Citigroup Inc. (NYSE:C) Shares Sold by Wealth Management Partners LLC

Wealth Management Partners LLC decreased its position in Citigroup Inc. (NYSE:C) by 35.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,469 shares of the company’s stock after selling 2,465 shares during the quarter. Wealth Management Partners LLC’s holdings in Citigroup were worth $315,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Northwest Investment Counselors LLC purchased a new stake in Citigroup during the 3rd quarter worth $28,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Citigroup during the second quarter valued at about $31,000. Legacy Investment Solutions LLC purchased a new stake in shares of Citigroup during the third quarter worth about $31,000. GHP Investment Advisors Inc. lifted its stake in shares of 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 in the last quarter. Finally, Hazlett Burt & Watson Inc. lifted its stake in shares of Citigroup by 69.3% in the third quarter. Hazlett Burt & Watson Inc. now owns 635 shares of the company’s stock worth $39,000 after acquiring an additional 260 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Trading Up 2.0 %

Citigroup stock opened at $80.05 on Monday. The firm has a market cap of $151.40 billion, a price-to-earnings ratio of 23.20, a price-to-earnings-growth ratio of 0.59 and a beta of 1.43. Citigroup Inc. has a 1 year low of $50.51 and a 1 year high of $80.45. The firm’s 50 day moving average price is $71.22 and its two-hundred day moving average price is $65.54. The company has a debt-to-equity ratio of 1.55, 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 6.19% and a net margin of 4.70%. 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 5.88 EPS for the current fiscal year.

Citigroup declared that its board has approved a share repurchase program 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 shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date is Monday, February 3rd. Citigroup’s dividend payout ratio is presently 64.93%.

Analyst Ratings Changes

C has been the topic of several analyst reports. The Goldman Sachs Group lifted their price objective on Citigroup from $77.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday. Piper Sandler reaffirmed an “overweight” rating and issued a $83.00 price target (up from $80.00) on shares of Citigroup in a report on Thursday. Bank of America increased their price objective on shares of Citigroup from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Evercore ISI boosted their target price on shares of Citigroup from $69.00 to $79.00 and gave the stock an “in-line” rating in a research report on Thursday. Finally, Morgan Stanley increased their price target on shares of Citigroup from $104.00 to $109.00 and gave the stock an “overweight” rating in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.