Citigroup Inc. (NYSE:C) Shares Acquired by TTP Investments Inc.

TTP Investments Inc. raised its position in Citigroup Inc. (NYSE:C) by 6.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,215 shares of the company’s stock after buying an additional 362 shares during the period. Citigroup comprises about 0.2% of TTP Investments Inc.’s portfolio, making the stock its 26th largest holding. TTP Investments Inc.’s holdings in Citigroup were worth $438,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in C. Legacy Investment Solutions LLC acquired a new stake in Citigroup in the 3rd quarter valued at about $31,000. Northwest Investment Counselors LLC purchased a new stake in shares of Citigroup in the third quarter valued at approximately $28,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Citigroup in the second quarter valued at approximately $31,000. GHP Investment Advisors Inc. increased its holdings in shares of Citigroup by 184.0% in the third quarter. GHP Investment Advisors Inc. now owns 568 shares of the company’s stock valued at $36,000 after purchasing an additional 368 shares during the last quarter. Finally, Berbice Capital Management LLC purchased a new position in Citigroup during the fourth quarter worth approximately $42,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on C shares. Evercore ISI raised their target price on Citigroup from $69.00 to $79.00 and gave the stock an “in-line” rating in a research note on Thursday, January 16th. Morgan Stanley boosted their target price on shares of Citigroup from $104.00 to $109.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Piper Sandler restated an “overweight” rating and set a $83.00 price target (up previously from $80.00) on shares of Citigroup in a report on Thursday, January 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 report on Monday, January 6th. Finally, Oppenheimer reduced their target price on Citigroup from $110.00 to $102.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.93.

Citigroup Trading Down 0.7 %

Shares of C stock opened at $81.41 on Friday. The stock has a market capitalization of $153.96 billion, a P/E ratio of 13.68, a price-to-earnings-growth ratio of 0.65 and a beta of 1.43. Citigroup Inc. has a fifty-two week low of $52.24 and a fifty-two week high of $82.77. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 0.96. The company has a 50 day moving average price of $72.47 and a 200 day moving average price of $66.11.

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

Citigroup Dividend Announcement

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

Citigroup announced that its board has authorized a share buyback plan on Wednesday, January 15th that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the company to purchase up to 13.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.

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.