Citigroup Inc. (NYSE:C) Shares Bought by Global Trust Asset Management LLC

Global Trust Asset Management LLC increased its stake in Citigroup Inc. (NYSE:C) by 42.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 709 shares of the company’s stock after acquiring an additional 212 shares during the period. Global Trust Asset Management LLC’s holdings in Citigroup were worth $50,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of C. Simon Quick Advisors LLC raised its holdings in Citigroup by 33.4% in the fourth quarter. Simon Quick Advisors LLC now owns 8,188 shares of the company’s stock valued at $576,000 after buying an additional 2,049 shares during the period. Proquility Private Wealth Partners LLC increased its position in shares of Citigroup by 0.5% in the fourth quarter. Proquility Private Wealth Partners LLC now owns 67,482 shares of the company’s stock worth $4,750,000 after acquiring an additional 310 shares in the last quarter. Fort Washington Investment Advisors Inc. OH purchased a new position in shares of Citigroup in the 4th quarter valued at $26,561,000. JBGlobal.com LLC acquired a new position in shares of Citigroup during the 4th quarter valued at $292,000. Finally, Atomi Financial Group Inc. boosted its position in Citigroup by 12.8% during the 4th quarter. Atomi Financial Group Inc. now owns 29,305 shares of the company’s stock worth $2,063,000 after purchasing an additional 3,334 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Price Performance

Shares of NYSE C opened at $81.68 on Thursday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $154.49 billion, a price-to-earnings ratio of 13.73, a price-to-earnings-growth ratio of 0.64 and a beta of 1.43. Citigroup Inc. has a twelve month low of $52.24 and a twelve month high of $82.28. The business has a 50 day simple moving average of $71.94 and a 200-day simple moving average of $65.88.

Citigroup (NYSE:C) last issued its earnings results on Wednesday, January 15th. The company reported $1.34 earnings per share 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 company had revenue of $19.58 billion for the quarter, compared to analysts’ expectations of $19.51 billion. During the same period in the prior year, the company earned $0.84 earnings per share. The firm’s revenue was up 12.3% compared to the same quarter last year. As a group, equities research analysts expect that Citigroup Inc. will post 7.49 earnings per share for the current year.

Citigroup declared that its board has approved a stock repurchase program on Wednesday, January 15th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the company to buy up to 13.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Citigroup Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on C shares. Piper Sandler reaffirmed an “overweight” rating and issued a $83.00 target price (up previously from $80.00) on shares of Citigroup in a research report on Thursday, January 16th. Oppenheimer lowered their price objective on shares of Citigroup from $110.00 to $102.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Truist Financial initiated coverage on shares of Citigroup in a research report on Tuesday, January 7th. They set a “buy” rating and a $85.00 target price on the stock. The Goldman Sachs Group raised 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. Finally, Bank of America boosted their price objective on shares of Citigroup from $90.00 to $95.00 and gave the stock 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 stock. According to data from MarketBeat.com, the company currently 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.