Watts Gwilliam & Co. LLC Has $540,000 Stock Holdings in Citigroup Inc. (NYSE:C)

Watts Gwilliam & Co. LLC lowered its position in shares of Citigroup Inc. (NYSE:C) by 3.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,335 shares of the company’s stock after selling 234 shares during the quarter. Watts Gwilliam & Co. LLC’s holdings in Citigroup were worth $540,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of C. International Assets Investment Management LLC bought a new stake in shares of Citigroup during the fourth quarter worth $4,710,000. Spartan Planning & Wealth Management bought a new stake in Citigroup in the 4th quarter valued at $231,000. Diversified Trust Co boosted its stake in Citigroup by 0.4% in the 4th quarter. Diversified Trust Co now owns 89,601 shares of the company’s stock worth $6,307,000 after purchasing an additional 370 shares during the period. Neville Rodie & Shaw Inc. acquired a new position in Citigroup in the 4th quarter worth $274,000. Finally, CWA Asset Management Group LLC increased its holdings in Citigroup by 193.1% during the 4th quarter. CWA Asset Management Group LLC now owns 47,644 shares of the company’s stock worth $3,354,000 after purchasing an additional 31,387 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

Analysts Set New Price Targets

C has been the topic of several research reports. Piper Sandler boosted their target price on Citigroup from $73.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. Barclays upgraded shares of Citigroup from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $70.00 to $95.00 in a report on Monday. The Goldman Sachs Group raised their target price on shares of Citigroup from $72.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Truist Financial started coverage on shares of Citigroup in a research note on Tuesday. They set a “buy” rating and a $85.00 price objective for the company. Finally, Bank of America raised their price objective on Citigroup from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $80.13.

Citigroup Trading Down 0.6 %

C opened at $73.23 on Friday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.96. Citigroup Inc. has a fifty-two week low of $50.51 and a fifty-two week high of $74.29. The company’s 50 day moving average price is $70.03 and its two-hundred day moving average price is $64.95. The firm has a market capitalization of $138.50 billion, a price-to-earnings ratio of 21.23, a PEG ratio of 0.80 and a beta of 1.43.

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

Citigroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were given a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend was Monday, November 4th. Citigroup’s dividend payout ratio (DPR) is presently 64.93%.

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.