Grandview Asset Management LLC Buys Shares of 9,235 Citigroup Inc. (NYSE:C)

Grandview Asset Management LLC purchased a new position in shares of Citigroup Inc. (NYSE:C) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 9,235 shares of the company’s stock, valued at approximately $650,000.

Several other large investors also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC boosted its position in Citigroup by 168.7% during the fourth quarter. FNY Investment Advisers LLC now owns 19,560 shares of the company’s stock worth $1,376,000 after purchasing an additional 12,280 shares during the period. Pallas Capital Advisors LLC lifted its stake in shares of Citigroup by 4.5% during the 4th quarter. Pallas Capital Advisors LLC now owns 19,111 shares of the company’s stock valued at $1,345,000 after buying an additional 820 shares in the last quarter. Miracle Mile Advisors LLC boosted its holdings in Citigroup by 95.8% in the 4th quarter. Miracle Mile Advisors LLC now owns 65,639 shares of the company’s stock worth $4,620,000 after buying an additional 32,109 shares during the period. Davis Investment Partners LLC purchased a new position in Citigroup in the 4th quarter valued at approximately $202,000. Finally, Cooper Financial Group raised its holdings in Citigroup by 5.4% during the 4th quarter. Cooper Financial Group now owns 34,414 shares of the company’s stock valued at $2,422,000 after acquiring an additional 1,754 shares during the period. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Trading Up 2.2 %

C stock opened at $72.94 on Tuesday. The company has a market capitalization of $137.95 billion, a PE ratio of 21.14, a price-to-earnings-growth ratio of 0.80 and a beta of 1.43. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.96 and a current ratio of 0.96. Citigroup Inc. has a one year low of $50.51 and a one year high of $74.29. The company’s 50 day moving average price is $70.40 and its two-hundred day moving average price is $65.15.

Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.20. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The business had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.86 billion. During the same period in the previous year, the firm posted $1.52 earnings per share. The firm’s revenue for the quarter was up .9% on a year-over-year basis. As a group, analysts predict that Citigroup Inc. will post 5.86 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were given a dividend of $0.56 per share. The ex-dividend date was Monday, November 4th. This represents a $2.24 annualized dividend and a yield of 3.07%. Citigroup’s payout ratio is 64.93%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Barclays upgraded Citigroup from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $70.00 to $95.00 in a research report on Monday, January 6th. Bank of America lifted their target price on Citigroup from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Truist Financial started coverage on shares of Citigroup in a report on Tuesday, January 7th. They issued a “buy” rating and a $85.00 price target on the stock. Wells Fargo & Company boosted their price objective on shares of Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Finally, Piper Sandler increased their target price on shares of Citigroup from $73.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Citigroup currently has an average rating of “Moderate Buy” and an average target price of $80.13.

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.