Citigroup Inc. (NYSE:C) Shares Bought by Vest Financial LLC

Vest Financial LLC lifted its position in shares of Citigroup Inc. (NYSE:C) by 14.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,923 shares of the company’s stock after purchasing an additional 1,118 shares during the period. Vest Financial LLC’s holdings in Citigroup were worth $628,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Northwest Investment Counselors LLC bought a new stake in Citigroup during the third quarter valued at $28,000. Legacy Investment Solutions LLC bought a new stake in shares of Citigroup during the 3rd quarter valued at about $31,000. Webster Bank N. A. raised its stake in Citigroup by 150.0% during the fourth quarter. Webster Bank N. A. now owns 500 shares of the company’s stock worth $35,000 after acquiring an additional 300 shares during the period. GHP Investment Advisors Inc. lifted its holdings in Citigroup by 184.0% in the third quarter. GHP Investment Advisors Inc. now owns 568 shares of the company’s stock worth $36,000 after acquiring an additional 368 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. grew its holdings in shares of Citigroup by 69.3% during the third quarter. Hazlett Burt & Watson Inc. now owns 635 shares of the company’s stock valued at $39,000 after purchasing an additional 260 shares during the last quarter. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Citigroup Trading Down 0.7 %

Citigroup stock opened at $81.73 on Monday. The firm has a market cap of $154.57 billion, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 0.65 and a beta of 1.44. Citigroup Inc. has a 1 year low of $52.24 and a 1 year high of $82.91. The firm’s 50 day moving average price is $74.67 and its two-hundred day moving average price is $67.18. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 0.96.

Citigroup (NYSE:C) last issued its earnings results on Wednesday, January 15th. The company reported $1.34 earnings per share (EPS) 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 analysts’ expectations of $19.51 billion. During the same period in the previous year, the firm posted $0.84 EPS. The company’s quarterly revenue was up 12.3% on a year-over-year basis. On average, research analysts predict that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup announced that its Board of Directors has approved a stock buyback plan on Wednesday, January 15th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the company to reacquire up to 13.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 3rd will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 2.74%. The ex-dividend date is Monday, February 3rd. Citigroup’s payout ratio is 37.65%.

Wall Street Analysts Forecast Growth

C has been the subject of a number of analyst reports. Evercore ISI boosted their price objective on Citigroup from $69.00 to $79.00 and gave the company an “in-line” rating in a research report on Thursday, January 16th. The Goldman Sachs Group boosted their price target on shares of Citigroup from $77.00 to $86.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Truist Financial started coverage on shares of Citigroup in a research report on Tuesday, January 7th. They issued a “buy” rating and a $85.00 price objective on the stock. Keefe, Bruyette & Woods upped their target price on shares of Citigroup from $85.00 to $92.00 and gave the stock an “outperform” rating in a research report on Thursday, January 16th. Finally, Bank of America lifted their price target on Citigroup from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Citigroup presently has an average rating of “Moderate Buy” and a consensus target price of $83.93.

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.