at $71.43 on Friday. The stock has a fifty day moving average price of $70.19 and a two-hundred day moving average price of $65.02. 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 firm has a market cap of $135.09 billion, a P/E ratio of 20.70, a PEG ratio of 0.80 and a beta of 1.43. Citigroup Inc. has a 1 year low of $50.51 and a 1 year high of $74.29.

Citigroup (NYSE:C) last issued its quarterly 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 firm had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.86 billion. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The firm’s quarterly revenue was up .9% on a year-over-year basis. During the same period last year, the company posted $1.52 EPS. Research analysts forecast that Citigroup Inc. will post 5.86 EPS for the current fiscal year.

Citigroup Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend was Monday, November 4th. Citigroup’s payout ratio is currently 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.