Atria Wealth Solutions Inc. Purchases 17,257 Shares of Citigroup Inc. (NYSE:C)

Atria Wealth Solutions Inc. raised its position in Citigroup Inc. (NYSE:C) by 14.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 138,698 shares of the company’s stock after acquiring an additional 17,257 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Citigroup were worth $7,135,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in Citigroup during the 3rd quarter valued at approximately $209,000. Simplicity Solutions LLC raised its stake in Citigroup by 17.6% during the 4th quarter. Simplicity Solutions LLC now owns 27,791 shares of the company’s stock valued at $1,430,000 after purchasing an additional 4,150 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Citigroup by 56.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,245,693 shares of the company’s stock valued at $64,078,000 after purchasing an additional 449,310 shares during the period. GFS Advisors LLC bought a new stake in Citigroup during the 4th quarter valued at approximately $2,003,000. Finally, Sound Income Strategies LLC raised its stake in Citigroup by 9.1% during the 4th quarter. Sound Income Strategies LLC now owns 258,150 shares of the company’s stock valued at $13,279,000 after purchasing an additional 21,440 shares during the period. Institutional investors own 71.72% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on C shares. Jefferies Financial Group lifted their target price on Citigroup from $56.00 to $65.00 and gave the company a “hold” rating in a research note on Monday, April 8th. Evercore ISI raised their price target on Citigroup from $58.00 to $60.00 and gave the company an “in-line” rating in a report on Thursday, April 4th. Wells Fargo & Company restated an “overweight” rating and set a $80.00 price target on shares of Citigroup in a report on Monday, April 1st. Morgan Stanley upgraded Citigroup from an “underweight” rating to an “overweight” rating and raised their price target for the company from $46.00 to $65.00 in a report on Tuesday, January 30th. Finally, Societe Generale cut Citigroup from a “hold” rating to a “sell” rating in a report on Monday, January 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $62.91.

Citigroup Trading Up 0.8 %

C traded up $0.50 during trading hours on Friday, reaching $62.29. 2,614,215 shares of the company’s stock traded hands, compared to its average volume of 16,862,158. The firm has a 50-day moving average price of $58.94 and a 200 day moving average price of $51.77. 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. The firm has a market capitalization of $119.30 billion, a PE ratio of 18.28, a PEG ratio of 0.94 and a beta of 1.52.

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

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 6th will be given a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend is Friday, May 3rd. Citigroup’s payout ratio is 62.72%.

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.