International Assets Investment Management LLC Takes Position in Citigroup Inc. (NYSE:C)

International Assets Investment Management LLC bought a new stake in shares of Citigroup Inc. (NYSE:C) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 79,707 shares of the company’s stock, valued at approximately $4,100,000.

Several other institutional investors also recently bought and sold shares of the company. AustralianSuper Pty Ltd increased its position in shares of Citigroup by 5.2% during the third quarter. AustralianSuper Pty Ltd now owns 18,993 shares of the company’s stock worth $781,000 after acquiring an additional 937 shares during the period. TD Asset Management Inc increased its position in shares of Citigroup by 19.8% in the 3rd quarter. TD Asset Management Inc now owns 794,518 shares of the company’s stock valued at $32,679,000 after purchasing an additional 131,338 shares during the last quarter. TIAA Trust National Association purchased a new stake in shares of Citigroup during the 3rd quarter worth $631,000. Skylands Capital LLC increased its holdings in Citigroup by 32.3% in the third quarter. Skylands Capital LLC now owns 116,375 shares of the company’s stock valued at $4,787,000 after buying an additional 28,425 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its stake in Citigroup by 1.9% in the third quarter. First Horizon Advisors Inc. now owns 357,062 shares of the company’s stock valued at $14,686,000 after buying an additional 6,561 shares in the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on C shares. Evercore ISI boosted their target price on Citigroup from $58.00 to $60.00 and gave the stock an “in-line” rating in a research note on Thursday, April 4th. Piper Sandler upped their price objective on shares of Citigroup from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Keefe, Bruyette & Woods lifted their target price on Citigroup from $54.00 to $66.00 and gave the stock a “market perform” rating in a research report on Friday, April 5th. HSBC upped their price target on shares of Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Finally, Oppenheimer cut their price target on Citigroup from $87.00 to $86.00 and set an “outperform” rating for the company in a research note on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $62.85.

Citigroup Stock Up 1.2 %

Shares of NYSE C opened at $62.75 on Thursday. Citigroup Inc. has a 1 year low of $38.17 and a 1 year high of $63.90. The firm has a market cap of $120.18 billion, a P/E ratio of 18.57, a price-to-earnings-growth ratio of 0.92 and a beta of 1.49. The firm’s 50 day moving average price is $59.98 and its 200 day moving average price is $53.10. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.95 and a current ratio of 0.95.

Citigroup (NYSE:C) last posted its quarterly earnings results on Friday, April 12th. The company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.29 by $0.29. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The company had revenue of $21.10 billion during the quarter, compared to analysts’ expectations of $20.46 billion. During the same quarter in the previous year, the business earned $1.86 EPS. The firm’s revenue was down 1.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Citigroup Inc. will post 5.98 earnings per share for the current year.

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 6th will be issued a dividend of $0.53 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.38%. Citigroup’s payout ratio is 62.72%.

About Citigroup

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.