Foster & Motley Inc. Sells 857 Shares of Citigroup Inc. (NYSE:C)

Foster & Motley Inc. decreased its position in Citigroup Inc. (NYSE:C) by 16.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,277 shares of the company’s stock after selling 857 shares during the quarter. Foster & Motley Inc.’s holdings in Citigroup were worth $301,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Swedbank AB lifted its holdings in shares of Citigroup by 90.2% in the 4th quarter. Swedbank AB now owns 8,326,745 shares of the company’s stock worth $586,120,000 after acquiring an additional 3,947,912 shares during the last quarter. Field & Main Bank lifted its stake in Citigroup by 12.7% in the fourth quarter. Field & Main Bank now owns 6,888 shares of the company’s stock worth $485,000 after purchasing an additional 775 shares during the last quarter. Allen Capital Group LLC purchased a new stake in Citigroup during the fourth quarter valued at about $244,000. Forsta AP Fonden grew its stake in shares of Citigroup by 1.9% during the fourth quarter. Forsta AP Fonden now owns 441,200 shares of the company’s stock valued at $31,056,000 after buying an additional 8,200 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its stake in shares of Citigroup by 4.5% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,735,740 shares of the company’s stock valued at $122,179,000 after acquiring an additional 75,347 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Evercore ISI lifted their price target on Citigroup from $69.00 to $79.00 and gave the stock an “in-line” rating in a research note on Thursday, January 16th. Oppenheimer lowered their price target on shares of Citigroup from $110.00 to $102.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. 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 report on Friday, November 15th. Barclays raised shares of 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 research note on Monday, January 6th. Finally, 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. 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $83.93.

Citigroup Trading Down 0.5 %

NYSE:C opened at $81.43 on Friday. The firm has a market capitalization of $154.01 billion, a P/E ratio of 13.69, a PEG ratio of 0.64 and a beta of 1.43. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.96 and a quick ratio of 0.96. Citigroup Inc. has a one year low of $52.24 and a one year high of $82.77. The company’s 50-day simple moving average is $73.67 and its 200 day simple moving average is $66.64.

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

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Monday, February 3rd will be given a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 2.75%. The ex-dividend date is Monday, February 3rd. Citigroup’s dividend payout ratio is presently 37.65%.

Citigroup announced that its Board of Directors has approved a stock buyback plan on Wednesday, January 15th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 13.5% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board believes its stock is undervalued.

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.