Ballentine Partners LLC Acquires 772 Shares of Citigroup Inc. (NYSE:C)

Ballentine Partners LLC increased its holdings in Citigroup Inc. (NYSE:C) by 3.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,232 shares of the company’s stock after purchasing an additional 772 shares during the quarter. Ballentine Partners LLC’s holdings in Citigroup were worth $1,635,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. Pacer Advisors Inc. boosted its position in Citigroup by 5.5% during the 2nd quarter. Pacer Advisors Inc. now owns 135,821 shares of the company’s stock valued at $8,619,000 after acquiring an additional 7,058 shares in the last quarter. ProShare Advisors LLC boosted its position in Citigroup by 5.1% during the 2nd quarter. ProShare Advisors LLC now owns 387,318 shares of the company’s stock valued at $24,579,000 after acquiring an additional 18,669 shares in the last quarter. Frank Rimerman Advisors LLC boosted its position in Citigroup by 2,621.3% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 12,382 shares of the company’s stock valued at $786,000 after acquiring an additional 11,927 shares in the last quarter. Epoch Investment Partners Inc. boosted its position in Citigroup by 14.9% during the 2nd quarter. Epoch Investment Partners Inc. now owns 3,913 shares of the company’s stock valued at $248,000 after acquiring an additional 506 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in Citigroup by 25.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 7,078 shares of the company’s stock valued at $459,000 after acquiring an additional 1,441 shares in the last quarter. 71.72% of the stock is owned by institutional investors.

Citigroup Trading Up 2.2 %

NYSE:C opened at $81.74 on Wednesday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.50. Citigroup Inc. has a 12 month low of $51.95 and a 12 month high of $81.85. The company has a market cap of $154.59 billion, a PE ratio of 13.74, a price-to-earnings-growth ratio of 0.64 and a beta of 1.43. The company has a 50 day simple moving average of $71.43 and a two-hundred day simple moving average of $65.65.

Citigroup (NYSE:C) last posted its earnings results on Wednesday, January 15th. The company reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.12. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. The business had revenue of $19.58 billion during the quarter, compared to the consensus estimate of $19.51 billion. During the same quarter in the previous year, the firm posted $0.84 EPS. The firm’s revenue was up 12.3% on a year-over-year basis. Research analysts forecast that Citigroup Inc. will post 7.49 earnings per share for the current year.

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

Citigroup Dividend Announcement

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

Wall Street Analysts Forecast Growth

C has been the subject of several recent research reports. Morgan Stanley lifted their target price on shares of Citigroup from $104.00 to $109.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Evercore ISI lifted their target price on shares of Citigroup from $69.00 to $79.00 and gave the company an “in-line” rating in a report on Thursday, January 16th. Truist Financial initiated coverage on shares of Citigroup in a report on Tuesday, January 7th. They set a “buy” rating and a $85.00 target price for the company. Bank of America lifted their target price on shares of Citigroup from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Citigroup from $85.00 to $92.00 and gave the company an “outperform” rating in a report on Thursday, January 16th. Four research analysts have rated the stock with a hold rating and twelve have given 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 $83.93.

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.