Allen Capital Group LLC Purchases Shares of 4,781 Citigroup Inc. (NYSE:C)

Allen Capital Group LLC purchased a new stake in shares of Citigroup Inc. (NYSE:C) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 4,781 shares of the company’s stock, valued at approximately $246,000.

Several other institutional investors have also recently made changes to their positions in the business. Snider Financial Group increased its position in Citigroup by 96,645.9% in the first quarter. Snider Financial Group now owns 84,494,926 shares of the company’s stock worth $4,512,000 after buying an additional 84,407,589 shares in the last quarter. Norges Bank purchased a new stake in Citigroup in the 4th quarter worth approximately $631,922,000. Moneta Group Investment Advisors LLC raised its stake in Citigroup by 87,332.7% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 7,511,342 shares of the company’s stock worth $339,738,000 after acquiring an additional 7,502,751 shares during the period. International Assets Investment Management LLC purchased a new position in Citigroup during the fourth quarter valued at approximately $2,109,120,000. Finally, Greenhaven Associates Inc. boosted its position in shares of Citigroup by 22.4% in the fourth quarter. Greenhaven Associates Inc. now owns 16,113,305 shares of the company’s stock worth $828,868,000 after purchasing an additional 2,948,512 shares during the period. Institutional investors own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on C shares. Keefe, Bruyette & Woods lifted their target price on Citigroup from $54.00 to $66.00 and gave the company a “market perform” rating in a research note on Friday, April 5th. The Goldman Sachs Group restated a “buy” rating on shares of Citigroup in a research report on Monday, April 1st. Oppenheimer reduced their price target on shares of Citigroup from $88.00 to $87.00 and set an “outperform” rating on the stock in a report on Monday. BMO Capital Markets cut shares of Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 price target on the stock. in a research note on Wednesday, January 10th. Finally, Evercore ISI raised their price objective on Citigroup from $58.00 to $60.00 and gave the company an “in-line” rating in a research report on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Citigroup presently has an average rating of “Moderate Buy” and an average price target of $62.91.

Citigroup Stock Performance

C stock opened at $57.02 on Wednesday. Citigroup Inc. has a 1-year low of $38.17 and a 1-year high of $63.90. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market capitalization of $109.21 billion, a P/E ratio of 16.86, a PEG ratio of 0.92 and a beta of 1.52. The business has a 50-day moving average price of $58.04 and a 200 day moving average price of $50.93.

Citigroup (NYSE:C) last announced its earnings results on Friday, April 12th. The company reported $1.58 EPS for the quarter, topping 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 period in the previous year, the company posted $1.86 earnings per share. The firm’s revenue was down 1.6% on a year-over-year basis. As a group, equities research analysts forecast that Citigroup Inc. will post 5.73 EPS for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 3.72%. The ex-dividend date is Friday, May 3rd. Citigroup’s dividend payout ratio is presently 62.72%.

About Citigroup

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.