Atria Wealth Solutions Inc. Boosts Stock Holdings in Citigroup Inc. (NYSE:C)

Atria Wealth Solutions Inc. lifted its stake in shares of Citigroup Inc. (NYSE:C) by 14.2% during the fourth quarter, Holdings Channel reports. The fund owned 138,698 shares of the company’s stock after acquiring an additional 17,257 shares during the period. Atria Wealth Solutions Inc.’s holdings in Citigroup were worth $7,135,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. GHP Investment Advisors Inc. grew its holdings in shares of Citigroup by 73.8% during the third quarter. GHP Investment Advisors Inc. now owns 683 shares of the company’s stock worth $28,000 after purchasing an additional 290 shares during the last quarter. Caprock Group LLC grew its holdings in shares of Citigroup by 3.0% during the third quarter. Caprock Group LLC now owns 21,077 shares of the company’s stock worth $867,000 after purchasing an additional 604 shares during the last quarter. Czech National Bank grew its holdings in shares of Citigroup by 46.0% during the third quarter. Czech National Bank now owns 336,573 shares of the company’s stock worth $13,843,000 after purchasing an additional 106,117 shares during the last quarter. Connecticut Wealth Management LLC acquired a new stake in shares of Citigroup during the third quarter worth about $324,000. Finally, MCF Advisors LLC boosted its stake in shares of Citigroup by 6.9% during the third quarter. MCF Advisors LLC now owns 8,244 shares of the company’s stock worth $339,000 after buying an additional 529 shares during the period. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Stock Up 0.8 %

Shares of C traded up $0.50 during midday trading on Friday, hitting $62.29. The company had a trading volume of 2,614,215 shares, compared to its average volume of 16,862,158. The company’s 50 day moving average price is $58.94 and its 200 day moving average price is $51.77. The stock has a market cap of $119.30 billion, a price-to-earnings ratio of 18.28, a PEG ratio of 0.94 and a beta of 1.52. Citigroup Inc. has a 52 week low of $38.17 and a 52 week high of $63.90. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50.

Citigroup (NYSE:C) last announced its quarterly earnings data on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.29. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The business had revenue of $21.10 billion during the quarter, compared to the consensus estimate of $20.46 billion. During the same quarter in the prior year, the firm earned $1.86 EPS. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, equities research analysts predict that Citigroup Inc. will post 5.97 EPS for the current year.

Citigroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date is Friday, May 3rd. Citigroup’s dividend payout ratio is presently 62.72%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on C shares. BMO Capital Markets downgraded shares of Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 target price for the company. in a research note on Wednesday, January 10th. Societe Generale downgraded shares of Citigroup from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. Piper Sandler increased their target price on shares of Citigroup from $67.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. The Goldman Sachs Group restated a “buy” rating on shares of Citigroup in a research report on Monday, April 1st. Finally, HSBC increased their target price on shares of Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Citigroup presently has an average rating of “Moderate Buy” and a consensus price target of $62.91.

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.